How tough can Schwab get with digital upstarts?

Post on October 06, 2017

It would be a mistake by young firms to dismiss such a public pronouncement, says Sean McDermott, senior analyst at Corporate Insight. “[Schwab has] $3 trillion in client assets. They have very positive brand recognition and customer satisfaction scores that are the envy of most of the industry. They have demonstrated a willingness to cut price to gain market share, as seen with their recent commission cuts in online trading. So yes, they can throw their weight around.”

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