Schwab Performance Technologies Sucks Customer Reviews and Feedback
The Charles Schwab Corporation, is an American multinational financial services company founded and based in San Francisco, California. Headquartered in the SOMA District, San Francisco, Charles Schwab is the 14th largest banking institution in the United States with over US$3.3 trillion in client assets as of 2019. It is the third largest asset manager in the world, behind BlackRock and Vanguard. The firm is known for its electronic trading platforms, investor education, and discount brokerage services, particularly reduced and free trading commission charges. Schwab Performance Technologies SPT provide technology solutions to independent investment advisors, while Schwab provides them and their clients with custody, trading, and related support services. SIT, SPT and Schwab are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other.
On Aug 2018 a former employee wrote for Indeed about how working at Schwab sucks: Schwab is a negative environment where employees are micro managed. Raises are terrible if at all. I do not recommend them as any kind of long term place to work. They hire outsiders rather than promote from within.
Former Employee - Anonymous Employee says"Can get slow. Sometimes seems like the company is not an innovator and can be behind the times."
In The News
RIABiz reports"Charles Schwab & Co. makes mutual fund owners fume by denying access to critical RIA asset data; some call it a 'cynical power play;' Schwab calls it a OneSource streamline"
Financial Planning reports"Charles Schwab survey says advisors worry about recession"
Morning Call reports"Robinhood has lured young traders, sometimes with devastating results"
CNN reports"Charles Schwab talks brokerage wars"