Displaying 48 results
Direct indexing gains appeal as taxable losses mount
Technology platforms evolve quickly to give financial advisers tools to help clients mitigate the tax hit as financial markets decline.
SEC hits Schwab robo-adviser with $187 million fine
Charles Schwab Corp. has agreed to pay $187 million to settle charges from the Securities and Exchange Commission that the discount brokerage did not disclose how its robo-adviser used large cash holdings in client portfolios to generate revenue.
Judge tosses class-action complaint against Schwab robo-adviser
A Northern California District Court judge dismissed a class-action lawsuit alleging Charles Schwab’s Intelligent Portfolios violated its fiduciary duty by over-investing clients in cash.
Citadel Securities, Virtu form crypto plan with Fidelity, Schwab
The crypto offering, still in its early development, could be available late this year or early next.
Schwab sued over payment for order flow
Three clients allege the brokerage didn’t give them the best prices for their orders.
Policy trumps democracy for most lobbyists ahead of midterms
Many trade groups representing financial advisers have donated to at least one lawmaker who objected to certifying the 2020 presidential election.
Black investors prefer Black advisers. What happened to being ‘color-blind’?
The Ariel-Schwab Black Investor Survey quantifies a strong preference by Black investors to work with advisers who mirror their identities.
Two years later, financial services firms still searching for balance on remote work
Some of the biggest brands in wealth management are trying to figure out what normal looks like, and how and whether it makes sense to bring employees back to the office.
Schwab goes off script with crypto ETF filing
The index-based strategy, which has been described as 'baby steps' into the crypto space, will not offer direct exposure to digital currencies.
The confusion over crypto assets
Clients are demanding access to digital assets. But how — and when — will brokers be able to sell them?
Schwab on track to begin TD account transitions
The process of switching investment accounts from one firm to the another is one of the most anxiety producing events in the work life of a financial adviser.
Schwab posts record earnings as retail trading powers on
Customers added 1.2 million retail brokerage accounts during the third quarter, almost double the number added in the year-ago period.
Managing operational risks at growing advisory firms
As changes bring about increased risks, RIAs need to recognize that insurance is a vital component of their risk management strategy.
Schwab boosts pay, pushes return-to-office plans to 2022
The brokerage joins other large financial firms in boosting salaries after more than a year of working through the pandemic. The pay raise, affecting most of Schwab’s 32,500 employees, will take effect in late September.
Schwab cuts 200 more jobs amid TD Ameritrade acquisition
It's the second round of announced layoffs after last year's mega merger. In October, Schwab said it was laying off 1,000 employees, or about 3% of the combined workforce.
Schwab’s customer service tests advisers’ patience — and loyalty
As the brokerage navigates the cumbersome undertaking of acquiring thousands of advisers from TD Ameritrade and more than $6 trillion in assets, the broader custody industry is not sitting idle waiting for the fallout.
Schwab ends political donations permanently
The brokerage said a "hyper-partisan environment" led to its decision to stop contributing to political campaigns. However, the company will continue to lobby lawmakers in Washington.
Competition outpaces COVID-19 woes for RIAs
The majority of advisers say new entrants are the most concerning barrier for growth, according to Schwab's Independent Advisor Outlook Study
FPA moves annual conference online
The association joins large wealth management firms, like LPL Financial and Schwab, in hosting virtual gatherings during the pandemic
Schwab and Envestnet Yodlee strike deal on data sharing
Clients will be able to connect with 1,200 providers on the data aggregator's platform
