Results for "wirehouses"

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Schwab cuts prices - for some investors

February 16, 2004

Charles Schwab & Co. Inc. is making some big pricing changes, but read the fine print. The San Francisco-based broker is cutting its sacred-cow commission price of $29.95 to $24.95 effective March 1, under certain conditions. The 16.7% reduction...

SEC may reignite debate over advice

February 2, 2004

The Securities and Exchange Commission, looking at an industry where the traditional line between stockbrokers and investment advisers has blurred, is considering a proposal that would apply similar standards to both. In an interview, SEC commissioner...

Schwab's referrals drying up?

February 2, 2004

While Charles Schwab & Co. Inc.'s nationwide referral service for financial advisers is going like gangbusters, some worry that the program is rapidly running its course. Schwab's Advisor Network program handed $5.8 billion in client assets...

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