Industry

Schwab's Forced Arbitration Clause: A Leader Among Fiduciaries Says Custodians Imposing Arbitration Triggers An Obligation Of Disclosure On RIAs

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Charles Schwab's brokerage agreement contains a clause forcing customers to arbitrate disputes, and some RIAs are expressing concern that using Schwab as a custodian and requiring them to accept the arbitration clause imposes disclosure responsibilities. After all, these clauses have for decades been considered a heavy-handed tactic imposed by Wall Street firms to minimize their legal liability at the expense of investors.

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Financial Advisors Grow AUM At Record Pace In 2012

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Financial advisors increased assets under management to record levels in 2012, according to PriceMetrix, a practice management research firm for retail brokerages in the U.S. and Canada.

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TD Ameritrade Client Assets Surpass $500 Billion

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TD Ameritrade Holding Corporation today announced that total client assets topped $500 billion for the first time ever in Februrary. That's up 14% from a year earlier but it's still just a quarter of the $2 trillion in client assets held at Charles Schwab.

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How Good is Suze Orman’s Advice On Finding A Financial Advisor? NerdWallet Offers A Smart Assessment

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Personal finance guru Suze Orman is taken to task for not being as smart and sincere as she proclaims by a site I never heard of, NerdWallet, which seems to be providing consumers with intelligent information.

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Texas Tech Reopens Renovated Charles Schwab Personal Financial Planning Technology Complex

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Texas Tech University last week reopened the Charles Schwab Personal Financial Planning Technology Complex at a ribbon cutting event celebrating completion of the renovation of the facility.

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