Fee-based compensation

Smaller RIAs want to follow Schwab’s lead. Will the model boost diversity and attract younger clients?

Lower costs are “pushing down what has been the economic model of our industry,” the Schwab EVP says at the In|Vest conference.

Expense ratios associated with the new products range from 0.05% to 0.07%.

Since introducing an ongoing fee model, the platform has seen a 25% rise in account openings, according to the firm.

When pricing for your subscription services, lessons can be learned from the online streaming giant.

The combined AUM of the top 10 companies has soared by 60% to more than $770 billion over the past five years.

Ranking RIAs by AUM or number of employees is misleading.

The largest increases came from the only firms in the sector reporting jumps of at least 20% or more in 2018.

The firm agreed to “remove language that formed the basis of the alleged misrepresentations."