Schwab Intelligent Portfolio Scam!

Charles Schwab gets caught in a lie! Schwab may have to pay you so money! Here are my thoughts on Charles Schwab's "scam".

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money.

#retirement #retirementplanning #dohstr8
---Ready to subscribe---

For more information visit:

--- Instagram @jazzWealth

--- Facebook

--- Twitter @jazzWealth

[Arlo-Official]

We received 4 lettters from Schwab this week. I thought they were year-end junk and I almost shredded them. Turns out each was a check; one for each robo account we had 2 years ago. More than $1, 000 total. Thanks for explaining this so clearly.

[dapetik]

I'm very unhappy with the performance of my schwab managed account. What is a better alternative?

[billyrayband]

If the client got the .5% on their cash they were promised, they really had nothing to complain about. Its hardly unusual that a bank uses cash deposits to do loans, its the basic way they make money.

[akin]

It wasn't a hidden fact they had a large allocation in cash. It was out in the open. I'm surprised the case was won against Schwab. I say this as someone with a Schwab account that refuses to use their robo-advisor.

[jimroberts]

No 'admission of guilt'...so they must not have done anything wrong-...correct?? Wells Fargo must be proud of Schwab

[akwolf]

This is the exact reason I pulled my money out from their hands and now do my own. I'm still with Schwab, but handle my own investing. I got tired of seeing so much cash just sitting there not in the market, and I figured that was what they were doing with it. This was just over a year ago that I pulled it. Hopefully I will get a little bit of this :)

[misterhollands]

I was almost thinking about setting up an Intelligent Portfolio today. So glad I researched.

[confirmhandle]

If the bank promises you 0.5% and they give you 0.5%then you have nothing to complain about. That's none of your concern what they're doing with your money. This is what you signed up for.

[DiosNoEsGrande]

If the cash is insured (which it is), what is wrong with this? Nothing. If disclosure is common, then yes, they should have stated that. I think there is more to the fine unless not disclosing is a big no.

[BR-qgjd]

that's fine to me cause it's expected my big question is how was the returns on the stocks etc

[harrychu]

I predict that commissions will make a come back now that the establishment has returned to power. No more commission free trading on the horizon.

[charliesanchez]

I got approved my Scharles Schwab credit card 2021 and I almost convincing to use their AI for 5K, then I decide not to do it after I read so many reviews they’re not really making money that how they promised.

[deadenddirtroad]

Dustin, thank you for these short hit videos. I appreciate the time and effort you take to do this.

[jamest]

What’s the intro music please… heard it in NOLA once and don’t know who the artist is. Thanks.

[erniekeller]

I elected my sweep and naturally assumed Schwab made money on it. I'm self directed which is the super intelligent option. Why pay somebody to make mistakes when I can make them myself for free? 🙂

[reel]

Should my first question when searching for a private financial advisor be "Are you a fiduciary"?

[knowthyself]

No honor amongst thieves. If legal, still not just.

[vzr]

Wow it’s crazy that every bank does this what a goon! Who really thinks there money just sits in a safe!

[knetge]

do you know if i'm able to take my self off the Intelligent Portfolio and amig it my self ?'

[jfc]

I have two brokerage accounts in Schwab. The one managed by myself has 11.25% yearly return. Another one is Schwab Intelligent Portfolio which has 7.34% yearly return. Because of capital gain tax, I do not know how to get rid of this Intelligent Portfolio account.