Charles Schwab (SCHW) agrees to purchase money manager ThomasPartners for $85M in upfront cash...

|About: The Charles Schwab Corpo... (SCHW)|By:, SA News Editor

Charles Schwab (SCHW) agrees to purchase money manager ThomasPartners for $85M in upfront cash plus additional consideration contingent on growth in AUM (currently at $2.3B). Schwab expects the acquisition to be accretive to EPS after year 1. (PR) (earnings)