Charles Schwab to buy USAA assets in $1.8 billion deal
USAA Financial Center
Source: USAA | FacebookCharles Schwab on Thursday announced plans to acquire assets of USAA’s Investment Management Co., including brokerage and managed portfolio accounts, for $1.8 billion in cash.
The companies have also agreed to a long-term referral agreement, effective at closing of the acquisition, that would make Schwab the exclusive wealth management and brokerage…