Schwab continues to insist they want small RIA's. They continue to insist they do not discriminate against small RIA's. Yet, they will terminate a small RIA for swearing on the phone, and allow a larger RIA, who stole money from client accounts, to stay on their platform. Google Richard T Diver and see what he did to hundreds of RIA account holders. He worked for M&R Capital before he went to prison. M&R Capital custodies with Charles Schwab. They have $500M AUM.
And do you know how Schwab terminates RIA contracts? Well, one thing they do is write a letter to every RIA client....
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