Digital Wealth: Charles Schwab's $187MM settlement to roboadvisor clients for cash sweep
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Schwab profited by moving cash to an affiliate bank, loaning the money, and keeping the difference between the loan interest it received and the cash interest it paid to robo-adviser clients
Digital Wealth: Charles Schwab's $187MM settlement to roboadvisor clients for cash sweep
Digital Wealth: Charles Schwab's $187MM…
Digital Wealth: Charles Schwab's $187MM settlement to roboadvisor clients for cash sweep
Schwab profited by moving cash to an affiliate bank, loaning the money, and keeping the difference between the loan interest it received and the cash interest it paid to robo-adviser clients