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Articles tagged "OneSource"


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David Root: Schwab would never let Fidelity get too far ahead in any offering so as to lose business.

After Fidelity grabs huge slice of NTF market, Charles Schwab & Co. undercuts OneSource by creating a second NTF program where zero commissions apply to 930 mutual funds for half price

The Westlake, Texas broker will now take a 12- to 19-basis-point fee on the new (institutional no-transaction fee) INTF platform versus the 40-basis-point shellacking by OneSource.

November 8, 2022 at 1:13 AM

Walt Bettinger: I don’t know that I’d go so far as to say that we’re committed to letting anyone and anything on to our platform without regard to the economic implication.

Charles Schwab & Co. makes mutual fund owners fume by denying access to critical RIA asset data; some call it a 'cynical power play;' Schwab calls it a OneSource streamline

CEO Walt Bettinger tells analysts profit-taking and fund consolidation could be looming after $400 million hit from zeroing-out commissions.

November 1, 2019 at 7:42 PM

Scott Smith: Sophisticated investors will realize that saving $5 against 40 or 50 basis points for the total expenses for the year isn't a savings.

Why ProShares yanked ETFs from Schwab's no-commission OneSource ETF exchange

The fund firm puts faith in the drawing power of its own brand -- and saves more than $2 million

April 3, 2017 at 7:04 PM

Walt Bettinger: The retail investor tends not to move as rapidly . . . or certainly doesn’t have a mutual fund sales person calling on them, telling them to move, like you have going on in the RIA space.

Amid hail of DOL questions, Walt Bettinger calls RIAs' draining OneSource 'identified' risk, and explains away LPL/ RBC/BBVA picks of BlackRock FutureAdvisor over Schwab robo

Schwab CEO admits he underappreciated 'brand' barrier in selling Schwab robo on B2B basis, and DOL 'best interest' issue hangs fire

April 22, 2016 at 9:23 PM

Craig Iskowitz: The market is talking and they see their assets going down. The smaller account sizes are becoming the long tail for the wealth management business.

As OneSource asset levels falter, Schwab slashes no-transaction-fee minimum to invest

The San Francisco-based firm is first to create published minimums and all the Big Three custodians point fingers at recalcitrant asset managers

January 22, 2016 at 10:05 PM

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

February 12, 2015 at 10:49 PM

Brian Jacobs: It's a substantial portion of our management fee. It's not coming out of clients' pockets. There's no cost to the clients. They're getting a good deal.

Why ETF sponsors are ponying up big fees to get on Schwab's ETF OneSource in a bid for access to ticket-averse RIAs

Direxion hands over much of its management fee to Schwab, its CEO says, but the rewards are worth the sacrifice

October 9, 2014 at 6:25 PM

Talking to Chuck is likely going to cost you a few thousand more.

Schwab Private Client edges its fee closer to the classic RIA standard

Schwab Private Client jacked its price 20% and its minimum fee jumps 60%

July 4, 2014 at 12:56 AM

Paul Weisbruch questions whether Schwab is providing the same apparent ETF value once trading spreads are figured in.

Schwab makes play for ETF-distribution domination but not without risks

Low margins, a small list of ETFs, plenty of competition and possible trade-spread issues make this OneSource bid no slam-dunk

February 8, 2013 at 5:03 PM

Scott David: We said: how can we make this happen?

Schwab and T. Rowe Price finally strike a OneSource deal with help from an ex-Fido exec

Scott David has only just arrived at the Baltimore mutual fund giant from Fidelity in May and he's already pulled off a coup that was 20 years in the making

October 31, 2011 at 12:39 AM

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