Sunday, December 22

Tag: SCHW

Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
Money

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
World

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Charles Schwab’s Rocky Year in Five Charts
5Nov By adminNo Comments
Money

Charles Schwab’s Rocky Year in Five Charts

Listen to article(1 minute)Even the top executives at Charles Schwab will admit 2023 has been a trying year.The largest publicly traded U.S. brokerage just laid off roughly 2,000 employees. An integration of customers from Schwab’s acquisition of TD Ameritrade has been less than smooth for many clients. Widespread concerns about bank-deposit flight sent Schwab shares tumbling this spring—and the stock has yet to recover.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Schwab Sees Potential Inflection Point to Cash Outflows
16Oct By adminNo Comments
Money

Schwab Sees Potential Inflection Point to Cash Outflows

When online brokerages moved to a free trading model, investors’ hope was that this would ultimately attract even more cash and activity, making up for those foregone commission dollars. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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