Jerry Pascucci, a former Morgan Stanley Smith Barney executive, is joining UBS Wealth Management Americas on September 7 as head of alternative investments, according to an internal memo obtained by Registered Rep...
In an effort to ramp up its ETF offerings, Charles Schwab announced today that it has acquired an ETF-focused money management company with nearly $4 billion in assets. Schwab paid $150 million in cash and stock for the company.
There’s very little real difference between the performance of mutual funds and ETPs in the commodity space, but there’s a whole lot of difference in the products’ risk characteristics.
The Charles Schwab Corp. gathers more client assets in July, but its stock sells off anyway.