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Schwab employee 401(k) lawsuit taunts Chuck by using Vanguard as Exhibit A

The San Francisco giant is latest to get hit with legal scourge; Ameriprise and Fidelity already shelled out megabucks to settle claims that their retirement funds underperform and charge a lot to do it – but not Vanguard

Author Janice Kirkel March 8, 2017 at 6:34 PM
1 Comment
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Josh Itzoe: If I’m large plan sponsor but specifically financial services and if I haven’t been sued yet I’m holding my breath.

401(k) Stories


Stephen Winks

Stephen Winks

March 10, 2017 — 12:08 AM
The recent changes in class action protocol that make it very difficult for attorneys to profitably advance class action suits, effectively renders much of ERISA obsolete. The industry's brilliant defense against fiduciary liability wins again. SCW

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November 3, 2022 at 1:59 AM

Walter Bettinger joins Charles Schwab Corp. mass executive exodus, leaving a very complex CEO puzzle to solve for his young, ex-McKinsey successor

CEO grew the company by $8 trillion in assets to 'powerhouse' status amid significant accomplishments -- sans RIA mention -- but shares are sagging, and its bank remains a sore subject.

October 3, 2024 at 10:12 PM

Walt Bettinger discloses expiration of unknown 'pact' to explain to Schwab investors why Bernie Clark, Peter Crawford and Joe Martinetto all chose to exit at once

The 'sort of informal' deal was struck in 2019, but never revealed to shareholders during the merger transition, until the departures were announced -- in one press release -- this month.

May 25, 2024 at 2:45 AM

Another A-list RIA Schwabbie lands on his feet -- this time at DeVoe & Co. -- after TD Ameritrade merger displacement of 2,000-plus

Tony Parkin takes the reins as president of the San Francisco M&A shop and reunites with ex-Schwab boss who left 14 years ago

May 10, 2024 at 1:29 AM

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Mentioned in this article:

Pension Resource Institute, LLC
Compliance Expert
Top Executive: Jason C. Roberts

401khelpcenter.com
RIA Publication
Top Executive: Rick Meigs

Fiduciary Law Center
Legal Services for RIAs
Top Executive: Jason C. Roberts



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