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Schwab changes fee structure on fund platform
Some large mutual fund companies including Fidelity Investments and J.P. Morgan Asset Management might have to shell out more money to stay on The Charles Schwab Corp.'s transaction fee platform
McWhinney installed as head of Citi’s Personal Wealth Management unit
Struggling New York banking giant Citigroup Inc. today named Deborah Doyle McWhinney managing director and head of the bank’s newly created Citi Personal Wealth Management unit, which will include roughly 600 financial advisers already in place in retail bank branches throughout the country.
Deborah McWhinney to helm foundation
The ex-president of Schwab Institutional has become CEO and president of the Dennis & Phyllis Washington Foundation.
Is Schwab booting custody clients that hire its brokers?
Like other brokerage firms, The Charles Schwab Corp. is known to be self-protective about its discount brokerage customers. And like other firms, it has sued former brokers whom it suspects of violating prohibitions against soliciting clients.
Being distant No. 2 in custody biz doesn’t faze Fidelity’s Mike Durbin
Mike Durbin, president of Fidelity Institutional Wealth Services, has his work cut out for him.
Another lawsuit filed over Schwab bond fund
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
Schwab’s Peter Crawford: ETF managers need a management fee
Last year, The Charles Schwab Corp. launched its first exchange-traded funds, offering them commission-free
Schwab’s about-face on suit triggers downgrade
FBR Capital Markets downgraded The Charles Schwab Corp. last week on concerns that the company could face more litigation from investors.
Adviser trust biz at Schwab reaches $1B milestone
The Charles Schwab Corp. has pushed quietly past a milestone in its dogged attempts to integrate trust services…
Advisers find clients extremely reluctant to think long-term
Getting clients to think long-term in terms of investing is easier said than done, particularly after the 2008 market meltdown and, more recently, the May 6 flash crash, said financial advisers who attended The Charles Schwab Corp.'s Impact conference in Boston last week
Older workers more confident about retirement stash
Older workers are feeling more confident about their ability to retire comfortably, but younger workers, particularly those with defined-contribution plans, are growing increasingly worried.
SEC slaps Schwab with warning over bond funds
The Securities and Exchange Commission's warning to The Charles Schwab Corp. that it could face civil charges over two fixed-income mutual funds may have a direct effect on current and looming legal actions from investors over losses suffered in the funds.
Revenue metric dropped starkly for RIAs in ’09
It was another tough year to be a financial adviser — or at least that seems to be one of the conclusions of The Charles Schwab Corp.'s RIA benchmarking study.
Charles Goldman to leave Fidelity
Recruited from Charles Schwab Corp., Mr. Goldman will be leaving Fidelity after just one year.
Schwab launches six managed ETF portfolios
The Charles Schwab Corp. last week announced the launch of six managed portfolios of exchange-traded funds available through a fee-based portfolio advisory program.
RBC seeks custodial niche on high end
Now that it has completed its acquisition of J.P. Morgan Securities Inc.'s RIA custody business, RBC Advisor Services is gunning for assets from advisers and breakaway brokers.
Price war heats up as Schwab lowers stock and ETF commission to $8.95
The Charles Schwab Corp. — in a bid to attract more trades from customers who use deep-discount brokerages — plans to lower its commissions on all online stock and non-Schwab ETF transactions to $8.95 per trade.
Schwab launches two new commission-free ETFs
The Charles Schwab Corp. today launched two commission-free exchange-traded funds and released data showing that the first four…
Schwab reverses course on alternatives
The Charles Schwab Corp. has reversed course and will allow advisers to hold in custody additional alternative investments.
Price war heats up as Schwab lowers online commission on stock and ETFs
The Charles Schwab Corp. — in a bid to attract more trades from customers who use deep-discount brokerages…
