Schwab Advisor Services announced it is expanding its RIAConnect platform to provide greater support to firms who custody with both Schwab and TD Ameritrade (TDA) to make the right connections with each other and with prospective talent. The online community and matching tool, which originated as a TDA initiative, connects firms and advisors on topics related to M&A, talent and succession planning. There are more than 1,000 firms currently on the platform, and they have exchanged more than 11,000 messages since the original launch.

The enhanced platform leverages a proprietary algorithm designed to match firms with mutual goals or needs. Firms can connect anonymously online to pursue strategic relationships narrowed down through a filtered search by factors like firm culture, growth projections, and investment management approaches. Another important enhancement is that prospective talent can now leverage the platform to explore career opportunities through an external link, making it easier for firms and job seekers to find the right fit.

As a complement to RIAConnect, the Schwab Affinity Services program provides firms with access to a collection of curated third-party providers at preferred pricing that cover talent, M&A, and succession planning capabilities offered through the platform. Advisors can access RIAConnect by visiting the Schwab Advisor Center or Veo One.