News, Vision & Voice for the Advisory Community


Schwab spills robo-beans to Wall Street, including a Schwab Bank wrinkle, cannibalization rates and the algorithm's distaste for OneSource funds

Calling Schwab Intelligent Portfolios a $400-billion opportunity, Walt Bettinger boasts of his own four-minute sign-up

Author Lisa Shidler February 12, 2015 at 10:49 PM
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Teri Kallsen: We've got OneSource and we've got the scale to get to market quickly. This will disrupt our competitors. They may try to copy us as we've seen in the past.



February 13, 2015 — 3:56 PM

Sooo… When will it be released to the public?

Jay Healy

Jay Healy

February 16, 2015 — 3:33 PM

I think Schwab is more likely to cannibalize itself rather than well positioned RIA/wealth managers.



February 19, 2015 — 7:14 PM

Haha, $400 Billion, they must be joking? The Robo-Advisor 2.0 movement will wipe them out! https://www.hedgeable.com/blog/2014/12/we-dont-need-robots-introducing-the-digital-wealth-manager-2-0/

Related Moves

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

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