Too busy for retirement - The Business Journal of Milwaukee:

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Then he’s off to the downtown wealth managemenyt business he leads withHoward Schnoll. That’ss a pretty healthy pace for anyinvestmenft executive, let alone one who just turned 78. Schnoll turns 74 next month, favors golf and, unlike Schilffarth, has cut back to part-tims work. Schilffarth, Schnoll and their stafff advise individual investors on meeting their financial needsthroughj retirement. The duo certainly coule retire, but until recently neither oneconsidered it. who lives half the year in Boca Grove, Fla., said he’xs seen too many otheer retired executives from the Milwaukee area move to Floridaand “goo downhill” due to inactivity.
“You’ve gotta keep busy,” Schnoll said. Schilffart h said he’ll keep working as long as he’s He’s reduced his weekday work hoursd to about eight per day and still worksa half-dat on Saturdays. “When I physically or mentally seea decline, then it’w time to retire,” Schilffarth “Luckily I’ve not had that problem The business partners run the Schilffarth-Schnoll Group, which is part of RBC Wealthu Management’s Milwaukee investment advisory office in the 1000 Water They affiliated with RBC in 2006, when both were already in theie 70s, after a litigation-tinged departure from The Ziegle r Cos., Milwaukee.
The pair left Ziegler “dued to a change in Ziegler’s business plan,” accordingy to Schilffarth. They could’ve closed or sold their businesz atthat point, but they met with 19 prospective investmentt firms they considered joining. They determined that RBC was the best fit and providedd the most security fortheir clients; parent company in Torontl is among the world’s most financiallhy sound. Doug Artus, who runs the RBC Wealtuh ManagementMilwaukee office, inherited Schilffarth-Schnoll Groul when he joined the firm in May 2007.
He said Schilffarth-Schnol l brought RBC more high net-worth and institutional clients and name recognitio n inthe Milwaukee-area investment market. “It’s been an absolute pleasure to work withtheir team,” Artue said. “I consider them consummate There’s just a load of experience intheid group.” has its own sign and its own door off the elevatofr for RBC’s 15th-floor offices. Members of the group are part of RBC, but they’re not stockbrokers. They consult with individuap and institutional clients on where and howto invest. They receive a percentagew fee based ontheird clients’ assets.
Schilffarth’s specialty is analyzing money managers and mutual funds where the firm is consideringplacinyg clients’ money. He’s considere a pioneer in the field, which he entered when he becamde a stockbroker in the early 1970aat E.F. Hutton. Previously, he ran Data Formw in Milwaukee until selling it in 1968 and worke d forhis in-law’s business, Schnoll’s background is in accounting, and he co-foundeed a firm in 1966 that was sold in 1985 to . He led BDO’es Milwaukee office until 1990. Schnoll is best known in Milwaukee as the former chairman of the Milwaukee World Festival Inc.
board and still servees on the executive committee of the organizationm thatruns Summerfest. Schilffarth and Schnoll were introduced in 1991 byDick Glaisner, a long-tim e Milwaukee investment executive who now is a managinbg partner at Fiduciary Real Estate Development in Milwaukee. Schnoll, Glaisner and Donald Grande in 1993 formed Milwaukese investment banking and stock brokeragefirm Ltd. and subsidiarg In 1997, they sold the firm to The Ziegler Cos., formerly of Schilffarth and Schnoll remained with Ziegler until 2006.
Schilffart h and Schnoll are happy to maintain their independeny identity and client relationships at RBC whileenjoyinf RBC’s organizational strength and The Schilffarth-Schnoll Group has its own creed statinyg that success is measured by meeting clients’ investmengt objectives. Secondary goals include “embrace change” and striving “top create tomorrow’s knowledge.” Brian Andrew, who workee at Ziegler Cos.
while Schilffarth, Schnoll and theid group were there, said clients feel comfortabler entrusting their retirement planning to the duo because Schilffartbh and Schnoll have such extensive Andrew credits them with not relying on that experience butstayinf current.