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Bernie Clark uses Schwab IMPACT 2017 as pulpit to preach Schwab scale as firewall to blaze of dystopian big-data future

With no RIA deliverable to pitch, Charles Schwab & Co. execs presented their go-big, 'no goals' vision for managing accelerating external change

Author Guest Columnist Timothy D. Welsh November 17, 2017 at 10:45 PM
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Bernie Clark: We are at an inflection point where new technology craves data, a scenario where incumbents have the advantage.

Stephen Winks

Stephen Winks

November 18, 2017 — 4:30 PM
The Schwab leadership is speaking of a disruptive low-cost advisory services utility which supports expert fiduciary standing. This is a massive departure from conventional brokerage and may be more easily executed by Google and Amazon which do not fear (1) streamlining cost, (2) eliminating institutionalized advisory services inefficiencies. (3) adoption of expert prudent process simplifying advisory services, (4) advancing a more approach to portfolio construction. SCW

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