Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
SoFi Securities Hit With $1.1M FINRA Fine Over Theft in Cash Accounts
By Melanie WaddellSoFi's lack of protections resulted in customers using accounts to steal $2.5 million, FINRA says.
April 04, 2024
Best & Worst Firms for Self-Directed Investors: J.D. Power, 2024Satisfaction for DIY investors is flat this year, but it improved for those seeking guidance, which shows the power of personalization.
March 14, 2024
Schwab Sees Bounce in February ResultsNet new assets surged 114% from January but were down 24% from a year earlier.
March 06, 2024
Advyzon Taps Schwab Veteran to Lead New UnitKartik Srinivasan will focus on developing offerings that cater to the growing needs of advisors serving more complex clients.
February 26, 2024
7 Emerging Challenges for Advisors, and How Custodians Want to HelpAt a NAPFA conference, execs from Schwab, Pershing and other custodians weighed in on what's next for RIAs.
February 20, 2024
Dynasty Taps Schwab Veteran Tim Oden as Executive-in-ResidenceOden, an RIA specialist, joins Dynasty after leaving Schwab last fall.
January 18, 2024
Robinhood to Pay $7.5M Over 'Gamification' PracticesThe case resolves a three-year fight with the Massachusetts Securities Division; Robinhood also admitted to a data breach.
January 17, 2024
Schwab Slides as CEO Flags Its Most Challenging Time Since 2000"No one at Schwab is kidding themselves that everything is perfect right now," said CEO Walt Bettinger.