Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
February 11, 2025
Schwab Expands 24-Hour Trading to All Its Retail ClientsThe firm seeks to capture demand from investors piling into U.S. stocks amid elevated prices.
February 10, 2025
TD Bank Sells Schwab Stake, Expects to Raise $14BToronto-Dominion will sell 184.7 million shares of Schwab’s common stock, representing 10.1% economic ownership.
February 04, 2025
Robinhood Says CFTC Asked It to Halt Super Bowl WagersThe agency said it has “serious concerns” about firms offering access to contracts that may not be legally permissible.
January 21, 2025
Schwab Earnings Top Estimates on Record InflowsTotal client assets were $10.1 trillion, after passing $10 trillion for the first time in November.
January 07, 2025
TD Mulling Fate of Schwab Stake in Review, Incoming CEO SaysThe review stems from the Canadian bank's U.S. money-laundering scandal.
December 27, 2024
How Advisors Can Protect Clients From Instant Payment FraudScams using Zelle and other platforms are on the rise. Here's what advisors can do.
November 25, 2024
Wells Fargo Loses Head of Advisor Recruiting to PNCBrendan Krebs will be managing director of PNCI Wealth Advisors.