Charles Schwab
Schwab Gets Client Data Back from Dismissed Employee, Settles Age Suit from Another
Broker fired after 19 years agrees to permanent injunction against soliciting former clients, while ex-relationship manager in Schwab’s RIA unit settles her discrimination suit.
Opinion: Schwab’s Zero Commission Decision Challenges Its RIA Clients
There’s a showdown looming between financial advisers and the custodians that safeguard their clients’ money.
UPDATED: Merrill Edge Won’t Mimic Schwab’s Zero-Commission Offer–Executive
Bank of America-owned online brokerage unit may enhance relationship-based pricing model but won’t extend free trading across the board, says Edge CEO Aron Levine.
With $0 Fees, Schwab Risks Blowing Up Brokerage Model It Built
On Tuesday, Schwab said it will eliminate commissions on trades for all U.S. stocks and exchange traded funds.
Charles Schwab to Drop Online Stock, ETF Fees in Price War
Charles Schwab Corp., in an escalating price war with rivals, plans to reduce U.S. stock, exchange traded funds and options online trade commissions. Shares fell the most in three years.
Schwab Wins Suits Against Brokers in Texas, Nebraska, Dismisses Another Claim
Advisors in Texas and Nebraska last week agreed to stop soliciting their former clients, but Schwab and Fidelity Investments also last week withdrew complaints against breakaway brokers in Wisconsin and Connecticut.
Schwab to Cut 600 Jobs on ‘Challenging’ Economic Climate
Charles Schwab Corp. said it is cutting 600 jobs, or about 3% of the workforce, as the San Francisco-based broker-dealer and wealth-advisory firm faces “an increasingly challenging economic environment.”
Schwab Brings Another Non-Solicit Suit Against Former Broker
The discount brokerage pioneer has brought at least five lawsuits since July claiming contractual violations over client solicitation.
Schwab’s Retail Head Kallsen Leaves with $4.1 Million Package
Terri Kallsen, the head of Schwab’s investor services unit, lost her job in July as part of a broad restructuring.
Schwab Pursues Nebraska Broker Who Went Independent
Filings in court and with Finra are the discount brokerage pioneer’s third attempt in less than two weeks to prevent departing brokers from soliciting former clients.
Schwab Pursues Texas Broker Who Started His Own RIA
Schwab’s claim for an injunction comes as lawyers say non-solicitation disputes have mushroomed in the past year industry-wide.
