MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 4, 2011 Schwab's Money Market Fee Waivers Will Rise Again Schwab's [see profile] money market pain may be on the rise again. Schwab chief financial officer Joe Martinetto said during the company's winter business update that Schwab could waive about $115 million per quarter in money market mutual fund fees this year in light of low interest rates, the Wall Street Journal's Brett Philbin reports. That's down from the peak $125 million Schwab waived in Q1 2010, but a rise from the $93 million it waived in Q3 and the $102 million it waived in Q4. Printed from: MFWire.com/story.asp?s=35938 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |