Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
November 01, 2023
Schwab Layoffs of 2,000 Have BegunThe firm says it's cutting 5%-6% of its workforce, which totaled 35,900 on Sept. 30.
October 25, 2023
Schwab Poised to 'Navigate This Pain': CEO BettingerAt its Impact event, CEO Walt Bettinger addressed issues tied to interest rates and the TD Ameritrade integation.
October 20, 2023
New Custody, Clearing Firm Launches With Ex-Hightower Exec at HelmCatherine "Cat" Davies, previously Hightower chief solutions officer, was picked to lead Innovayte.
October 18, 2023
Hybrid RIA Concurrent Adds Schwab as Custodial Option for AdvisorsConcurrent, a former OSJ with Raymond James, relaunched this year as a hybrid RIA.
October 17, 2023
BNY Mellon's Pershing Expands Clearing Deal With Lincoln InvestmentLincoln also selected Pershing X's Wove wealth management platform to provide tech solutions to advisors.
October 10, 2023
$1.9B Advisor Team Leaves Morgan Stanley to Launch RIASpirePoint Private Client is using Goldman Sachs Advisor Solutions as its custodian.
September 25, 2023
Schwab Call Center Woes Plague RIAs After TD Ameritrade Move"I can tell you the company line from Schwab is very misleading," one advisor said.
September 22, 2023
Altruist Ends Portfolio Software Fee for AdvisorsThe custodian had been charging a monthly portfolio accounting fee of $1 per brokerage account.
September 12, 2023
LUMINARIES 2023 Finalists: Financial & Investment Innovation — Firms, Group 1These firms have created unique products, services and processes that meet advisors' and investors' latest needs.
September 05, 2023
SEC Charges 5 Advisory Firms With Custody Rule ViolationsThe firms will pay a total of $500,000 for failures tied to the safekeeping of client assets and timely disclosure updates.