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Articles tagged "Schwab"


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Charles 'Chuck' Schwab is cleaning his Schwab house but mudballs roll downhill and small RIAs say they are already paying a service-level price.

Schwab sends most RIAs to 1-800 custody service -- a downgrade the mass of incoming TD Ameritrade RIAs will have to swallow

The Charles Schwab Corp. is taking relationship managers from RIAs with less than $200 million in AUM, a threshold that thousands of TD RIAs will cross next year along with other presumed merger integration glitches

December 3, 2019 at 4:09 AM

Knut Rostad: RIAs must also say what non-fiduciaries don't, won’t or can't do. They must highlight tasks that, in fact, many non-fiduciary firms won’t let their brokers perform.

Where RIABiz's view of RIAs as oases-of-ethics bumps up against the Merrill Lynch & Co. mirage -- and why that mirage is still so effective

Fiduciary watchdog Knut Rostad warns that RIAs must zealously expose wirehouses tricked out in best-interests-of-the-investor drag

January 6, 2017 at 6:33 PM

Jasen Yang: When 90% of financial institutions are 'figuring out our strategy,' the process is not working.

Why legacy firms that buy robos in haste show no signs of urgency after they take title

Too much hustle and ambition can be as harmful as too little, according Jasen Yang's closely argued analysis

September 1, 2016 at 10:30 PM

Tom Heffernan: I automate as much as I can. I can onboard 1,000 accounts today. Just automate so much of what we do that we don't have to add staff.

How a Schwab cast-off became a niche custodian for RIAs who like to trade options

MoneyBlock emerged from BrokersXpress after the San Francisco broker bought it but didn't want IBD reps in its mix

July 13, 2016 at 8:51 PM

Kunal Vaed: This is not a me-too solution. We were careful not to start when the others came out.

E*Trade finds now the right time to launch its e-advice robo with an 'active' twist

The New York-based discount broker means to put $1-million minimum-bogey institutional funds in the hands of retail investors

July 8, 2016 at 11:11 PM

Tom Kimberly: Given the magnitude of today's news and the corresponding market reaction, we have elected to suspend trading during this initial period of increased volatility.

Betterment shut down trading post-Brexit to dodge 'trading blindly into extraordinary volatility'

The New York-based robo takes a 150-minute time-out saying to do otherwise would have been 'irresponsible'

June 24, 2016 at 7:08 PM

Neesha Hathi was coy about whether the 500 RIAs using Schwab's robo have contributed to the 'well over'  $7 billion of assets attributed to it.

What Neesha Hathi told the In|Vest 2016 in NYC crowd in her debut as Schwab robo chief -- and how she elicited one gasp from the crowd

Though declining to offer a glimpse of the future, Hathi surprised with stats showing Schwab is succeeding against the upstart robos with older, less web-savvy customers

June 17, 2016 at 8:58 PM

Robb Baldwin: Dealing with advisors who require lots of effort with very little assets, you realize that some of the greatest risk you end up facing is from small advisors.

The non-Big Four RIA custodians, no longer runts but stunted in growth, are applying tougher love to hobbyist RIAs

In part one of a three-part series, we examine how seven small custodians -- starting with Trade PMR and Scottrade -- are evolving away from the Utopian model of 100% inclusivity

June 7, 2016 at 10:14 PM

Irwin Stein: Those crickets you heard from those quarters in the wake of the DOL rule's publication constituted stifled jubilation.

A veteran of securities law killed his weekend reading all 1,000 pages of the DOL rule -- and has a takeaway to share

Despite reassuring words, the rules steer ill-done-by investors down that dark alley of FINRA arbitrations where complaints go to die

April 13, 2016 at 9:30 PM

John Clendening: I saw this unbelievable potential in this business.

Schwab's former retail chief ends garden leave with two new gigs -- as chief of HD Vest holding company, and as Betterment CEO's operations confidante

John Clendening is now CEO of Blucora and a director at Betterment -- and a new resident of Bellevue. Wash.

April 12, 2016 at 9:58 PM

.Bernie Clark: We're quite proud of that [$1 trillion].

Why Schwab execs are 'proud' of holding at $1-trillion custody mark first achieved in 2013 -- and what makes them pleased with its existing 25% RIA custody market share

Candidly canvassing 2015 dings -- including a $12 billion RIA defection -- Walt Bettinger seems at peace with vigilantly guarding Schwab's mighty quarter of the RIA asset pie

February 22, 2016 at 6:43 PM

Terri Kallsen: Clients need you, they need to see you, they need to talk with you. So only 50% of our clients are currently in an assigned practice where they are getting that regular conversation.

Schwab's grand plan to alleviate its 300-to-1 customer-to-advisor crunch gets indefinitely shelved

The San Francisco-based broker has also toned down its talk of branch expansion -- even as Fidelity, at 190 centers, gains on Schwab

February 16, 2016 at 8:45 PM

Naureen Hassan's departure from Schwab did not necessitate a replacement nor did she take anyone's place at Morgan Stanley -- unless you want to say she replaced Greg Fleming.

What exactly to make of Morgan Stanley poaching robo-talent Naureen Hassan from Schwab on the heels of Greg Fleming's departure

Sure she brings the Schwab robo playbook -- albeit the Reader's Digest version -- but insiders say Jim Rosenthal may have bigger reins for her to take

February 4, 2016 at 9:56 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

The 2014 RIA hype frenzy may have peaked when suddenly Tony Robbins was everywhere.

Why the RIA business starts 2016 without its swagger: 2014 and 2015

What's hot right now? Almost nothing and nobody. But it might be a 'healthy correction' of equilibrium

January 11, 2016 at 11:42 PM

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