Tagged: schwab

June 13, 2022 @ 11:07 am By JD Alois  |  

The Charles Schwab Corporation (NYSE: SCHW) has commented on the settlement with the Securities and Exchange Commission (SEC) pertaining to Robo-advisor offerings and allegations of undisclosed fees and poor performance. Schwab stated via a release: “Schwab has resolved a matter with the SEC regarding certain… Read More

June 13, 2022 @ 9:36 am By JD Alois  |  

The Securities and Exchange Commission (SEC) charged three Charles Schwab investment adviser subsidiaries for allocating client funds in a manner that their own internal analyses showed would be less profitable for their clients under most market conditions. Schwab has agreed to pay $187 million to… Read More

January 5, 2020 @ 3:05 pm By Omar Faridi  |  

Pennsylvania-based Vanguard, a registered investment advisor with over $5.3 trillion in assets under management, announced on January 2 that it will be introducing zero-fee online stock and options trading to all Vanguard Brokerage clients. As mentioned in a release, this expands Vanguard Brokerage’s commission-free platform… Read More

November 25, 2019 @ 7:59 am By JD Alois  |  

As predicted last week, online broker Charles Schwab (NYSE:SCHW) has announced the purchase of TD Ameritrade (NASDAQ:AMTD) in a deal worth $26 billion. According to Schwab, the all-stock transaction represents a 17% premium of TD Ameritrade’s average share price as of November 20, 2019. Shares… Read More

November 21, 2019 @ 7:33 am By JD Alois  |  

Two titans in the online brokerage space are preparing to merge, according to multiple reports. Schwab and TD Ameritrade are poised to combine operations in a deal that could be finalized as soon as today for an estimated $26 billion purchase. The move to consolidate… Read More

November 1, 2019 @ 3:09 pm By JD Alois  |  

Schwab (NASDAQ:SCHW), via a new service called Schwab Alternative Investment Marketplace, is pushing forward into the realm of digital offerings of alternative securities like private equity offerings. The marketplace will provide easy access to “alts” for registered investment advisors. Schwab has inked a partnership with… Read More

September 9, 2019 @ 11:02 pm By Cali Haan  |  

Investing giant Charles Schwab has no intention of adding cryptocurrencies to its platform for registered investment advisors (RIAs) “at this time,” Rob Farmer, Schwab’s managing director for corporate communications, has told RIAbiz. “Investors should view these currencies as a purely speculative instrument,” he added. Crypto-reticence… Read More

October 23, 2017 @ 3:31 pm By JD Alois  |  

SoFi (or Social Finance) held talks with Charles Schwab about a potential acquisition earlier this year. The high-profile Fintech firm apparently discussed an $8 billion valuation following an “indicative offer of $6 billion” from a foreign bank. This is according to a report in the… Read More

December 3, 2014 @ 2:30 pm By Erin Hobey  |  

After reading Orchard Platform’s Bill Ullman elegantly deliberated “Is Fin-Tech History Rhyming Again?” on the platform’s blog last week and prepared for Thanksgiving, I wondered how the early days of online trading revisit fintech and crowdfunding disruption innovation.  While prepping for last week’s feast, I… Read More