Technical challenges may push Schwab's ETF-only 401(k) plan schedule into 2014 -- deferring an intriguing financial clinical trial
The bad news for Bettinger: a few million more lines of code; The good news: Fidelity won't seek to capitalize on the extended deadline
Related Moves
Chuck Schwab reveals Part B, doubling-down on Walt Bettinger by making him co-chair, a day after Part A -- wagering $15 billion from the Schwab corporate treasury on the CEO's future leadership
The 84 year-old founder's elevation of his 61-year-old protege may foretell bigger fireworks from Rick Wurster who recently took over many of Bettinger's CEO duties, one executive recruiter says.
July 30, 2022 at 12:41 AM
Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge
The Schwab CEO gets 2016 'Windhaven' hire to share burden of governance from enormity of $8-trillion post-TDA, post-USAA, post-Motif growth.
December 20, 2021 at 11:59 PM
Elmer Rich III
It would be great if there were some experimentation and testing of this before sales. Beta testing, so to speak.
It would also be a sales benefit to be able to deliver data and evidence to predict behaviors and outcomes.
Robert Boslego
It seems to me that mutual funds are dinosaurs and will become extinct with ETFs replacing them, but I’m not sure how long it will take…could be slow or much faster than anyone expects today, as revolutionary change sometimes happens.
Elmer Rich III
That is an interesting idea. Wonder what the data says? Two questions: How much new money is going To ETFs? How much old is converting out of funds.
Starting with Peter Magellan, funds have served a purpose but it is true, evolution does not stop.
