Charles Schwab & Co.-the king of do-it-yourself investing-is cashing in on the popularity of fee-based investment advisers.

The San Francisco-based brokerage giant steered more than $350 million of assets under management to independent advisers during the first five months of the year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.