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Schwab Institutional Introduces Healthcare and Benefits Assistance for Independent Advisor Firms
Date:10/15/2007

s being made available to all advisors who work with Schwab Institutional, it should be of particular interest to advisors who are making the transition to becoming independent investment advisors.

"This service will be of great value to advisors who are in the process of striking out on their own and being confronted with a host of unfamiliar issues," said Grist. "Finding quality healthcare and benefits can be one of the most daunting challenges for a new business owner. Advisors are in this business because they love clients and investing, not to learn the intricacies of administering payroll."

Founded in 1988, TriNet delivers outsourced human resources throughout the United States and Canada. TriNet specializes in serving technology, financial services and professional services. TriNet serves more than 1,500 companies with a total of 28,000 employees and is part of the General Atlantic portfolio of companies.

"We're enthusiastic about working with Schwab Institutional because the needs of independent advisors exactly match the needs of the kinds of companies TriNet has worked with for the last twenty years," said Mike Triantos, TriNet's vice president of sales. "Our premium benefits and human resource services will help advisors to grow quickly and hire strategically."

Schwab Institutional continues to build out other aspects of its GrowthPoint practice management program, which provides advisors with best practices, thought leadership, guidance and resources to help them maintain and grow their businesses. At the end of the month, Schwab Institutional will also be announcing a broad set of tools and services to help advisors manage their human capital, including finding and retaining talent, training and rewarding staff, structuring their firm, and preparing for transition. GrowthPoint comprises four offerings: Business Strategy and Planning, Human Capital, Marketing and Business Development, and Transition Planning.

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SOURCE Charles Schwab
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