Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Pershing Hit With $1.4M Fine Over Bad Interest Rate Data
By Melanie WaddellOne million account statements and trade confirmations had inaccurate interest rate information for some securities, FINRA said.
June 25, 2024
World's 20 Biggest Asset Managers: 2024Fourteen of them are based in the U.S., according to ADV Ratings.
June 17, 2024
Schwab Eyes 20% Growth After $1.2T MilestoneSchwab Asset Management exec Omar Aguilar cites the firm's "amazing distribution capabilities" for his optimism.
June 11, 2024
Schwab Customers Fume Over Persistent Login ProblemsUsers of Schwab's thinkorswim app also experienced login issues.
June 04, 2024
Fidelity Puts Pay-to-Play Pressure on ETF IssuersThe firm wants deals giving it 15% of fund revenue or it may charge investors a $100 fee.
May 28, 2024
Wall Street Moves to Fastest Settlement of Trades in a CenturyIt's not the first time Wall Street has undergone such a change, but it could be the most challenging.
May 16, 2024
Schwab Shakes Up Exec Team; Bernie Clark Steps DownJon Beatty, now COO of Advisor Services, will take the helm of the unit on June 28.
May 10, 2024
Schwab Shuts TD Ameritrade Platforms for GoodThe migration of the remaining 1.8 million TDA accounts will be completed this weekend.