Robo-adviser

Robo-adviser

Charles Schwab to pay $187 million to settle SEC charges that it misled robo-advisor clients on fees

Charles Schwab agreed to pay $187 million to settle an SEC investigation into alleged hidden fees charged by the firm’s robo-advisor, Schwab Intelligent Portfolios, according to an agency announcement on Monday. “Robo-advisor” is shorthand for a digital investment service that uses algorithms to judge how to ...Read More