Investment News has taken a look at Schwab’s new investment strategy:  ”Schwab Intelligent Portfolios, the firm’s first big push into the booming world of digitized wealth management and investment portfolios, is scheduled to launch before the end of March.”

What is most troubling is that “Schwab will make sizable allocations of investor money to cash held at a Schwab-affiliated bank,…earning a good portion of its revenue on the program from reinvesting those dollars.”

Read the full article here.

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