Schwab Throws Down Low-Cost Gauntlet on Target-Date Funds
The ETF-based funds will cost retirement plan investors only 8 basis points, which could prompt other fund giants to cut fees even further.
Recruiting Roundup: Dynasty, LPL Affiliates Add Advisors
Meanwhile, Akron, Ohio-based Sequoia Financial Group says it is merging with RAV Financial to form a team with $3 billion in assets.
5 Ways to Make the Most of Slow Growth: Kleintop
Despite sluggish productivity growth, advisors and investors still can find bright spots in different sectors and countries, the Schwab strategist says.
UBS Partners With SigFig on Tech Platform
The Americas wealth unit has decided not to go it alone when it comes to digital offerings; no robo-advisor is planned.
Robo Takeover of Advice Industry Is a Myth, Morgan Stanley Tech Exec Says
The key challenge for financial firms is meeting the expectations of both advisors and clients, not competing with robos, Chief Digital Officer Naureen Hassan said.
Best Full-Service Investment Firms Ranked by Investors: J.D. Power — 2016
Overall satisfaction has weakened across full-service broker-dealers, the survey finds.
Get Ready for Another Wild Ride in Q2: Schwab Strategists
Liz Ann Sonders, Brad Sorensen and Jeffrey Kleintop say to expect market conditions similar to Q1, including plenty of volatility.
Ladenburg Thalmann Rolls Out Robo-Advisor
Reps in Ladenburg’s network, which includes Securities America, Triad, Investacorp and other IBDs, can offer automatic investing to clients with as little as $500.
What Doesn’t Kill Bull Market in S&P 500 May Make It Stronger
“This pervasive pessimism, skepticism and unwillingness to invest” is unusual for a bull market, Liz Ann Sonders said.
How to Protect Clients’ 401(k)s in Messy Markets
You can navigate the current stock selloff to expand your household AUM to include 401(k) plan assets within self-directed brokerage windows, Ric Lager says.