Tagged: schwab

Bitcoin Tops $30K as Bulls Return to Favorite Crypto

Bitcoin (BTC) has regained a certain amount of luster in recent days.  In the past 24 hours, Bitcoin has risen from over $27,000 to now topping $30K. Much of this crypto exuberance is due to the announcement that BlackRock had filed to launch a Bitcoin… Read More

Schwab Comments on SEC Settlement Regarding Robo-Advisor Offerings

The Charles Schwab Corporation (NYSE: SCHW) has commented on the settlement with the Securities and Exchange Commission (SEC) pertaining to Robo-advisor offerings and allegations of undisclosed fees and poor performance. Schwab stated via a release: “Schwab has resolved a matter with the SEC regarding certain… Read More

Schwab Penalized by SEC for Robo-Advisor Hidden Fees, Disclosure on Performance

The Securities and Exchange Commission (SEC) charged three Charles Schwab investment adviser subsidiaries for allocating client funds in a manner that their own internal analyses showed would be less profitable for their clients under most market conditions. Schwab has agreed to pay $187 million to… Read More

Trillion Dollar Asset Manager Vanguard Now Offering Zero-Fee Online Stock and Options Trading

Pennsylvania-based Vanguard, a registered investment advisor with over $5.3 trillion in assets under management, announced on January 2 that it will be introducing zero-fee online stock and options trading to all Vanguard Brokerage clients. As mentioned in a release, this expands Vanguard Brokerage’s commission-free platform… Read More

Bigger is Better: Digital Brokerage Charles Schwab Buys TD Ameritrade for $26 Billion

As predicted last week, online broker Charles Schwab (NYSE:SCHW) has announced the purchase of TD Ameritrade (NASDAQ:AMTD) in a deal worth $26 billion. According to Schwab, the all-stock transaction represents a 17% premium of TD Ameritrade’s average share price as of November 20, 2019. Shares… Read More

Bigger is Better or Race to the Bottom? Schwab May Acquire TD Ameritrade

Two titans in the online brokerage space are preparing to merge, according to multiple reports. Schwab and TD Ameritrade are poised to combine operations in a deal that could be finalized as soon as today for an estimated $26 billion purchase. The move to consolidate… Read More

Demand Meet Supply. Schwab Moves Further Into Alternative Investments with iCapital Partnership

Schwab (NASDAQ:SCHW), via a new service called Schwab Alternative Investment Marketplace, is pushing forward into the realm of digital offerings of alternative securities like private equity offerings. The marketplace will provide easy access to “alts” for registered investment advisors. Schwab has inked a partnership with… Read More

Schwab: Crypto a “Purely Speculative Instrument” That Won’t Be Added to RIA Platform

Investing giant Charles Schwab has no intention of adding cryptocurrencies to its platform for registered investment advisors (RIAs) “at this time,” Rob Farmer, Schwab’s managing director for corporate communications, has told RIAbiz. “Investors should view these currencies as a purely speculative instrument,” he added. Crypto-reticence… Read More

A Day Late & a Dollar Short? SoFi Reportedly Spoke with Schwab, Others About Acquisition

SoFi (or Social Finance) held talks with Charles Schwab about a potential acquisition earlier this year. The high-profile Fintech firm apparently discussed an $8 billion valuation following an “indicative offer of $6 billion” from a foreign bank. This is according to a report in the… Read More

Back to the Future: The Early Days of Online Trading Revisit FinTech and Crowdfunding Disruption

After reading Orchard Platform’s Bill Ullman elegantly deliberated “Is Fin-Tech History Rhyming Again?” on the platform’s blog last week and prepared for Thanksgiving, I wondered how the early days of online trading revisit fintech and crowdfunding disruption innovation.  While prepping for last week’s feast, I… Read More

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