Charles Schwab (SCHW), which is big on surveys, just released the results of a brand new one: [click to continue reading…]
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From the category archives:
TD Ameritrade
InvestmentNews.com has a good story on Charles Schwab (SCHW) and TD Ameritrade’s (AMTD) lobbying efforts in Washington over the Fiduciary issue. While they are fierce competitors in everyday business, they’re teammates when it comes to battling Washington.
Here’s a brief explanation of a fiduciary obligation:
A fiduciary obligation exists whenever the relationship with the client involves a special trust, confidence, and reliance on ithe fiduciary to exercise his discretion or expertise in acting for the client. The fiduciary must knowingly accept that trust and confidence to exercise his expertise and discretion to act on the client’s behalf.
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