Schwab’s Bernie Clark, executive vice president of Charles Schwab & Co., Inc. and head of Schwab Advisor Services, recently sat down with Dr. Deena Katz , Associate Professor and three students from Texas Tech University’s Personal Financial Planning Department. The conversation provides a unique window on what the next generation of advisors are looking for in a career and what they expect from an employer in the advisory space. Schwab also surveyed more than 100 students last month at the school, and some key trends emerged. Some results of the study and the highlights from Bernie’s roundtable are below.
Everybody loves a good story. Starting today, we’re featuring 11 new stories about how people manage their money – and how Schwab helps.
These Schwab Stories reflect the lifecycle of investing: From young, on-the-go savers… to mid-career investors balancing current needs with future retirement plans… to retirees who are personally invested in their families and communities.
We need a better means to a better end
Guest post by Steven H. AndersonOne hundred and twenty years ago many challenged the notion of the first automobile. “Who needs an automobile,” people asked, “when my horse and buggy gets me where I want to go just fine?” Today, our 401(k) industry feels far too similar to the waning days of the horse and buggy. Too often, 401(k) service providers push their own actively managed funds or single-manager, one-size-fits-all target date funds on plan participants. It’s time for a change. It’s time to stop trying to improve the horse and buggy and address the real shortcomings of the 401(k). It’s time for Charles Schwab to do what it does best – lead industry change for the benefit of the masses.
LinkedIn isn’t just for job seekers anymore—it’s become an essential place for professionals to get critical industry insights and network with key players in their field. It’s also emerging as an important channel for financial advisors to establish trust with prospects and connect with clients.
As part of our ongoing “Meet the Branch Manager” series, today we head to Beantown to get to know Rich Rivera, vice president and branch manager of Schwab’s Boston, MA, branch.
As you move up the ladder, or change ladders altogether, it’s important to keep track of your retirement savings. Changing jobs often means deciding what to do with your old 401(k) account. Catherine Golladay, vice president of 401(k) Participant Services, has some tips for you in this quick video.
Here at Schwab, saving and investing for retirement is one of the most common topics we discuss with clients every day. In fact, in a recent survey we conducted in the end of 2012 of more than 1,000 clients, 69 percent told us that retirement is their top financial priority.*
Investors Sweet on Vanilla ETFs
Guest post by Marie A. ChandohaWhen asked to choose an ice cream flavor, I have to admit that I’ll usually opt for decadent combinations of textures and ingredients. Mocha Almond Fudge? Yes, please. White chocolate cheesecake? Pass me a spoon. Chocolate Caramel Crunch or Mint Chocolate Chip? I’ll take a scoop of each.
Rethinking the 401(k)
Posted by Mike PetersonIn January 2012, Schwab Retirement Plan Services, Inc. launched Schwab Index Advantage®, a one-of-a-kind 401(k) plan offer designed to help people better prepare for retirement by cutting investment costs and simplifying investing through independent, low-cost advice services. One year after its debut, I sat down with Steve Anderson, executive vice president of Schwab Retirement Plan Services, to check in on the progress of Schwab Index Advantage (SIA).
Charles Schwab Breaks Ground on the Charles Schwab Trading and Technology Lab at UC Irvine
Posted by Anita FoxThe University of California, Irvine broke ground on the Charles Schwab Trading and Technology Lab, the cornerstone of a new 78,000-square-foot building in the Paul Merage School of Business at UC Irvine. Once completed, the planned lab will offer students the ability to receive high quality training and educational tools in the areas of investment and wealth management.
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