The Schwab-TD Ameritrade Deal Is Finally Here

We also present author and RIA Creative Planning President Peter Mallouk's views on what it means for the industry, along with insights from former columnist and head of BNY Mellon Pershing's Advisor Solutions unit Mark Tibergien."This will be an interesting decade for transformation in the business," Tibergien says.

While the cover story focuses on the behemoths in the advisor space, Tim Welsh's Industry Insights contribution this month zooms in on what's happening at the ground level. As usual, he offers an interesting look at the dynamics of the RIA field and some of the positive trends affecting smaller advisory firms.

"Despite the purchase of small-advisor friendly TD Ameritrade, there are many advancements in technology and new service model choices, making the opportunities for smaller advisors never better," Welsh explains.

In addition, columnist and consultant Angie Herbers tackles growth strategies for RIAs in the face of growing competition and consolidation. "The future of the space will be determined by how well leaders are able to balance multiple areas to grow their firms," she writes.

Meanwhile, we're pleased to share the latest thinking of portfolio expert Bob Rodriguez, who used to lead First Pacific Advisors, and the story of RBC Wealth Management's Ann Senne has been pushing to help the broker-dealer transform itself into a "digitally enabled" investment advisory business.

At a tumultuous time in the industry — and in the country, we wish you a safe and sound autumn and Thanksgiving. We also thank you for your continued support of this publication. Please send any news and views to [email protected].