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Investment Brokerages M&A image Investment Brokerages M&A » By The Online Investor Staff, updated Sun., Oct. 17, 12:03 PM Recent mergers and acquisitions in the Investment Brokerages M&A category.

Slide #96. The Charles Schwab Corporation ThomasPartners, Inc.

Acquirer: The Charles Schwab Corporation (NYSE:SCHW)
Acquiree: ThomasPartners, Inc.
Details: The Charles Schwab Corporation today announced the completion of its acquisition of ThomasPartners, Inc. The acquisition agreement, originally announced October 15, 2012, includes an upfront payment of $85 million in cash and the opportunity for additional payments contingent on future growth in assets under management. "We are pleased to be able to provide our retail and investment advisor clients with convenient and cost effective access to ThomasPartners' investment acumen," said Walt Bettinger, Schwab president and chief executive officer. "Their approach to the construction of growth-oriented investment portfolios that generate dividend income streams makes enormous sense as our population ages, and will be an important addition to our existing money management line-up." Headquartered in Wellesley, Massachusetts, ThomasPartners is a growth and dividend income-focused asset management firm with $2.2 billion in AUM as of November 30, 2012, that has outperformed relevant benchmarks cumulatively since its inception in March 2003. ThomasPartners' portfolios will be available as part of Schwab's Managed Account Access service for investment advisors soon after the close and to Schwab retail clients during the first half of 2013.

Charles Schwab is a savings and loan holding company. Co. is engaged, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Co.'s segments include: Investor Services, which provides retail brokerage and banking services to individual investors and retirement plan services, as well as other corporate brokerage services, to businesses and their employees; and Advisor Services, which provides custodial, trading, banking and support services, as well as retirement business services to independent registered investment advisors and recordkeepers.

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Strong Buy (3.94 out of 4)
71st percentile
(ranked higher than approx. 71% of all stocks covered)

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