YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Charles Schwab to buy USAA Investment for $1.8B

Posted online

Charles Schwab Corp. penned a deal to purchase USAA Investment Management Co. for $1.8 billion.

Schwab, which currently has a $1.9 trillion investor services business, would add $90 billion in client assets and over 1 million accounts through the deal.

USAA Investment Management is a subsidiary of USAA, which offers home, life and auto insurance, as well as banking and investment services.

Read more from the San Antonio Business Journal.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Summit Athletix

A construction industry veteran branched out to a new kind of venture with the May 14 opening of Summit Athletix; the newest marijuana dispensary for Flora Farms LLC opened; and Liora’s Original Creations Nail Salon launched.

Most Read
Update cookies preferences