Articles tagged "Charles Schwab & Co."
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As Motif exits stock-bundle game, Schwab piles in with 'Slices,' fulfilling a pledge to offer free fractional shares
The San Francisco broker is reaching for Gen Z and Gen Alpha investors -- with RIAs, thus far, showing little interest, it says
May 6, 2020 at 3:27 AM
Charles Schwab spends an extra $27 million on staff amid Covid-19, $37 million spent to keep three M&A deals chugging ahead
The San Francisco broker paid cash in March to workers amid challenges of the pandemic as trading exploded, retail calls spiked 16%
April 18, 2020 at 6:45 PM
Schwab's merger with TD Ameritrade was sterling until the Covid-19 pandemic and financial collapse took some of the shine off the deal
Charles Schwab & Co.'s decision to buy TD Ameritrade Holding Corp. in Nov. 2019 looked like a lock, but 'Schwabitrade' has been rocked by wholesale branch closings, plummeting share prices and emergency rate cuts to near zero.
April 14, 2020 at 11:13 PM
COVID-19 crushes RIA conference schedule; 100 gatherings are in jeopardy along with the bottom lines of publications and organizations
Pershing INSITE is the latest biggie to cancel and firms are all over the map about when it'll be 'safe' for more than 10 people to gather at any one time.
April 14, 2020 at 5:58 AM
Why Charles Schwab staffers are still waving COVID-19 red flags even after Walt Bettinger capitulated to allow most of them to work at home
Schwab employees cite outdated phone systems, using vacation days to stay safe and confusion, but firm says CEO is contending with unrevealed Homeland Security regs that supersede germ fears
April 1, 2020 at 3:44 AM
Under withering staff pressure, Walt Bettinger course corrects to shut all Schwab branches and to let Charles Schwab Corp. non-branch employees work from home
The Schwab CEO is also coughing up a $1,000 comp check to each staffer and the company is still contending with makeshift technology to enable employees to work from home, but it may have had a breakthrough today -- making its choices easier
March 19, 2020 at 1:21 AM
As COVID-19 crisis grows, Schwab charts own course, orders office workers to stay put, while Fidelity, other firms urge employees to work from home
Fidelity CEO Abby Johnson tells 45,000 staff to stay home, if possible; Schwab CEO Walt Bettinger says it's neither practical nor technologically feasible for most of his 19,000 staff to telecommute
March 16, 2020 at 4:09 PM
Mark Tibergien sets up Ben Harrison to challenge Schwabitrade with a $150 million cut to Pershing's minimum and millions more to develop Veo-busting technology
The CEO suite hand-off in Jersey City pulls a trigger on a plan to bypass Fidelity's and eventually Schwab's custody units by luring disaffected RIAs.
March 11, 2020 at 7:58 AM
E*Trade, TD Ameritrade and Legg Mason deals look dicier, after share crashes crush market caps of merging firms
Schwab and Morgan Stanley are using their stock as currency; Franklin Resources is buying Legg Mason, mostly with hard cash
March 9, 2020 at 11:22 PM
With USAA and TD Ameritrade deals pending, Schwab also resumes its SMA roll-up after eight-year hiatus with Wasmer, Schroeder deal
The San Francisco broker is purchasing a $10.5 billion bond manager after buying Windhaven in 2010 and ThomasPartners in 2012
February 26, 2020 at 2:50 AM
James Gorman delivers chilling remarks to E*Trade RIAs after doing no-money-down deal for the zero-commission discount broker
The Morgan Stanley CEO is arbitraging his puffed-up shares for downtrodden E*trade stock and admits old Trust Company of America custody unit is an afterthought in bigger game
February 21, 2020 at 3:45 AM
Fidelity Investments will broaden custody fees in July, while Schwab counters with pledge: 'No custody fees and no intention to raise them'
The Boston giant adds a few hundred advisors and opt-out safety valve and really had no choice in zero commission world, analysts say
February 14, 2020 at 3:17 PM
After a decade of 'hybrid' RIA mish-mash, LPL Financial has a double-barreled '100%' RIA plan that is presumed to include 'Schwabitrade' style asset custody and a 'Dynasty' style premium back office offer
The nation's largest independent broker-dealer is finally going on RIA offense, which may prove to be a good defense upmarket and downmarket.
February 13, 2020 at 4:33 AM
Schwab execs all but dash RIA hopes for TD Ameritrade VEO One survival by pitting the open-API platform against expediency and an admitted pro-Schwab bias
Schwab COO Joseph Martinetto scoffs at 'platform-by-platform' cherry-picking of Schwab and TD systems: 'That will just take too long.'
February 7, 2020 at 6:47 AM
Fidelity beats Schwab to market with free fractional share trading, after Schwab beat Fido by months with promises, but has yet to deliver
The Boston-based giant is reporting the capability simultaneous with its launch -- albeit not for RIAs, for now
