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Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager says

By Brooke Southall · RIABiz ·

The Schwab CEO says 'proprietary' long-short SMA strategies extend balance sheet and operations limitations, but offers no timetable and calls it a repurposing of existing direct-indexing.

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