With a “cash sweep,” brokerage firms automatically put non-invested client assets into a low-income bank-deposit program.
Tag: Charles Schwab
More People Bank With Companies That Hold Their 401(K)s
Many brokerages now offer features similar to a standard checking account, but pay significantly higher interest.
Rich Customers Pull Money From Banks Offering Paltry Interest Rates
Market finance Wealth-management shifting client deposits to higher-yielding Treasury and money-market funds
As the U.S. Gets Older, Some ETFs Bet on Aging in Place
Many thematic funds are focused on companies that help senior citizens who want to stay in…
Pricing of Stock Trades Varies Widely Among Popular Brokers, Study Finds
Updated Sept. 16, 2022 5:33 am ET Listen to article (2 minutes) Brokerages aren’t created equal…
Shares fall as banks give quarterly updates
US stocks fell for the start of the week as investors contemplate another set of earnings…
Charles Schwab pays $186 million in regulatory settlement over robo-advisory business
WASHINGTON—Charles Schwab & Company Inc. will pay more than $186 million to settle a regulatory investigation…
Ending Payments for Order Flows: Where’s Easier
Is it possible to put a restriction on payment for an order flow without placing a…