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Schwab’s $200 million charge points toward conflicts with cash spreads Cash spreads are certainly nothing new, but with almost $64 billion in assets, Schwab is likely the largest robo-adviser to hold significant chunks of client assets in cash. July 21, 2021 4 MINS They say there’s no such thing as a free lunch, but Charles Schwab & Co. could have customers believing otherwise.  The discount brokerage’s Intelligent Portfolios platform has long advertised itself as having no advisory fees or commissions, but a $200 million charge announced this month relating to an investigation by the Securities and Exchange Commission highlights the subtle ways free investment platforms charge for services. While the robo-adviser doesn’t technically have an advisory fee, it does earn revenue through charging for its underlying exchange-traded funds and on interest collected on holding clients’ assets in cash. 

Schwab etfsMichael kitcesExchange commissionVanguard incCharles schwab coAdvisor servicesSchwab bankCharles schwabIntelligent portfoliosPersonal advisor servicesபரிமாற்றம் தரகுவான்கார்ட் இன்க்சார்லஸ் ஸ்க்வாப் இணைஸ்க்வாப் வங்கிசார்லஸ் ஸ்க்வாப்புத்திசாலி போர்ட்‌ஃபோலீயோஸ்