Schwab Execs Say They are Snatching Business from Fidelity and Vanguard
by:
Armie Margaret Lee
The fund fee cuts and lowered minimums that Schwab
unveiled in May are paying off, Schwab executives told
Barron's.
"We've seen a nice little pop," Randy Merk, president of Schwab's investment
management services, told the pub. "We've seen exactly what we're hoping to see. We've seen transfers from Vanguard and Fidelity based on price and minimum investment."
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