Charles Schwab Slams Wealth Tax as Destroyer of U.S. Creativity Oct 16, 2019 The 82-year-old views a wealth tax as an innovation-killer, and therefore a capitalism killer. "It's a negative reward for success."
Breakaway (Discount) Brokers Oct 14, 2019 Discount brokerage firms are cracking down on their own advisors who have jumped ship for other firms or independence.
Riskalyze Fintech Report Card: September 2019 Oct 10, 2019 Riskalyze CEO Aaron Klein gives the thumbs-up or thumbs-down on the biggest news to hit advisor technology in the previous month.
Fidelity Follows Rivals to Zero-Fee Trades Oct 10, 2019 The custodial firm announced today it too would eliminate the $4.95 commission on trades, including for RIAs, and reiterated that, unlike rivals, it does not sell trade order flow.
Robinhood Gives Banking Another Shot a Year After Botched Launch Oct 08, 2019 Robinhood's new feature, called Cash Management, takes a more traditional regulatory approach than its last foray into bank accounts.
Price Wars Hit the Online B/D Market Oct 04, 2019 Online B/D TradeStation Securities and online brokerage Ally Invest are offering commission-free trading.
Schwab Investment Management to Offer 3 New Bond ETFs Oct 04, 2019 Charles Schwab Investment Management will offer 3 new bond ETFs as of Oct. 10.
Envestnet Chairman and CEO Jud Bergman Dies in Car Accident Oct 04, 2019 Jud Bergman, who led Envestnet through a 2010 IPO and several acquisitions, was 62.
Riskalyze Expands Into Trading Automation, Marketing Support Oct 03, 2019 Riskalyze's CEO, Aaron Klein, insists the firm is staying in its lane, but what if that lane is actually the whole highway?
E*Trade Ends Commissions on Trades, Following Schwab and TD Ameritrade Oct 02, 2019 The new changes will go into effect on Oct. 7, the same day Charles Schwab sets its commissions at zero and days after TD Ameritrade does the same.