Industry

Charles Schwab Corp. had been considering eliminating fees as early as the 1990s.

Competitors wasted no time joining the fray, leveling a range of criticisms at Schwab's move to acquire TD Ameritrade.

Daren Blonski, co-founder of Enso Wealth, a home for Edward Jones' breakaways, leaves to start his own RIA, Sonoma Wealth Advisors.

Pending approval of its acquisition of TD Ameritrade, Schwab will move to Texas. Both firms already have footprints in the Lone Star State.

Schwab agreed to acquire TD Ameritrade in an all-stock transaction the companies say is valued at $26 billion, or about $48.50 per share.

You Invest Portfolios, which launched in July of this year, will require a minimum of $500 after a previous minimum of $2,500.

American Funds is leading other fund families on digital engagement, and the more advisors engage, the more they invest, according to a new J.D. Power study.

The $26 billion deal, if approved, would put Schwab on equal footing with the wirehouses, and put pricing pressure on the upper levels of wealth management. Smaller advisors beware.

The brother/sister duo are forming High Note Wealth after leaving Northwestern Mutual, where they collectively managed $500 million in client assets.

A deal would create a firm with roughly $5 trillion in combined assets, consolidating an industry under pressure from a price war that escalated when Schwab last month announced plans to eliminate commissions for U.S. stocks, exchange traded funds...