Jessica Mathews

The firm will move from a bank custodial platform to a brokerage platform in the second quarter — all while getting a radical face lift.

The SEC examined approximately 2,180 RIAs in 2019.

Planners — and RIAs that want to hire them — have faced hurdles tied to client solicitation rules.

BlackCrown tried to call foul on Schwab’s anticipated acquisition, asserting it would become an “unlawful monopoly” and stifle innovation in the custodial marketplace.

With Portfolio Intelligent Income, the discount brokerage is shifting some of its focus toward clients ready to spend their investments.

The commission-free brokerage did not reasonably review “hundreds of thousands of orders each month,” according to the regulator.

Competitors such as Merrill Edge have taken similar measures on commissions.

The wirehouse last made changes to its compensation plan in 2016.

The “vast majority” of retail clients already qualified as of October but certain customers were still paying $2.95 a trade.

After acquiring TD Ameritrade, Schwab’s custodial division would grow to about twice the size of its closest competitor.

Tom Bradley, known as an advocate for independent advisory firms, was hired to support advisors with under $100 million in assets.

Among immediate changes, Tim Hockey resigned as chief executive of TD. Here's what else advisors can expect.

Planners who manage less than $100 million in client assets question their future at Schwab.

Planners who manage less than $100 million in client assets question their future at Schwab.

Planners who manage less than $100 million in client assets question their future at Schwab.

The potential acquisition would unite two firms that custody assets for more 7,000 independent advisory firms.

he potential acquisition would unite two firms that custody assets for more 7,000 independent advisory firms.

After a recent policy switch, many clients at the wirehouse can no longer use balances from their deposit accounts to purchase shares in these funds.

Self-directed brokerage accounts at the firm hold about 20% of their portfolios in cash.