Finra panel denies discount firm’s bid to enjoin broker who jumped to one of its former RIA customers from contacting his former clients.
Competitors’ strategies of cementing retention through teaming fee-based accounts appear to be backfiring, CEO Walt Bettinger tells brokerage firm investors.
Investment advisor allegedly created fake account statements and impersonated a Schwab broker, the regulator said Tuesday.
Schwab accused the advisory firm of trying to steal clients when it hired a former broker from Schwab’s branch network.
The discount brokerage giant says Wisconsin man took list of “HNW” clients with him to Fidelity Investments.
After six years of holding fire amid rock-bottom interest rates and waived fund fees, discount brokerage giant sets off pricing war, led by $2 cut in stock and ETF trading commission.
Discount brokerage executives say DOL fiduciary rule will expose high fees and low advisory account payouts at full-service firms.
When it comes to the “most important measurement of competitive standing,” Schwab is thriving, Bettinger tells investors.
Charles Schwab Corp. does not see itself as being much better off than other broker-dealers grappling with the Department of Labor’s impending fiduciary rule.