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Charles Schwab Corp

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  • That is the question investors are asking as Wall Street heads into 2015.. Wall Street strategists, who typically are bullish on the U.S. stock market, expect the advance to continue into 2015.. 2014 has been an above average year for stocks, but Wall Street forecasters expect more a more modest year for the market next year.

  • NEW YORK, Dec 23- A plan by the U.S. Securities and Exchange Commission to widen the minimum trading increments of some small-cap stocks to test if that would spur more trading could end up harming mom-and-pop investors, retail brokerages said in letters to the regulator. The potential cost of the program to all investors could be up to $455 million dollars...

  • That is the question investors are asking as Wall Street heads into 2015.. Wall Street strategists, who typically are bullish on the U.S. stock market, expect the advance to continue into 2015.. 2014 has been a solid year for stocks, and Wall Street forecasters expect more of the same next year.

  • *FedEx shares fall after earnings, drags transports. NEW YORK, Dec 17- U.S. stocks rose on Wednesday on the heels of a three-session losing streak and ahead of the U.S. "I don't know that it really makes a huge difference because ultimately they will hedge anything they do in that regard by simply saying it is all data-dependent," said Randy Frederick, managing director...

  • NEW YORK, Dec 16- Vanguard Group became the largest U.S. fund manager by assets by persuading investors that they don't need to pay for a stock picker. Under lead manager James Stetler, the $615 million Vanguard Strategic Small Cap Equity Fund, for example, topped its index by 3.2 percentage points a year over the same period. An investor who put $10,000 into the...

  • NYSE to eliminate fees for some retail stock orders Tuesday, 16 Dec 2014 | 4:10 PM ET

    NYSE now says it will eliminate transaction fees for orders originating from retail investors that are priced midway between the best bid and offer available at the time, priced at $1 or above, starting Jan. 2. NYSE currently charges 25 cents per 100 shares for those types of orders. NYSE executes a little over 20 percent of U.S. stock trades on its three stock...

  • NEW YORK, Dec 16- Vanguard Group became the largest U.S. fund manager by assets by persuading investors that they don't need to pay for a stock picker. Under lead manager James Stetler, the $615 million Vanguard Strategic Small Cap Equity Fund, for example, topped its index by 3.2 percentage points a year over the same period. An investor who put $10,000 into the...

  • NEW YORK, Dec 4- When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo& Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California- based money manager. For example, the two-year-old, $576 million JPMorgan Global Bond Opportunities Fund, received $346...

  • NEW YORK, Dec 4- When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo& Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California- based money manager. For example, the two-year-old, $576 million JPMorgan Global Bond Opportunities Fund, received $346...

  • Stern Advice-The loss leaders of the investment world Wednesday, 26 Nov 2014 | 8:30 AM ET

    NEW YORK, Nov 26- Every industry has its loss leaders, and the investment world is no different. Companies including Blackrock Inc, Vanguard and Charles Schwab have been competing to offer investors the lowest cost shares possible on these products. "We believe we will keep that client for a long time," said John Sturiale, senior vice president of product management...

  • EXCLUSIVE-Firms drop Pimco funds from managed accounts Wednesday, 5 Nov 2014 | 6:01 PM ET

    Nov 5- Charles Schwab Corp, Wells Fargo Advisors and Raymond James& Associates have all dropped Pimco funds from some investment portfolios they offer clients over the past several weeks, following the September resignation of fund manager and company co-founder Bill Gross. Pacific Investment Management Co has seen huge outflows since Gross, who ran the...

  • Nov 5- Charles Schwab Corp. has dropped the Pimco Total Return Fund from its Schwab Managed Portfolios mutual fund platform, a spokeswoman said Wednesday, citing organizational changes at Pacific Investment Management Company as the catalyst for the change. Charles Schwab Investment Advisory, the division that manages the Managed Portfolios platform,...

  • Investment company Wealthfront raises $64 million Tuesday, 28 Oct 2014 | 3:38 PM ET

    SAN FRANCISCO, Oct 28- Wealthfront, a Palo Alto, Calif.- based investment-management service geared toward young professionals, said on Tuesday it raised $64 million to help build its business. The company wanted to buttress its financial position at a time when it expects entrenched players such as Charles Schwab Corp and Merrill Lynch to roll out similar...

  • Oct 28- TD Ameritrade Holding Corp, said quarterly profit climbed 5.5 percent on a jump in net new assets, and forecast further asset growth of 7 to 11 percent in 2015, sending shares up 3 percent in morning trading. It forecast further growth in assets of 7 to 11 percent in fiscal 2015. More than half of the company's asset growth, which creates higher fee revenue,...

  • UPDATE 1-Schwab to offer free 'robo-advice' Monday, 27 Oct 2014 | 5:01 PM ET

    NEW YORK, Oct 27- Charles Schwab Corp confirmed on Monday that it will introduce free automated investment plans picked by computer algorithms in the first quarter of 2015.. Traditional brokerage firms, including Schwab and competitors such as Bank of America's Merrill Lynch and Morgan Stanley, typically charge 1 percent or more of clients' invested assets in...

  • NEW YORK, Oct 27- Charles Schwab Corp confirmed on Monday that it will introduce free automated investment plans picked by computer algorithms in the first quarter of 2015.. The service will appeal primarily to Schwab's traditional self-directed investors who do not want to use its fee-based advice programs, Chief Executive Walt Bettinger said.

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • Oct 21- Discount brokerage E* Trade Financial Corp reported a better-than-expected 83 percent jump in third-quarter profit on Tuesday as trading activity surged and it set aside less money to cover bad loans. The company's net income rose to $86 million, or 29 cents per share, in the three months ended Sept. 30, from $47 million, or 16 cents per share, a year earlier.

  • NEW YORK, Oct 21- Raymond James Financial Inc is preparing to offer exchange-traded funds free of transaction fees, ratcheting up its competition for assets against similar programs in place at Charles Schwab Corp and TD Ameritrade Holding Corp.. The St. Petersburg, Florida- based company is to begin offering nearly 120 commission-free ETFs next month to its...