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Schwab Q1 revenue tops estimates
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
Tech stocks remain popular as Schwab reports clients making ‘thoughtful’ buys
The firm's trading activity index shows equities in favor despite uncertain data.
Senators introduce bill promoting e-delivery of investment documents
The bipartisan legislation to encourage electronic delivery is broadly welcomed but advisor expresses reservations.
Retail investors begin 2024 on an optimistic note
Main Street investors are feeling bullish on U.S. stocks as confidence in an economic soft landing surges. Schwab survey finds.
Another setback for Schwab as net new assets decline again
The firm saw a year-over-year drop of 65 percent in new asset flows in January, including a steep slowdown in core net new assets.
Edward Jones leads the way in adding CFPs
Other firms that saw big increases in the number of CFP professionals in 2023 included Charles Schwab and Northwestern Mutual.
Schwab clients more active amid equities rally, but what are they buying?
The firm's Trading Activity Index reveals slight uptick in buying.
Schwab saw decline in net new assets in Q4
'No one at Schwab is kidding themselves that everything is perfect right now,' says CEO Walt Bettinger.
Will rising interest rates spark SEC crackdown?
Some broker-dealers are 'in a bit of a pickle' due to how they invested client cash, industry executive says.
RIAs are hiring, but most are also investing in existing staff, Schwab finds
Three-quarters of RIAs surveyed now offer remote work arrangements, and professional development is increasingly cited as a top initiative.
Envestnet rides boom in model portfolios
The firm's platform offers around 2,000 customized products from some 150 asset managers, tapping into rising demand for bespoke portfolios.
RMD data, Schwab communications roil indie advisors post-TD
Advisors who custodied at TD Ameritrade are adjusting to life under Schwab.
Despite issues with Schwab, RIAs from TD stay put
Some advisors don’t like the number of master accounts at Schwab, the phone support or the technology. They’re exploring other custodians but don’t want to repaper.
Schwab cuts more than 2,000 jobs amid TD integration
The firm is trying to curb costs as it continues to integrate TD Ameritrade.
LPL’s Arnold eyes ‘opportunity’ created by Schwab integration of TD
LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.
Another new custodian enters the RIA market
Innovayte is targeting RIAs with $100 million to $800 million in assets and will be led by Catherine “Cat” Davies, a clearing and custody industry veteran.
Gen Z has ambitious retirement goals in face of increasing obstacles, Schwab says
Savers are feeling deflated in face of challenges like inflation, monthly bills and paying for unexpected expenses.
Investing evolves but some principles are evergreen, Charles Schwab reveals
As the firm marks its 50th anniversary, it’s asked for insights from clients old and new.
Edward Jones picks up experienced $289M advisor from Charles Schwab
The advisor was with Schwab for 14 years following a military career.
Schwab says TD integration depressed client inflows
Firm's new money in August 'temporarily impacted by asset attrition from clients originating at Ameritrade,' CFO says in a statement.
