September 10, 2021
Digital programs are increasingly used to automate everything. This class action brings suit against Charles Schwab Investment Advisory, Inc. over its digitized investment-advice “robo-advisor” program Schwab Intelligent Portfolios (SIP program). The complaint alleges that, while the SIP program advertises itself as being lower-cost than other programs in certain ways, it involves “self-dealing” by the company that earns it considerable amounts.
Case Event File: Charles Schwab Earnings from Intelligent Portfolios Program ComplaintRelated to: Charles Schwab Earnings from Intelligent Portfolios Program Class Action