Practice

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

More than one-third of the $1 billion new assets on the digital advice platform are from new clients.

The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.

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

The advice industry’s current structure is “dumb” and in need of fixing, according to Betterment CEO Jon Stein.

Overall donations to charity organizations fell by 1.7%, while total individual giving decreased by 1.1%, the first drop since 2013.

The brokerage may pay about $2 billion for the additional advisory clients, according to reports.

David Ahlquist is the latest addition to the firm’s growing employee broker-dealer.

Some plan to downsize to an inexpensive town nearby.

Independent Advisor Alliance also started a robo advisor under Betterment for Advisors after adding more than $2 billion in assets over the past 12 months.