9 questions to ask Schwab execs when you buttonhole them in Boston at IMPACT 2015
$23 trillion of AUM is there for the taking -- but how exactly does Schwab propose help RIAs win that discovered bounty?
Fidelity lands RIA whisperer from Schwab in a coup, apparently using quality-of-life perks as lure
Kelly Smith chose the Boston rival for greater flexibility, better pay and a chance to move upmarket to sell family office services to RIAs that mix with the ultra-high-net-worth elite.
February 10, 2023 at 3:39 AM
RIA recap: Bernie Clark promises to 'be there' for coming TDA-Schwab system snafus; Fidelity gets custody win; Vanguard dishes out big tax bill to investors
Schwab RIA chief petitions for 'patience' for coming merger inconveniences but 'repapering' is no culprit; Carrie Pomerantz gets Schwab board seat; Addepar wins $65 billion AUM contract.
November 3, 2022 at 1:59 AM
Fidelity, others pounce on TD RIAs with a vengeance following Schwab merger, but Schwab finds a white knight to defend its new Texas fort, and, suddenly, Tom Nally's future seems clouded at 'Schwabitrade'
Former TD Ameritrade RIA chief and retail chief Tom Bradley will assist Bernie Clark in instilling trust and applying 'modern' service to the under$100-million crowd during an age of anxiety at both firms
December 10, 2019 at 2:05 AM
Walt Bettinger axes current and former Schwab retail chiefs, Terri Kallsen and Andy Gill; funnels responsibilities to Jonathan Craig, for now
The Schwab CEO is 'restructuring,' which includes cutting the Chairman's Club program that sent 200 top performers to Hawaii on a free junket
July 24, 2019 at 12:53 AM
Q10: Does Schwab really believe that current workplace retirement plans have failed participants because they use TDFs instead of (much more expensive) managed accounts?
Walt Bettinger quoted from this article Schwab’s Bettinger: Tech, Retirement Plans, Disruption Are Keys to Growth
He said current model of workplace retirement plans has failed participants. The target-date fund is helpful, he said, but a “one-factor” model that isn’t suitable for all investors. Giving advisors the ability to give customized advice inside retirement plans with a managed account is the future of 401(k)s, he suggested.
“The current 401(k) system works for the employers, asset managers and record keepers, it works for everyone but the employee.”
There are enough enemies of the 401k system already. Does Schwab need to get onboard that train??
Great journalistic inquiry . If this were done 50 years ago we would not have had 70 years of advisory services neglect..
10. To what extent are profits generated from the Institutional side being used to bolster your activities on your retail side such as your ever expanding interest to build new wealth management centers?
11. Can you continue to honestly say that you continue to not be in competition given the scope of your retail offering these days ranging from Robo to sophisticated advice under your own Schwab Corporate RIA?