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Charles Schwab Corp

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  • 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...

  • NEW YORK, Oct 16- Measuring the point at which investors have exhausted their selling in a market downturn is an inexact science at best, and at its worst akin to sticking a finger in the air to judge shifting winds. For months, worries about European economy and the conflicts in the Middle East and between Russia and Ukraine didn't shake the bullish conviction as...

  • NEW YORK, Oct 16- Global equity markets tumbled again on Thursday as investors continued to worry about world growth and on fears that Europe's debt crisis was waking up from a two-year siesta, while crude oil slumped to a four-year low. "When you get in a mode like we are in now, where the market is clearly bearish, investors are somewhat fearful, they tend to focus more...

  • *Netflix tumbles after quarterly results. *Goldman Sachs falls after earnings. NEW YORK, Oct 16- U.S. stocks tumbled on Thursday, after the S&P 500 closed at its lowest in six months, on continued concerns about weak global demand and its potential impact on the U.S. economy and businesses.

  • *Netflix tumbles in premarket after quarterly results. *Goldman Sachs falls after earnings. The VelocityShares Daily 2 x VIX Short Term exchange-traded note jumped 28.7 percent to $6.28 in premarket.

  • Charles Schwab Corp says 3rd-qtr profit jumps 11 percent Wednesday, 15 Oct 2014 | 1:38 PM ET

    NEW YORK, Oct 15- Charles Schwab Corp, the discount brokerage pioneer now marketing itself as a full-service firm that gives investors advice, said its third-quarter profit climbed 11 percent from a year earlier to $321 million on double-digit growth in management fees and interest revenue. The San Francisco- based firm's total revenue rose 12.9 percent from...

  • Advisers test robo-investing, with help from Fidelity Wednesday, 15 Oct 2014 | 9:00 AM ET

    NEW YORK, Oct 15- Investment advisers concerned about competition from cut-rate digital investment firms known as "robo-advisers" received an olive branch on Wednesday from Betterment LLC, one of the largest of the new competitors. The New York- based firm, which uses questionnaires and algorithms to create portfolios of inexpensive exchange-traded funds...

  • UPDATE 1-Pimco's outflow headaches only just beginning Tuesday, 7 Oct 2014 | 12:31 PM ET

    Pimco hasn't said how much money has been withdrawn since fund manager Bill Gross quit on Sept. 26 to join Janus Capital. Outflows "will tend to be elevated over the next few months" said Jeff Tjornehoj, head of Americas research at Lipper, a Thomson Reuters company, who said Gross's exit is "the last straw" for some institutional investors. Morgan Stanley said that the...

  • Pimco hasn't said how much money has been withdrawn since fund manager Bill Gross quit on Sept. 26 to join Janus Capital. Outflows "will tend to be elevated over the next few months" said Jeff Tjornehoj, head of Americas research at Lipper, a Thomson Reuters company, who said Gross's exit is "the last straw" for some institutional investors. Morgan Stanley said that the...

  • Asian stocks had edged up overnight and there was a solid rebound for European bourses in early trading after Thursday's disappointment the European Central Bank wasn't more aggressive at its meeting triggered the biggest sell-off in over a year in markets like Italy. Uncertainty about U.S. non-farm payrolls data due later in the day left traders set for a...

  • Oct 2- Charles Schwab Corp has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday. The retail target date funds have $2.9 billion in assets- $141 million of which had been in the Pimco Total Return Fund. Schwab is looking for a replacement for the Pimco fund and has temporarily...