The new tidal wave of proprietary advice coming from Charles Schwab & Co. Inc. now is washing onto the laptops of its 6,000 independent advisers.
Some financial advisers, however, are underwhelmed.
The San Francisco-based broker reported last week that its computer-generated action ratings on 3,30
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The largest IDB will allow RIAs to hold fee-based assets with outside custodians; it's also rolling out its own custody platform for RIAs later this year.
Attention, registered investment advisers who keep assets at Bear Stearns: The big custodians are out to bag you.
Brokerage firms blithely doing mutual fund and annuity transactions by hand are paying a far greater cost than they realize, according to a report published today by Aite group LLC of Boston.
Charles Schwab Corp. is off to a good start at peddling home loans and insured deposits to its brokerage customers, but it remains to be seen whether the fledgling banking effort will be a big hit.
Charles Schwab Corp. is making another push to graft a big brain onto its athletic body as an earlier effort sputters.
