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Charles Schwab Holds IMPACT Conference

Nov. 11, 2013
Brokers, Investing
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Charles Schwab held their IMPACT conference today, the nation’s largest annual gathering of RIAs. Some of the main takeaways:

  • RIAs expect competition in the industry to increase, mainly from the large online brokerages that are opening their own investment advisory practices
  • Next generation clients will seek financial advice from multiple advisors rather than consolidate assets with one advisor
  • Believe that technology is drastically changing the service model that investors want, but that technology is changing so rapidly that advisors are unsure of how to adapt their practices.


Fidelity may have begun a price war with their new sector ETFs. The company recently launched 10 sector ETFs that are available commission free through their brokerage platforms and have a total expense ratio of 0.12%. Fidelity was previously considered a slow mover in this space, as this is really their first foray into the increasingly popular world of ETFs. Fidelity also plans to put out 5 actively managed bond ETFs, which will be run by its own fixed-income team.