This is a real toxic situation for Schwab. Cost a lot of their smartest, most conservative, high net worth clients a lot of money. It appears they damaged a lot of advisors reputations. $12 Billion dollars worth. These kinds of people do not go away quietly. Schwab may use the "its your fault" routine, but they were not very truthful or upfront with their marketing approach or answers. Just check out SWYSX. Even as the fund was imploding, they were encouraging clients to hold. It appears they were busy getting themselves out of their "fund of funds". CYA mode is in full swing at Schwab.