On Monday, nearly a year after announcing an agreement to buy U.S. Trust Corp., Charles Schwab Corp. began offering the New York firm’s administrative trustee services to the 6,000 independent investment advisers who use Schwab for trading and custody.

The advisers will continue to be the hands-on managers of their clients’ assets. U.S. Trust, which Schwab bought in June, will take care of the administrative functions of the trusts, such as dividend and interest collection, fiduciary accounting and record keeping, and filing fiduciary tax returns.

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