Charles Schwab
Serial Litigant Sues to Block TD Ameritrade-Schwab Merger
The lawsuit is at least the third filed by a TD Ameritrade shareholder alleging “materially incomplete” disclosures about its pending sale to Charles Schwab Corp.
RIA Mergers Continue But Coronavirus Slowdown Likely
The record pace of RIA mergers and acquisitions is likely to slow as the pandemic inhibits processes and valuations, bankers say.
TD Ameritrade Shareholder Sues to Stop Merger with Schwab
Lawsuit seeking class-action status asserts that merger registration statements are false because they omit valuation analyses.
Schwab Boosts CEO Bettinger’s Compensation 3% to $16.1 Million
Shareholders will vote on pay and proposals for stronger disclosure of diversity efforts and lobbying dollars at Schwab’s May annual meeting, which will be held online this year.
E*Trade’s RIA Custody Business Faces Uncertain Fate
Morgan Stanley executives appear wary of running an RIA channel that would compete for wealthy clients with its internal advisor force.
Schwab Awarded 16-Month Injunction Against Broker Who Jumped
Virginia advisor who joined an LPL-affiliated firm two years ago agrees to refrain from further calling former clients, even if he had contact information from memory, but avoids monetary penalties.
RIA Salaries on the Rise as Firms Pay Up for New Hires–Study
Experienced advisors on average earned $231,000 in total compensation in 2018, up from $200,000 in 2014, according to a Schwab compensation study
Schwab to Pay for New Accounts, Customize Asset Management Products
To counter competitors, Schwab will offer premium rates on cash and develop “direct” indexing products and special programs for high-net-worth clients, CEO says.
E*Trade Ramps Up Spending in Attempt to Grab Schwab-TD Clients
Discount broker is upgrading RIA servicing technology and its digital platform to take advantage of seismic industry shifts, CEO says.
Schwab Trading Revenue Plunges, Client Assets Hit $4 Trillion Milestone
The San Francisco, Calif.-based discount brokerage pioneer that adopted zero commissions in October, said trading revenue fell 58% in the fourth quarter.
UBS Hires Schwab “Private Client” Broker in Indiana
New advisor who worked with the upper stratum of Schwab clients is teaming with another broker in UBS’s Indianapolis branch.
