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Showing 1 - 10 of 30 results for "Charles Schwab"

Charles Schwab fails consumers, cops fine

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
Charles Schwab UK has been fined $15.6 million for failing to protect consumers and lying to the regulator. CSUK has to cough up GBP8.96 million for a number for safeguard and compliance failures, the UK's Financial Conduct Authority has found, noting ...

ETFs undermine product comparison: Research

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
The proliferation of products in the booming exchange-traded funds market is confusing investors and making it impossible to make like-for-like comparisons. New research from the US shows the exchange-traded product industry operates opaquely on many ...

Global ETF leaders push for reform

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... investors. In a proposal to US stock exchanges in mid-May, BlackRock, Vanguard, State Street Global Advisors, Invesco, Charles Schwab and Fidelity Investments, pushed for a new taxonomy for ETPs. The "industry coalition" proposed ETPs be separated into ...

COVID-19 creates case for robo-advice

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... around how scaled personal advice could work," Garrett said. He pointed to J.P. Morgan, Goldman Sachs, BlackRock, Charles Schwab and Fidelity overseas each offering a low-touch, low-cost digitally led investment management service as proof of its potential ...

Vanguard pilots new robo offering

ELIZABETH MCARTHUR  |  THURSDAY, 19 SEP 2019
... be 0.20%. That makes it significantly cheaper than Vanguard Personal Adviser Service's annual cost of 0.30%. Charles Schwab has taken low-fee robo-advice to another level though, charging a US$300 for enrolment and then a flat US$30 a month advisory ...

Charles Schwab reverses out of Australia again

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... Drysdale will close next month but the company will continue to service Aussie clients through US operations. "Charles Schwab has made the decision to close their Australian office. However, Charles Schwab will continue to serve their Australian customers ...

Subscription advice brings in US $1 billion

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
Since introducing subscription-based pricing at the end of March, Charles Schwab's Intelligent Portfolios Premium has added US $1 billion in new assets under management. In a statement, Charles Schwab said it sees these early results as proof the move ...

Parametric bolsters leadership

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... replacing Jennifer Sireklove who is now managing director, investment strategy. Le Berre joins Parametric from Charles Schwab Investment Management, where she was director of investment stewardship and spearheaded proxy and corporate governance initiatives. ...

First-mover advantage key to smart beta ETFs

MICHELLE BALTAZAR  |  MONDAY, 9 JAN 2017
... posted more than $43 billion in net inflows in the year to November 2016, followed by Vanguard with $16 billion and Charles Schwab Investment Management with $6.2 billion. While the barriers to entry are low for new products, challenging the incumbents ...

Even the wealthy are turning to robo-advice

MARK SMITH  |  FRIDAY, 12 FEB 2016
... Management in the US, Kendra Thompson. She told Bloomberg about 15% of those in automated portfolios at US brokerage Charles Schwab have at least $1 million invested with the company. "It's real money moving," Thompson said. "You're seeing experimentation ...
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