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With key tweaks, Charles Schwab is introducing its ...

With key tweaks, Charles Schwab is introducing its ...

July 31, 2024 - Daily Newsletter for RIABiz subscribers

LONG STORY
David Lafferty: Investors continue to seek out cost-effective, income-producing…
Schwab, choosing its words carefully, will launch an ultra-short income ETF, its first active fixed-income ETF on or about Aug. 13.
2 hours ago Brooke Southall

Charles Schwab Corp. is back in the ultrashort bond game 13 years after a scuffle with the SEC that no doubt left a bitter taste about the whole category – and how it's policed.

VANCE VENTURE
Matt Cole: We're evaluating acquisitions of existing RIAs and lift outs of team…
The 39 year-old vice presidential candidate's investment into the anti-ESG ETF-maker Strive Asset Management draws him closer to its owner, Ramaswamy, 38.
Tuesday 7.30.24 Oisin Breen

JD Vance, who competed with Vivek Ramaswamy to be Donald Trump's vice presidential running mate, is now joining forces with his former GOP rival to take on the RIA roll-up industry.

SWEPT ASIDE
Dan Arnold: In all, we feel good about the strong complement of cash solutions …
Schwab, Morgan Stanley, LPL and Wells Fargo are among the firms feeling the heat and facing the conundrum around overreliance on a chief revenue source.
Saturday 7.27.24 Brooke Southall

Brooke's Note: The most despised payment for services in the wealth management business is a fat sales commission. Next on the list is perhaps any fee that can be identified. Third on the list is the revenue source that has …

DATA CZAR
Leslie Dentinger Norman: We don't want them figuring out financial planning too…
Leslie Dentinger Norman -- more of an RIA process expert than a coding wonk -- is ready to dial in the big Dynasty deliverable, a judicious admixture of bundles, unbundles and data usage based on firm needs
Friday 7.26.24 Lisa Shidler

Brooke's Note: On conference panels during the past 15 years, Shirl Penney could reliably be seen in the company of Elliot Weissbluth, Joe Duran, Rudy Adolf and a host of other entrepreneurs with a similar mission -- helping big RIAs …

MOST RECENT ARTICLES
The Malvern, Pa., giant follows BlackRock warning that tracking indexes could lose precision or that the fixes -- derivatives or funds -- have their own downside... added expense.
Christopher Norton's burst of creativity came aboard a flight when he had nothing but time and the electronic ear of Manish Khatta, his Potomac Funds boss.
Cooper Rey is the biggest loss to date, after handing in his notice Thursday morning, but Goldman also has good news after five recent custody wins.







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