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Articles tagged "Walt Bettinger"


Bucking industry skepticism, Jon Stein is pitching his robo as a one-stop 401[k] shop for legacy firms.

The 10 biggest RIA moves of 2015 and what conclusions to draw from them
PE dollars, succession angst, women executives seeking same and, of course, the robo sweepstakes spurred these advisor-entrepreneurs to dare and to risk much

Monday 1.4.16
Walt Bettinger: I have bitten my lip until now.

Walt Bettinger unbites his lip and ignites a Schwab IMPACT Twitter squall and the RIA custody show goes on
Tweets connected Schwab CEO remarks to Wealthfront's chippy chief -- red meat to the de facto hometown crowd of advisors

Monday 11.16.15
Bernie Clark kept his comments in a pep talk framework Tuesday.

9 questions to ask Schwab execs when you buttonhole them in Boston at IMPACT 2015
$23 trillion of AUM is there for the taking -- but how exactly does Schwab propose help RIAs win that discovered bounty?

Friday 11.13.15
Walt Bettinger: We saw new enrollments spike as the market fell.

Schwab's robo spikes suddenly to nearer $5 billion as 500 RIAs sign on
San Francisco giant also claims the assets, despite being managed for 'free,' produce better revenues than the self-directed accounts they are cannibalized from

Tuesday 10.27.15
Randy Long: I think Schwab's only real interest in the 401(k) space is to capture rollovers.

As Schwab edges closer to letting RIAs in as 401(k) middlemen, leaked details suggest to some that the firm still marginalizes the advisor
Though RIAs technically gain a seat at the Schwab index 401(k) table, they still don't have much say about how assets get invested

Thursday 10.8.15
Paul Woolway is making Schwab Bank grow fast with help from RIAs.

Schwab alerts its RIAs that it will liquidate client money market holdings by Dec. 1
The San Francisco-based broker is shipping all cash in sub-$500K accounts to its bank

Wednesday 9.30.15
Walt Bettinger: Building a B2C brand is incredibly expensive, as we all know, and difficult. Takes many, many years, but ultimately we think we are looking at a tool.

In a six-month-mark reality check, Walt Bettinger recasts Schwab's retail robo-advice as a 'tool' -- but a handy one
After the mini-Manhattan Project of Schwab Intelligent Portfolios, its CEO is showing a fuller hand of cards that goes way beyond B2C

Wednesday 8.5.15
Terri Kallsen: We need more feet on the street.

Schwab's big reveal at its July update: Goal to hire 1,800 financial advisors and unpause branch expansion
Newbie Terri Kallsen gets the Bettinger nod to spend big on doubling advisor force and growing branch count to 500

Friday 7.24.15
Walt Bettinger: As time goes on, the weighting of new-to-firm clients is growing.

Schwab grabs astounding $1.5 billion of robo assets in six weeks, but mostly from itself
Walt Bettinger boasts of 'hundreds of new accounts daily' for Schwab Intelligent Portfolios then fences with Wall Street analysts who beg details

Friday 4.24.15
Mark Casady: I think one or two of these robo-advisors will survive.

Mark Casady settles the question of whether LPL will start its own robo-advisor
In the wake of the aborted NestWise effort and a quieter robo rollout by his firm, the LPL Financial CEO doesn't buy the economics of the opportunity

Thursday 2.26.15
Teri Kallsen: We've got OneSource and we've got the scale to get to market quickly. This will disrupt our competitors. They may try to copy us as we've seen in the past.

Schwab spills robo-beans to Wall Street, including a Schwab Bank wrinkle, cannibalization rates and the algorithm's distaste for OneSource funds
Calling Schwab Intelligent Portfolios a $400-billion opportunity, Walt Bettinger boasts of his own four-minute sign-up

Thursday 2.12.15
Walt Bettinger: We ended 2014 with record client account levels.

Reading between the lines of Schwab's 2014 earnings release to understand investor indifference
Windhaven's results and Schwab Private Client's non-resullts could have investors on edge despite record assets from RIAs

Tuesday 1.20.15
Walt Bettinger: And by the way, we never said that it would be free, but rather that it will fund itself from the revenues of the underlying ETFs.

A charged-up Walt Bettinger slams all non-Schwab robos at IMPACT 2014 with an energy appreciated by RIAs
The Schwab CEO's feistiness was just one unusual occurrence at the all-stops-out fete for high-end RIAs in the Mile High city

Monday 11.10.14
Walter Bettinger showed bursts of emotion to the Barron's writer. (Photo: Dow Jones)

What a close reading of Barron's cover story on Walt Bettinger reveals
The Dow Jones newsweekly puts a sunny spin on the Schwab CEO's accomplishments but reveals sensitive succession and RIA issues, too

Wednesday 11.5.14
Walt Bettinger: Against a backdrop of heightened market volatility during the quarter, we saw increased utilization of the help and advice available through Schwab.

Top 7 RIA takeaways, including some ouches, from Charles Schwab's earnings commentary
Windhaven's reverses are official, Schwab is minting advisors at its 'Wealth Academy' and the ETF 401(k) plan found just one taker but Schwab's asset growth is stellar

Friday 10.17.14
Walter Bettinger: We are fast at work.

What's up with Schwab getting into the robo-style online advice business and is Windhaven the linchpin?
Walt Bettinger's options for building using existing ETF portfolio capabilities or buying one of the many robos in existence point to a no-lose move

Friday 7.25.14
Walter Bettinger and Charles Schwab: It is time to treat the cancer aggressively.

Chuck Schwab and Walter Bettinger issue call to squash flash traders but RIAs question hysteria over the issue
Calling robo-traders a 'cancer', the Schwab execs lash out while Norm Boone and other advisors question whether this is a battle to pick

Thursday 4.3.14
Steve Anderson: None of the consultants are utilizing our business model.

Schwab 'fesses up to Wall Street just how hard winning plan sponsors to its 401(k) ETF platform will be
Convincing plan sponsors and pension consultants to join a ETF paradigm shift to ETFs is a big ask, its executives tell Wall Street

Tuesday 2.18.14
Bernie Clark: Fidelity is half our size and TD is half their size and Pershing is half their size ... It's a long ladder.

Bernie Clark discloses that Schwab Advisor Services hit $1 trillion of assets -- and why the order for commemorative T-shirts is still on hold
The RIA custody leader may find it easier to promote its size as an advantage with a nice round nine-zero number

Wednesday 2.12.14
Bernie Clark will ask for questions. Please oblige him.

10 questions for RIAs to ask Neesha Hathi, Bernie Clark and Walt Bettinger at Schwab IMPACT 2013 in DC
Speeches by outside experts seem less important when Schwab itself, as Mother Ship, is in such a state of flux as it rushes to win HNW investors for its own RIA account

Saturday 11.9.13
Andy Gill: We believe we'll continue to attract affluent clients at an accelerated pace.

Schwab drops pretense: $2-million clients its staple branch diet in bid for fresh $2 trillion
The San Francisco-based broker has named its composite perfect ideal client 'Tobin' -- representing a graying, masculine entreprenuer

Tuesday 11.5.13
Bernie Clark says Windhaven's phenomenal growth has already justified the investment  in it and that ThomasPartners will follow a similar course of success.

A look inside Schwab's second big deal with a small asset manager
Using its RIA custody unit as a talent pool, the San Francisco giant is bringing ThomasPartners into primetime.

Wednesday 10.17.12
Walt Bettinger: They’re not in response to something else that someone has said.

Walt Bettinger strikes back to show that Charles Schwab won't be bested in the brewing ETF price war
The Schwab CEO says that moves are permanent and that ETFs are not a loss-leader for his firm

Friday 9.21.12
Heather Ettinger: This year was 180 degrees different ... [Bettinger's] chemistry with advisors seemed so much better.

Walt Bettinger's comments on threats facing RIAs clinched success at Schwab's EXPLORE 2012
150 top RIA execs with $150 billion-plus in combined firm AUM gathered in Dana Point, Calif., last week

Wednesday 6.27.12
Walt Bettinger: There's hundreds of billions in assets that are not under an advisory relationship.

Schwab adds $2 billion of assets from Windhaven, with RIA help, and another $2 billion of assets from 41 new RIAs
Walter Bettinger lauds the 'fairly rapid growth' of the recent acquisition

Tuesday 5.1.12
Walt Bettinger: This is a whole new ball game when you're a franchise with Schwab

Walt Bettinger explains to Wall Street why some prospects are balking at investing in Schwab franchises
The Schwab CEO tells listeners of the interim update that the $10 million asset-gathering quota is a psychological hurdle -- but one that can be overcome

Friday 4.27.12
Ben Brigeman is leaving as Schwab searches for ways to boost profitability in its retail business.

Ben Brigeman is exiting Schwab and his position atop its retail business -- perhaps portending bigger changes
The San Francisco-based company will have Andy Gill and John Clendening assume the duties

Thursday 2.9.12
Roger Hewins: It was worth being there when you got there.

Schwab EXPLORE goes deep into the Rockies with big RIAs
Top executives from corporate, Advisor Services and Windhaven mingled with advisors representing 5% of RIA assets in U.S.

Monday 6.27.11
Walt Bettinger: Let’s cut through the noise that is out there. A participant spending a career in a program offering an index oriented line up of investments will retire with $115,000 more over a similar participant using actively managed funds.

Schwab's CEO engages in a Q&A about how his company's deep-discount, more-advice 401(k) plan will work
It's the fees and the index approach that's important, Bettinger says -- not that Schwab plans to offer the capacity to trade

Wednesday 2.16.11
Walt Bettinger: The Schwab brand is under-distributed.

Schwab eyes massive branch network expansion using independent operators
Leaner concept could become dominant retail channel for big San Francisco broker

Thursday 2.10.11
Stephen J. Cucchiaro spoke with Chuck Schwab and Walt Bettinger before deciding to sell his company to theirs.

A look inside Schwab's big deal with a small asset manager
Windward sold for a big premium but Schwab may be the bigger winner

Friday 11.12.10
Bernie Clark: I’ve never seen us announce something that has been so universally embraced [as Project C].

A glimpse inside Schwab's EXPLORE conference
The gathering includes big RIAs looking to learn from each other

Tuesday 6.29.10
Walt Bettinger: After the past two years, our clients are thinking more than ever about their financial future

Morgan Stanley report: TD Ameritrade and other rivals may face pricing dilemma after Schwab price chop
San Francisco broker can cut commissions with relative impunity now that it has shifted primarily to fees

Friday 1.8.10
Schwab IMPACT: Advisors come for its punch

The 10 top things to know on the eve of Schwab IMPACT 2009
A fragmented industry gets under one tent

Saturday 9.12.09

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