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Charles Schwab shares lowered to’hold’ from ‘buy’ by Citigroup analysts
Analysts at Citigroup lowered their recommendation on shares of Charles Schwab Corp. to “hold” from “buy” in anticipation of more tough news from the firm about its short-term earnings prospects.
Schwab’s offering of nine new ETFs may be ‘late to the game’
Charles Schwab Investment Management Inc. has filed papers with the Securities and Exchange Commission to offer nine exchange traded funds.
Schwab 2Q profit fell 31% on lower revenue, special charges
The Charles Schwab Corp. today reported a 31% decline in second-quarter earnings from the year-earlier period, citing low interest rates, restructuring charges and still-weak equities markets.
Schwab to waive fees for its RIAs’ new clients
The Charles Schwab Corp. is dipping into its deep pockets to help independent advisers capture business from full-service brokers.
Schwab waiving fees for new clients of its RIAs
In a move that could create a price war among custodians of registered investment advisers’ assets, Charles Schwab Corp. said today it will waive commissions on electronic equity trades and reimburse account-transfer fees to new clients of independent investment advisers whose assets are held in custody at the San Francisco-based firm.
Schwab trading volume up sharply year-over-year
Charles Schwab Corp. said today that its clients' daily trading volume rose sharply from one year ago, and was up slightly from the previous month.
Head of adviser technology at Charles Schwab departs for SSG Inc.
Dan Skiles, formerly the vice president of adviser technology with Charles Schwab & Co. Inc., today joined Shareholders Service Group Inc. of San Diego, a brokerage and custodial firm for independent registered investment advisers.
Schwab launches upgrades for options traders
Citing a growing interest in options trading, Charles Schwab & Co. Inc. today announced the launch of more-advanced options-trading tools, including screening capabilities and historical-options-price charts for its traders.
Schwab aims to grab index fund assets from competitors
Having slashed its equity index fund fees, Charles Schwab Investment Management Inc. is hoping to undercut its rivals in an attempt to take away index fund assets.
Schwab sets $100 buy-in for funds, lowers equity-indexed fund fees
Charles Schwab Investment Management Inc. has lowered expenses on all of its equity index funds and reduced the minimum investment to $100 across all of its funds.
Schwab sees dollar signs flowing from wirehouse refugees
While new assets heading into The Charles Schwab Corp.'s adviser business slowed in the first quarter, executives for the San Francisco-based company noted that they've had contact with hundreds of advisers — with billions in assets — who are considering going independent.
Schwab reins in target date fund expenses, goals
Charles Schwab Investment Management Inc. today announced changes to its target date fund series, including a reduction in expenses and a shift to a more conservative allocation.
Schwab webcast to address its revised alternatives plan
The Charles Schwab Corp. has scheduled a webcast Thursday to brief registered investment advisers on its revised plans to wind down custody of alternative investments.
Schwab hit by slowing adviser assets
The Charles Schwab Corp. reported better-than-expected first-quarter earnings last week, but buried in the numbers were signs that the headlong growth of the independent-adviser community may be waning, according to some analysts.
Schwab earnings off 29%, but above expectations
Charles Schwab says its earnings fell 29% in the first quarter, but results easily beat Wall Street's expectations.
Fidelity eyes fees for its adviser referral program
Fidelity Investments may lift the free ride it has been giving to registered investment advisers who participate in its client referral program.
Schwab back pedals on alternatives ban
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Advisers see uptick in new assets: Survey
Though advisers’ outlook of the economy over the next six months may be bleak, there is indeed a silver lining, according to a survey from The Charles Schwab Corp. of San Francisco.
RIAs lash out at Schwab hedge fund decision
A consortium of RIAs is “actively looking elsewhere” for custodial partners after Charles Schwab said it would stop accepting custody of alternative investments.
Schwab ends custody of alternative investments
Concerned about liability related to hedge funds, Schwab is telling registered investment advisers that it will no longer accept custody of alternative assets.
