Schwab to Buy USAA Investment Management Firm’s Assets for $1.8 Billion

The Charles Schwab Corp. has agreed to acquire assets of USAA’s investment management company, including brokerage and managed portfolio accounts, for $1.8 billion in cash. The companies have also agreed to enter into a long-term referral agreement that will make …

from News – Insurance Journal https://ift.tt/2Zd7NxW