Schwab Buys ETF Portfolio Manager for $150 Million
August 30, 2010 at 17:15 PM EDT
In a display of its commitment to the growth of exchange traded funds (ETFs), Charles Schwab is going to buy Boston-based Windward Investment Management for $150 million. As of July 31, Windward managed about $3.9 billion in three portfolios made up mostly of ETFs. Once the deal is set,...