401(k) Fee Transparency: Best & Worst Providers
Dalbar and Research magazine conducted an in-depth study of the new ERISA 408(b)(2) disclosure rule, providing rankings in key categories of big providers.
Chuck Schwab: We’ll Go Over Cliff, but Let’s Move On
In conversation with Maria Bartiromo and the brains behind KKR, Chuck Schwab talks alternative investments, one benefit of Dodd-Frank, and why he’s willing to write a bigger tax check.
Schwab’s Sonders: Election Gives ‘No Clarity’ on Fiscal Cliff; Townsend on Dodd-Frank
If Congress and Obama don’t show they can “play nicely in the same sandbox,” consumer confidence would suffer and there would be a real risk of a modest recession, Schwab’s chief investment strategist says, though she still sees some silver linings post-election.
New Hire Roundup: Aberdeen Adds NYC Office
This week in new hires, MFS Investment Management welcomed Philip Stewart and promoted David Bryant; Leslie Voth was named CEO at Pitcairn; and Michael Millman joined U.S. Bank’s Private Client Reserve in San Francisco.
SEC, FINRA Enforcement Roundup: Schwab's BrokersXpress Hit With Another Fine
FINRA and the SEC recently took action against a number of firms for everything from fraud to supervisory failure that in some cases cost the firms dearly.
Economy’s Been Down So Long, It Looks Like Up: Schwab’s Liz Ann Sonders
In her keynote speech at the Morningstar ETF Invest conference, Sonders asserted that she’s a contrarian, so the pessimism she hears “is music to my ears.”
FINRA Files Complaint Against Schwab for Asking Customers to Sign Waiver
FINRA announced Wednesday that it had filed a complaint against Charles Schwab & Co. charging the firm had violated FINRA rules by requiring its customers to waive their rights to bring class actions against the firm.
RIAs Seeking More Risk in Fixed-Income ETFs: Schwab
RIAs looked for safety in their fixed-incom ETFs in 2011, but this year they may be willing to take on more risk, said Charles Schwab analysts in an ETF update on Friday.
Fed Expected to Stand Pat on Rates, QE3 at Meeting
Fed policymakers are expected on Wednesday to keep interest rates at historic lows and to make no plans for a third round of quantitative easing.
Schwab Announces New Franchise Program for Independent Advisors
Offices will offer same products, pricing, and service as company-managed branch locations, but with ‘independence.’