Core Insights - Charles Schwab has launched the Schwab Advisor ProDirect membership program aimed at independent advisors managing between $50 million to $300 million in client assets, expanding its services beyond just breakaway advisors [2]. Group 1 - The new program is designed to assist independent advisors in establishing and growing their practices, reflecting Schwab's commitment to supporting the independent advisory community [2]. - This initiative comes approximately six months after Schwab announced its plans to introduce a service tailored for advisors looking to start independent practices [2].