The 12th edition of the "Robo Report" also reports that Vanguard and SigFig scored highly on overall performance among 18 analyzed robo advisor providers.
Since 2015, Fidelity has been defaulting client cash in retail brokerage accounts to their U.S. government money market fund. Today, they took the opportunity to compare that default cash yield to competitors'.
Deal ensures Schwab is the exclusive referral wealth management provider to USAA members, but given smaller account sizes, "we don't see conflicts in this and the RIA channel," says a Schwab executive.
Andrew Altfest is the second generation leader in a family advisory firm. He describes how he got involved in the business and his plans for it for the future.
Charles Schwab's 2019 RIA Benchmarking Study revealed new clients sustained their firms' business performance, even as AUM fell slightly in 2018, a result of market volatility.