Q4 Earnings: Schwab Meets Expectations, Reports Weakening Sales and New Assets
Charles Schwab said Wednesday that its net income in the fourth quarter of 2011 grew 37% vs. the year-ago period, meeting analysts’ expectations.
Q3 Earnings: Schwab Misses Estimates as Average Revenue Per Trade Falls
Net new assets in Advisor Services totaled $10.6 billion, a 33% year-over-year increase and no change from the second quarter of 2011.
Schwab’s Clark Apologizes, Explains Plan Sponsor Controversy
In an interview with AdvisorOne on Friday, Bernie Clark Executive, Vice President of Schwab Advisor Services, admitted it was a mistake to send a letter sent from Schwab Retirement Plan Sponsor Services directly to plan sponsors without first informing the company's RIA affiliates. Clark explained the communication was sent to...