Schwab

Altruist Responds to Advisor Feedback with Simply Better Pricing

Retrieved on: 
Friday, April 12, 2024
Finance, Professional Services, Apps, Applications, Technology, Software, NTF, Schwab, ETF, Altruism, RIAS, Financial adviser

Altruist introduced an updated fee schedule, a direct result of the feedback received from its advisor community.

Key Points: 
  • Altruist introduced an updated fee schedule, a direct result of the feedback received from its advisor community.
  • The new fee schedule reflects simple, transparent, industry leading pricing, aimed to objectively improve client outcomes and make independent financial advice more accessible.
  • To reduce overall costs and complexity, Altruist eliminated or zeroed out over 50 line items from the previous schedule.
  • The new fee schedule is available in an intuitive brochure that any advisor or client can easily understand.

AdvisorEngine Integrates With Charles Schwab Trust Bank, Expanding Data Connectivity for Its Wealth Management Platform

Retrieved on: 
Wednesday, March 13, 2024
Software, Finance, Consulting, Banking, Data Management, Accounting, Professional Services, Technology, Trust, Schwab, Charles Schwab Corporation, Financial adviser

AdvisorEngine announced today its integration with Charles Schwab Trust Bank, providing its wealth management platform the ability to digitally serve advisory firms with client accounts at the bank.

Key Points: 
  • AdvisorEngine announced today its integration with Charles Schwab Trust Bank, providing its wealth management platform the ability to digitally serve advisory firms with client accounts at the bank.
  • In January, AdvisorEngine also announced an integration with Schwab Advisor Services’ new Schwab iRebal platform and expanded digital onboarding capabilities for advisory firms with Schwab clients.
  • “This new integration with Charles Schwab Trust Bank provides more depth of service for clients on our wealth management platform.”
    Integrating with Charles Schwab Trust Bank adds to AdvisorEngine’s established feeds with major custodians, insurers and financial services data providers.
  • “We are committed to deepening our connectivity with important industry partners such as Charles Schwab,” said AdvisorEngine Chief Operating Officer Craig Ramsey.

Schwab Trading Activity Index™: Score Continues Month-over-Month Increase in February

Retrieved on: 
Monday, March 4, 2024
Professional Services, Business, Other Professional Services, Finance, Asset Management, Fintech, Banking, STAX, SPX, Multimedia, United States Census Bureau, VIX, Labour, Growth, CBOE, Nasdaq Composite, Risk, Current Population Survey, Federal Reserve, Fed, CPI, PPI, Producer, Schwab, Treasury, Consumer, Activity, Education, Cryptocurrency

The Schwab Trading Activity Index™ (STAX) increased to 47.65 in February, up from its score of 44.73 in January.

Key Points: 
  • The Schwab Trading Activity Index™ (STAX) increased to 47.65 in February, up from its score of 44.73 in January.
  • View the full release here: https://www.businesswire.com/news/home/20240304841142/en/
    Schwab Trading Activity Index February 2024 (Graphic: Charles Schwab)
    The reading for the four-week period ending February 23, 2024 ranks “moderate low” compared to historic averages.
  • “The STAX score has been on the rise since November of last year, making this the fourth consecutive month Schwab clients have increased exposure to the markets,” said Joe Mazzola, Director of Trading and Education at Charles Schwab.
  • The CBOE Volatility Index (VIX) rose 3.3% from 13.31 to 13.75, reflecting a modest increase in risk premium.

California Judge Awards Monetary Damages to Investors Charles, Michael Schwab in Libel Suit

Retrieved on: 
Tuesday, February 27, 2024
Professional Services, Legal, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Schwab, Fraud, Record, Allen Matkins, Judgement, Law, Family, Lawyer, HuffPost, Shoe, Justice, Superior court, Tobacco

A California judge has awarded $6 million in compensatory and punitive damages to father-son investor duo Charles and Michael Schwab in two high-profile libel suits after the man accused of smearing them through various media platforms failed to appear for multiple court hearings.

Key Points: 
  • A California judge has awarded $6 million in compensatory and punitive damages to father-son investor duo Charles and Michael Schwab in two high-profile libel suits after the man accused of smearing them through various media platforms failed to appear for multiple court hearings.
  • Records show Behunin paid a Huffington Post columnist $10,000 to write a column falsely accusing Michael Schwab of money laundering and misappropriating funds from a charity for personal profit.
  • The columnist later acknowledged in writing that the article contained factual errors regarding Michael Schwab.
  • Allen Matkins and the Law Offices of David H. Schwartz, Inc. represented the Schwab family and Big Sky Venture Capital.

Major Financial Firms Drive Growth of CFP® Professionals

Retrieved on: 
Tuesday, February 13, 2024
CAE, Woman, Professional, Fidelity, Education, Fidelity Investments, Northwestern Mutual, Certification, CFP, Schwab, Investment, Financial adviser

WASHINGTON, Feb. 13, 2024 /PRNewswire/ -- New data from CFP Board reveals that leading financial firms are responsible for the largest increases in new CFP® professionals in 2023. CFP Board added 6,089 new CFP® certificants in 2023, with 1,000 new certificants employed by Edward Jones.

Key Points: 
  • "As firms look to meet this demand and deliver more value to their clients, they are increasingly turning to CFP® professionals."
  • Highlights of the exceptional growth in new CFP® certificants at firms include the following:
    Edward Jones: New CFP® certificants grew by 1,000, a 62% year-over-year increase.
  • This makes the CFP® certification a differentiator for firms and the financial planning professionals they employ.
  • Ultimately, hiring CFP® professionals enables financial planning firms to deliver superior service, build strong client relationships and position themselves for long-term success in the industry.

Schwab Trading Activity Index™: Score Rises Modestly Amid New-Year Rally

Retrieved on: 
Monday, February 5, 2024
Professional Services, Business, Other Professional Services, Finance, Asset Management, Fintech, Banking, Multimedia, Education, VIX, Growth, Schwab, GDP, Current Population Survey, Activity, Consumer, CBOE, Economics, Labour, Treasury, STAX, Risk, SPX, Unemployment, CPI, Gross domestic product, Financial adviser

The Schwab Trading Activity Index™ (STAX) increased to 44.73 in January, up slightly from its score of 44.56 in December.

Key Points: 
  • The Schwab Trading Activity Index™ (STAX) increased to 44.73 in January, up slightly from its score of 44.56 in December.
  • The STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity to illuminate what investors were actually doing and how they were positioned in the markets each month.
  • View the full release here: https://www.businesswire.com/news/home/20240205765717/en/
    Schwab Trading Activity Index January 2024 (Graphic: Charles Schwab)
    The reading for the four-week period ending January 26, 2023 ranks “moderate low” compared to historic averages.
  • “Schwab’s clients were net buyers of equities in January,” said Joe Mazzola, Director of Trading and Education at Charles Schwab.

Ritholtz Wealth Management and AdvisorEngine® Partner to Usher in Good Advice

Retrieved on: 
Tuesday, January 23, 2024
Software, Professional Services, Internet, Personal Finance, Fintech, Data Management, Technology, Asset Management, Data Analytics, Other Professional Services, Finance, Other Technology, Consulting, RIA, Rich, BlackRock, Partnership, Fidelity, Acquisition, Conference, Good Advice, Schwab, Organization, Automation, Financial adviser

This collaboration emerged following Ritholtz Wealth’s acquisition of BlackRock’s digital advice service, FutureAdvisor, in 2023 and the selection of AdvisorEngine’s Wealth Management Platform as the foundation for its brand-new Good Advice offering.

Key Points: 
  • This collaboration emerged following Ritholtz Wealth’s acquisition of BlackRock’s digital advice service, FutureAdvisor, in 2023 and the selection of AdvisorEngine’s Wealth Management Platform as the foundation for its brand-new Good Advice offering.
  • The two organizations worked together to design and roll out the offering, extending Ritholtz Wealth’s value proposition to a new segment of underserved clients.
  • “When we hired AdvisorEngine, Rich assembled the team we needed, knew the timetables and understood the complexities,” said Ritholtz Wealth Management CEO Joshua Brown .
  • “Those trends aren’t in the future anymore, they are happening today, and firms need to make essential changes to meet these challenges, as Ritholtz Wealth Management has done.

Through AdvisorEngine and Charles Schwab, Financial Advisors Can Gain New Operational Efficiency and Provide a Delightful Client Experience

Retrieved on: 
Wednesday, January 17, 2024
Consulting, Data Management, Banking, Accounting, Technology, Professional Services, Asset Management, Software, Internet, Fintech, Finance, Digital, Policy, Partnership, IRA, Advisory, Tablet, Schwab, Financial adviser

AdvisorEngine®, the financial experience company, continues to strengthen its wealth management platform to provide investment advisors control over their client experience and achieve greater operational efficiency.

Key Points: 
  • AdvisorEngine®, the financial experience company, continues to strengthen its wealth management platform to provide investment advisors control over their client experience and achieve greater operational efficiency.
  • AdvisorEngine announced a new integration with Charles Schwab's iRebal® platform, one of the most adopted trading and rebalancing tools among registered investment advisors, according to the 2023 T3/Inside Information Software Survey.
  • “We are building upon a long-term, productive relationship with Schwab Advisor Services,” said AdvisorEngine CEO Rich Cancro.
  • Dual data entry is not required, as AdvisorEngine Portfolio Management automatically pushes model portfolio data and investment strategy assignments to iRebal.

Schwab Asset Management Announces Zero Capital Gains Distributions for Schwab ETFs for 2023

Retrieved on: 
Monday, December 18, 2023
Asset Management, Professional Services, Business, Finance, ETF, Charles Schwab Corporation, Product strategy, NYSE Arca, Development, Schwab, Financial adviser

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced there will be no capital gains distributions for the 2023 tax year by any of the 30 exchange-traded funds (ETFs) in the Schwab ETF family.

Key Points: 
  • Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced there will be no capital gains distributions for the 2023 tax year by any of the 30 exchange-traded funds (ETFs) in the Schwab ETF family.
  • “Schwab ETFs delivered another year of zero capital gains, adding to a strong track record of tax efficiency,” said Nicohl Bogan, Director of Product Strategy and Development, Schwab Asset Management.
  • With an average asset-weighted operating expense ratio of 8 bps, Schwab ETFs span six asset classes.
  • Schwab Asset Management continued driving lower costs for investors in 2023 aligning operating expense ratios for all its fixed income ETFs at three basis points.

Charles Schwab Celebrates the “Season of Giving” with $750,000 in Nonprofit Grants and 500,000+ Healthy Meals Donated to Hunger Relief Nonprofits

Retrieved on: 
Wednesday, December 13, 2023
Professional Services, Philanthropy, Other Philanthropy, Finance, Asset Management, Fintech, Banking, Meal, Food, Charles Schwab Corporation, Family, Multimedia, Volunteering, Hunger, Culture, Financial adviser, Tourism, Schwab

Additionally, Charles Schwab Foundation granted $750,000 to local food banks and nonprofits focused on food insecurity to provide hunger relief to communities nationwide.

Key Points: 
  • Additionally, Charles Schwab Foundation granted $750,000 to local food banks and nonprofits focused on food insecurity to provide hunger relief to communities nationwide.
  • Recognizing that hunger relief is a year-round need, Charles Schwab Foundation granted $750,000 to local food banks and nonprofits focused on food insecurity in 14 communities where most Schwab employees live and work.
  • “Schwab was built on a culture of service for our clients that extends to our local communities,” said Rick Wurster, president of The Charles Schwab Corporation and president and chair of Charles Schwab Foundation.
  • Over the last six weeks during this Season of Giving, Schwab employees volunteered more than 4,250 hours to support 20 nonprofits.