Jessica Mathews

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.

Clients overpaid more than $12 million because of operating flaws and coding failures in an automated device advisors relied on for executing mutual fund orders.

Jason Wenk, founder of Altruist, is ramping up for an end-of-year debut.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

The regulator’s expanding number of share-class cases fill in the details it says have been missing from Form ADV disclosures about conflicts of interest.