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Rating:7. Walt Bettinger Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 24, 2010

2010 MOST INFLUENTIAL PEOPLE
7. Walt Bettinger

Reported by InvestmentWires Staff, 

Walt Bettinger
Charles Schwab
President and CEO
Talk to Walt.

Chuck Schwab and John Coghlan made a bold bet in 1995 buying a little-known TPA back office named the Hampton Company. At the time, the buzz was that Schwab [see profile] wanted to be "top five in five" in the 401(k) business. Instead, the dotcom bubble inflated and first Coghlan, then David Pottruck, left Schwab and Walt Bettinger -- who founded Hampton as a 22-year-old -- has the top job.

Under Bettinger, Schwab is making an impact in the ETF space, both as a fund sponsor and a distributor. Last year, the San Francisco-based firm kicked off a price war when it priced its proprietary ETFs' commission at nothing. Schwab's OneSource mutual fund supermarket, the granddaddy of the industry, remains the leader for fund firms reaching fee-based advisors. 

See the list of all the 2010 Most Influential People



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