Schwab Advisor Services CEO Bernie Clark is today quoted apologizing to Schwab-affiliated RIAs for mistakenly prospecting to their clients, which reminds of an incident in early-1998 when Schwab contacted the clients of former Boston-area advisor Marjorie Meyer.
In fact, the recent incident is about the same as one I reported on for Dow Jones Investment Advisor in May 1998 in which I documented instances of Schwab inappropriately contacting advisor clients.
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