Charles 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.

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

America’s original discount broker will now have even more sway over the sector it pioneered nearly a half-century ago.

The deal would combine two of the biggest companies running platforms used by independent financial advisors.

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.

The deal would consolidate an industry under pressure from a price war.

The big shift in future planning: Tech that predicts behavior, says Charles Schwab’s Bernie Clark.

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

As Bob Dylan once sang, “the times they are a-changin.”

Clients opened 142,000 new accounts last month after Schwab escalated the brokerage industry's price war.

Factors driving the dizzying pace of deals are revealed at Schwab’s Impact conference.

Advisors say they have concerns about an upcoming recession, according to a new survey.

Advisors will be able to offer “different types of lending,” CEO Walt Bettinger tells planners at the company’s Impact conference.

The SEC’s recently passed ETF modernization rule, which expands choice in the market, “is probably the end of the mutual fund industry.”

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.

There’s a showdown looming between financial advisors and the custodians that safeguard their clients’ money. It’s been brewing for some time, and the move by Charles Schwab on Tuesday to offer commission-free trading makes the clash all but inevitable.

As custodial pricing continues to fall, it’s still unclear where firms will make up the the money — but analysts and advisors agree other custodians will follow suit.