[StoOgE]

As a former finance guy: There just aren't enough people in Austin for someone like Schwab to become a major player.

Austin has been a hub of back-office operations jobs in finance for smaller companies only.

Schwab has a phone bank in North Austin. There are smaller players like NFP and Lion Street that are back-office ops jobs. There are a few fund families in town, DFA again is mostly the boring back-office stuff where the real power-players are in their California office.

Schwab is only in Austin because they bought out an old e-trading platform in the 90s and their HQ is destined for DFW.

Austin has a lot of VC money, but those are smaller boutique investment offices. And then you are talking pension funds that are again not big office counts.

Dallas and Houston are the financial capitals of Texas and unless Austin wants a bunch of 35-45K a year jobs like Tampa has it's not gonna be a major industry of expansion for the foreseeable future.