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Articles tagged "Charles Schwab"


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Manish Khatta: It's fair that ETFs start paying their way for access to assets.

Focus triggers Moody's by fighting debt with debt • Fidelity's new ETF fees work magic • Schwab opens Milwaukee 'flagship' • RIAs may lose billions to 'widowgedden,' says Krawcheck

Focus leverage ratio rose again; Moody's dings • Fidelity shores-up ETF marketplace revenues • Schwab backs brick-and-mortar • Krawcheck claim puts $53 trillion in question

June 5, 2024 at 2:21 AM


Charles 'Chuck' Schwab and Walt Bettinger: Focusing on ‘unrealized losses’ is very misleading.

Schwab assures it has financial muscle to shrug off billions of dollars in unrealized bank losses, but interest rate blunder exposes vulnerability if Fed hikes continue, analysts say

An estimated 16,000 RIAs with $3.3 trillion assets custodied at Schwab Advisor Services should be insulated from any calamity at bank subsidary.

March 30, 2023 at 3:48 AM

Marc Dobin: Schwab believes in the righteousness of their cause, and they've been rewarded for this.

Charles 'Chuck Schwab' called James Gorman to protest a two-broker poach, kicking off a hydra-headed legal battle, costing Morgan Stanley millions, so far

The Schwab founder and chairman invoked Charles Schwab Corp.'s zero-tolerance policy against Wall Street -- or RIA -- poaching of talent and AUM from Schwab branches.

March 9, 2023 at 1:23 AM

Walt Bettinger: We think we'll unearth all sorts of relationships.

Charles Schwab Corp. boasts 99.9% success with (likely) mock conversion of TD Ameritrade data to its own systems on eve of going live, and a hidden bonus -- $500 billion in held-away TDA assets ripe for the picking

First 500,000 TDA accounts will convert to Schwab this month with the promise of little to no repapering, but Schwab braces, nonetheless, for Murphy's Law.

February 2, 2023 at 3:04 AM

Walt Bettinger and Chuck Schwab co-hosted the virtual annual meeting last year and tweeted out this photo.

Chuck Schwab reveals Part B, doubling-down on Walt Bettinger by making him co-chair, a day after Part A -- wagering $15 billion from the Schwab corporate treasury on the CEO's future leadership

The 84 year-old founder's elevation of his 61-year-old protege may foretell bigger fireworks from Rick Wurster who recently took over many of Bettinger's CEO duties, one executive recruiter says.

July 30, 2022 at 12:41 AM

Chuck Schwab: 'We see these actions as part of an overall evolution of the Schwab story.'

After paying $22 billion of shares to buy TD Ameritrade, Chuck Schwab is preparing to spend $15 billion in hard cash to buy his own 'Schwabitrade' stock-- spiking shares in after-hours trading

The all-stock 2020 transaction for the Omaha, Neb. rival left plenty of dry powder to do a massive share buyback -- and signal bullishness about the ongoing, unseen systems integration

July 28, 2022 at 4:21 AM

Goldman Sachs analyst added Schwab to its 'conviction list' -- more evidence Chuck's business model rocks. .

A Goldman Sachs analyst declares Charles Schwab & Co. stock a 'conviction' buy, after another year of Goldman inching its wealth model toward Schwab's

The New York City investment bank's researcher said Wall Street is failing to grasp just how valuable the discount broker's franchise will be as interest rates begin to normalize.

April 7, 2021 at 10:20 PM

Schwab moved to Westlake for glassy, commodious digs but it'll hold off on embracing the Covid-19 all-clear from Texas.

Schwab and Fidelity join other Fortune 500-size companies, sticking with CDC guidelines and declining the Texas roll-back of COVID-19 restrictions

The two retail finance giants keep restrictions on thousands of staff in Texas even as governor nixes mask mandate and opens businesses 100% in the name of business interests.

March 6, 2021 at 5:03 AM

Schwab: 'It is a sad byproduct of the current political climate that some now resort to using questionable tactics and misleading claims to attack companies like ours.'

Charles Schwab Corp. zigs, then zags to get out from under Trump riot scandal, shuttering PAC for good after suspending contributions; money headed for charities

The Westlake, Texas company is dismantling and liquidating its PAC after 'questionable tactics and misleading claims' forced its hand, it claimed.

January 14, 2021 at 3:41 AM

Joe Martinetto: Our combined branch footprint ... will be larger ... and 90% of our clients will have a branch within 25 miles, up from 80%.

Charles Schwab shutters 79% of TD Ameritrade branches -- though 140 will cohabitate with a next-door Schwab branch -- and refers legacy TDA assets to legacy TD RIA custody clients

The San Francisco retail brokerage will keep 400 branch addresses and no legacy Schwab assets will get referred to a 'TDA' RIA for now.

November 11, 2020 at 12:27 AM

Walt Bettinger (left): 'Being a challenger defines who Schwab is as a company.'

The Schwab-TD Ameritrade merger creates one big identity crisis; Is it still a self-proclaimed 'challenger,' per Walt, or 'unbelievable fortress,' per Chuck?

CEO Walt Bettinger calls his company a 'challenger' six times in quick succession; but Chairman Chuck Schwab insists his firm now has no equal

October 8, 2020 at 3:40 AM

Abby Johnson:  '[We] are now joining with several financial institutions to accelerate the availability of a secure, transparent and more reliable network.'

Tired of having their screens scraped, Schwab and Fidelity launch API initiatives to curtail the practice -- rewarding some, but not all scrapers with cleaner data

Opening up their APIs gives both powerhouses the ability to share data while also making it more secure -- it also puts them back in the driver's seat in choosing who gets it.

May 29, 2020 at 4:45 AM

Scott Ignall: Fidelity’s size, private structure, and leading positions across various marketplaces  are unmatched. in our industry and put us in a unique position to deliver greater value.

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

February 1, 2020 at 8:27 AM

Andy Rachleff: 'We realized [a high-yield checking account] is a better entry point than an investment account.

After Andy Rachleff explains Wealthfront's corrective to banking, Jon Stein told how Betterment is investing heavily in banking but mindful of 'frothiness'

The Redwood City, Calif.-based robo-advisor co-founder explained the banking pain points at InVest West and the New York-based robo co-founder told of a $1B banking week but exulted more about RIA custody

December 6, 2019 at 11:48 PM

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