Charles Schwab Completes Asset Acquisition of Wasmer Schroeder
- The company had $10.7 billion in assets under management as of the 31st of May 2020.

The Charles Schwab Corporation has announced earlier today in San Francisco that it has completed the asset acquisition of Wasmer, Schroeder & Company, LLC for an undisclosed amount.
Wasmer Schroeder is an independent investment manager of fixed income separately managed accounts. The company has $10.7 billion in assets under management as of the 31st of May 2020.
Following the acquisition, Charles Schwab, an American bank and stock brokerage firm, will now be able to offer Wasmer Schroeder’s suite of tax-exempt and taxable strategies, complementing its existing fixed income capabilities.
“The acquisition enables the growth of Schwab’s fixed income separately managed account business, and will help Schwab meet increasing client demand for income in retirement,” the stock brokerage said in its statement today.
In addition to acquiring assets of Wasmer Schroeder, Schwab has hired nearly all of of the investment manager’s team. The deal will allow Charles Schwab to grow its fixed income separately managed account business, by providing the opportunity for increased asset flows.
Charles Schwab continues acquisition spree
As Finance Magnates reported, the all-cash transaction was first announced in February of this year. Today’s announcement follows on from a string of acquisitions by Schwab.
In particular, the financial firm recently completed the asset acquisition of Motif, a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term company, which included all of the company’s technology and intellectual property. This includes algorithms, patents and source code.
Schwab is also trying to close a major acquisition of TD Ameritrade in an all-stock transaction valued at approximately $26 billion. In a victory for Schwab, in June the Antitrust Division of the United States Department of Justice (DOJ) closed its investigation on the proposed acquisition of TD Ameritrade Holding Corporation.
The Charles Schwab Corporation has announced earlier today in San Francisco that it has completed the asset acquisition of Wasmer, Schroeder & Company, LLC for an undisclosed amount.
Wasmer Schroeder is an independent investment manager of fixed income separately managed accounts. The company has $10.7 billion in assets under management as of the 31st of May 2020.
Following the acquisition, Charles Schwab, an American bank and stock brokerage firm, will now be able to offer Wasmer Schroeder’s suite of tax-exempt and taxable strategies, complementing its existing fixed income capabilities.
“The acquisition enables the growth of Schwab’s fixed income separately managed account business, and will help Schwab meet increasing client demand for income in retirement,” the stock brokerage said in its statement today.
In addition to acquiring assets of Wasmer Schroeder, Schwab has hired nearly all of of the investment manager’s team. The deal will allow Charles Schwab to grow its fixed income separately managed account business, by providing the opportunity for increased asset flows.
Charles Schwab continues acquisition spree
As Finance Magnates reported, the all-cash transaction was first announced in February of this year. Today’s announcement follows on from a string of acquisitions by Schwab.
In particular, the financial firm recently completed the asset acquisition of Motif, a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term company, which included all of the company’s technology and intellectual property. This includes algorithms, patents and source code.
Schwab is also trying to close a major acquisition of TD Ameritrade in an all-stock transaction valued at approximately $26 billion. In a victory for Schwab, in June the Antitrust Division of the United States Department of Justice (DOJ) closed its investigation on the proposed acquisition of TD Ameritrade Holding Corporation.