Charles Schwab Franchise Branch Plan

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Sep 19, 2011 7:22 pm

I read an article posted a few hours ago on AdvisorOne discussing Schwab's Franchise Branch plans:

http://www.advisorone.com/2011/09/19/schwabs-clark-on-franchises-and-ria-competition-br

Within the article there was mention:  "he explained, with the new franchises situated at least 75 miles from existing Schwab (SCHW) retail branches."

I would be interested in reading Schwab's written policy on the mile-radius minimum they will impose in regard to being near an RIA firm using Schwab for custody?  Will it also be 75-miles I wonder?