Jed Horowitz

Displaying 171 results
NEWS RIAS JUL 19, 2009
Schwab gets some traction from fee waiver promotion

It didn't take long for Allgen Financial Services Inc., a registered investment adviser, to seize on The Charles Schwab Corp.'s offer to waive electronic stock commissions through next June 30 and reimburse account transfer fees for any new-to-Schwab client that RIAs sign on by yearend.

NEWS RIAS JUL 19, 2009
Net new assets from advisers slide again, Schwab says

In another barometer of the continuing pain that fee-based financial advisers are experiencing, The Charles Schwab Corp. has reported that net new assets in its adviser services businesses fell 47% in the second quarter to $7.7 billion, from $14.5 billion a year earlier.

NEWS INDUSTRY NEWS JUL 16, 2009
Schwab 2Q profit fell 31% on lower revenue, special charges

The Charles Schwab Corp. today reported a 31% decline in second-quarter earnings from the year-earlier period, citing low interest rates, restructuring charges and still-weak equities markets.

NEWS INDUSTRY NEWS JUL 12, 2009
FIRMS REINVENT THEMSELVES

NEWS INDUSTRY NEWS JUL 12, 2009
Ax is still falling at advisory firms

Late last year, CLS Investments LLC and RegentAtlantic Capital LLC began laying off employees in anticipation of a drawn-out revenue slough.

NEWS INDUSTRY NEWS JUL 12, 2009
SEEKING NEW BUSINESS

When Ben Marks set up shop as an independent registered investment adviser in November, he wasn't ready to give up the commissions that helped support him for more than a quarter century at large brokerage firms.

NEWS RIAS JUN 28, 2009
Breakaway brokers still a trickle, not a tide

Even though independence is losing its stigma as a sign of failure among wirehouse brokers, they continue to move at only a moderate pace to independent broker-dealers and registered investment advisory firms, a panel of experts said last week.

NEWS RIAS JUN 28, 2009
Schwab to waive fees for its RIAs' new clients

The Charles Schwab Corp. is dipping into its deep pockets to help independent advisers capture business from full-service brokers.

INVESTING ALTERNATIVES JUN 28, 2009
McCool says solution near on custody of alternatives

The Charles Schwab Corp., which promised to spell out details of its plan to help advisers move alternative assets from its platform this month, has nearly met its deadline.

NEWS INDUSTRY NEWS JUN 25, 2009
Schwab waiving fees for new clients of its RIAs

In a move that could create a price war among custodians of registered investment advisers’ assets, Charles Schwab Corp. said today it will waive commissions on electronic equity trades and reimburse account-transfer fees to new clients of independent investment advisers whose assets are held in custody at the San Francisco-based firm.