Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
LUMINARIES 2023 Finalists: Financial & Investment Innovation — Firms, Group 1
By Michael S. FischerThese firms have created unique products, services and processes that meet advisors' and investors' latest needs.
August 31, 2023
Schwab, Creative Planning Sued Over $9.5M LossA "reckless and negligent stock options investment strategy" led to the loss of the client's Boeing stock, the suit claims.
August 30, 2023
Fidelity Clients Irate Over Website, App ProblemsOn Downdetector, clients said trading accounts showed no positions or their accounts seemed to be "hidden."
August 24, 2023
Schwab, TD Ameritrade Hit With Class-Action Suit Over MOVEit HackSchwab and TD waited nine weeks before telling the 61,000 affected customers about the breach, the suit says.
August 24, 2023
LPL to Add $50B in Prudential Wealth AssetsAssets held at Fidelity's National Financial, other third parties and Prudential should move to LPL by late 2024.
August 22, 2023
Schwab to Sell $2.35B Bond Amid Job, Office CutsIts shares fell as much as 5.2% on Tuesday, putting it on track for its eleventh straight day of losses.
August 15, 2023
BNY Mellon's Wealth Unit Names Next CIOSinead Colton Grant will succeed current Chief Investment Officer Leo Grohowski, who is retiring at year-end.
August 15, 2023
Ex-Vanguard CEO Joins VC Firm as AdvisorWilliam McNabb already serves on the boards of Venrock portfolio companies Altruist and Vanilla; he also has invested in both firms.