All articles tagged with #brokerage
Originally Published 2 days ago — by The New York Times
Compass has acquired Anywhere Real Estate for $1.6 billion, creating the world's largest real estate brokerage with a combined value of about $10 billion, expanding its global influence and consolidating numerous major brands under one network.
Originally Published 1 year ago — by The New York Times
Brokers are grappling with significant changes in fee structures, which have been described as chaotic. These shifts are impacting how financial services are delivered and priced, prompting a reevaluation of strategies to adapt to new regulatory and market conditions.
Originally Published 1 year ago — by Frequent Miler
Robinhood has announced a waitlist for its upcoming "Robinhood Gold Card," which will offer 3% cash back on all purchases and 5% back on purchases made through the Robinhood travel portal. To be eligible for the card, individuals must subscribe to Robinhood Gold, which costs $6.99 per month or $75 per year. The company is also offering a referral promotion where individuals can receive a solid gold card or $1,100 in cash for referring 10 people to sign up for Robinhood Gold. While the card's benefits are intriguing, there are concerns about its long-term sustainability and the value proposition for prospective customers.
Originally Published 2 years ago — by Bloomberg
China's largest brokerage, Citic Securities, has suspended short selling for some clients in mainland markets and stopped lending stocks to individual investors amid a deepening stock market rout. The brokerage also raised requirements for institutional clients after receiving guidance from regulators.
Originally Published 2 years ago — by Bloomberg
Charles Schwab Corp. reported declines in profit, new assets, and deposits in the fourth quarter, with net new assets falling 48% to $66.3 billion and net income dropping by almost half. Bank deposits declined 21% to $290 billion, and the company's total retail brokerage accounts fell short of analyst estimates at 34.8 million, as it navigated a tough year of interest rate hikes.
Originally Published 2 years ago — by Barron's
Robinhood has agreed to pay up to $10.2 million to settle allegations relating to compliance problems at its brokerage unit during service outages in March 2020. The case was brought by a multistate coalition of securities regulators.
Originally Published 2 years ago — by Fox Business
Charles Schwab reported $53 billion in new client assets last month, the second-highest in company history, despite market turmoil and the ongoing banking crisis. The financial services and brokerage firm also said deposit flows remained consistent. The company remains confident in its client-centric growth model and is performing well, according to a statement. Earlier this week, Charles Schwab earned the highest ranking in investor satisfaction among full-service wealth management firms in the J.D. Power 2023 U.S. Investor Satisfaction Study.