Custodians
Schwab Launches Ad Campaign To Promote Advisor Independence
After months of questions over whether Schwab aims to compete directly with its affiliated RIAs, the firm will launch a new ad campaign to promote those independent advisors.
TD Ameritrade (AMTD) Hits New 52-Week Low
TD Ameritrade Holding Corporation hit a new 52-week low Monday at $13.67, below its previous 52-week low of $13.69.
TD Ameritrade Holding shares are down 27.5% year to date as of the close of trading on Friday, reports The Street.com.
The Street says AMTD boasts a "solid financial position" but is hobbled by a "feeble" earnings growth rate.
Pershing Gives Advisors New Tools To Get Serious On Pricing
Pricing is legendarily tricky in the advisory business, so Pershing has put together a new guidebook and calculators to help advisors figure out how much to charge.
Schwab's Apology For Mistakenly Prospecting RIA Clients Is Like Deja Vu All Over Again, And It Needs To Do Better
Schwab Advisor Services CEO Bernie Clark is today quoted apologizing to Schwab-affiliated RIAs for mistakenly prospecting to their clients, which reminds of an incident in early-1998 when Schwab contacted the clients of former Boston-area advisor Marjorie Meyer.
In fact, the recent incident is about the same as one I reported on for Dow Jones Investment Advisor in May 1998 in which I documented instances of Schwab inappropriately contacting advisor clients.
Schwab Sorry About Inadvertently Prospecting RIAs' Retirement Plan Business
Charles Schwab management has apologized for going around RIA affiliates' backs to offer retirement plan participants in-house investment products.
More Articles ...
- MFS, Financial Network Flirt With Self-Custody On Some Accounts
- TD Ameritrade Launches High-Profile Study To Find Its Own Answer To The Question Of Advisor Supervision
- Schwab Earnings Hold Up Despite Plunging Trading Revenue, Ambivalent Account Numbers
- Some Nibbles, But No Bites On Schwab's Franchised Advisory Program
