Thomas Partners Acquired by Charles Schwab for $85 Million

Posted by Seton McAndrews | CFP®, Vice President Investments
October 16, 2012

Charles Schwab recently announced that it agreed to purchase money manager ThomasPartners for $85 million. The move comes as Schwab is trying to expand its money manager offering to clients. ThomasPartners dividend-growth strategy was particularly attractive, with $2.3 billion in the strategy. Charles Schwab's other high profile acquisitions was Windhaven Investments in late 2011.

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Thomas Partners Acquired by Charles Schwab for $85 Million

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