Why Schwab could be the new Vanguard

From zero-commission trades to fractional shares, new strategies have set the discount brokerage on a path toward wealth management dominance.

Unsubscribe View in browser IN|VEST → June 18-19, 2020 | New York Featured Speakers Agenda Attend FINANCIAL PLANNING 1. Does Schwab's growth threaten Vanguard's domination? By Allan S. Roth 9 min read The custodian has made three big announcements. The connection between the three may not be obvious, but together, they indicate what I think could be a brilliant strategy. Read More → FINANCIAL PLANNING 2. How strategic partnerships are shaping fintech funding By Paola Peralta 2 min read “It’s no longer about coming to market and getting funding with some kind of novel pitch and seeing if it sticks,” says an industry analyst. Read More → FINANCIAL PLANNING 3. Lawmakers call for FTC investigation of Envestnet | Yodlee By Sean Allocca 3 min read The technology provider has become a leading data aggregator. But questions have surfaced about its use of customer data. Read More → FINANCIAL PLANNING 4. Orion in ‘daily’ talks with potential buyers, CEO says By Sean Allocca 3 min read The firm's chief Eric Clarke says there are multiple suitors. Read More → AMERICAN BANKER 5. What the Visa-Plaid merger means for banks, fintechs By Penny Crosman 5 min read Visa's deal to acquire the data aggregator Plaid is likely to have ripple effects throughout the industry, including reduced tension between banks and fintechs over data sharing. Read More → AMERICAN BANKER 6. Citigroup CEO says many branch jobs are still safe from machines 2 min read Modernizing the bank’s app and digital-banking experience won’t necessarily result in Citigroup needing fewer people in its retail bank, CEO Michael Corbat said. Read More → HOT MIC The backstory of Goldman Sachs' Marcus app, three years in the making Q: Do you think we really have transparency today, or are we getting there? A: “Inertia is the most pernicious of the ailments that face the consumer who is failing to address their financial well-being. I do think we are getting there … and giving consumers a transparency, clarity and a visual understanding of what those choices are is the way we get to help consumers achieve financial well-being,” says Adam Dell, head of product at Marcus. Get the whole conversation → In|Vest 2020 – First Call savings end Friday, Jan. 24 In|Vest 2020 will define the next decade of digital transformation in wealth management. Join the industry’s leaders this June 18-19 in New York City. Registration is now open for In|Vest 2020, taking place June 18-19 in New York City. • Get Your FIRST CALL Ticket → First Call savings ($700 off) end Friday, Jan. 24 • Want to Speak? → The call for speakers is open through January 24. • Demo at In|Vest → Applications for live wealthtech demos now open. See Full Agenda → Raising Capital Gene Ludwig, Chip Mahan launch $545M fund for bank-friendly fintechs By Penny Crosman 4 min read Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors. Read More → ABOUT IN|VEST In|Vest is the home of the wealthtech community and the digital leaders in wealth management. Since its inception, we've united more than 5,000 executives to explore the changes in the market and discover innovations in investing, saving and financial advice. Join us at our next event.... Learn More → Unsubscribe | About | Contact | Privacy Arizent One State Street Plaza 27th Floor, New York, NY 10004 ©2020 Arizent. All rights reserved.