Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
April 14, 2023
Schwab's Top Investor Exits $1.4B Stake: ReportSchwab shares have lost nearly a third of their value since March 8, with some analysts expecting its earnings to suffer.
April 14, 2023
TD Ameritrade Site Outages Anger ClientsBefore the issues were resolved Friday, a client had tweeted: "I can't access TD Ameritrade. ... It worked fine yesterday."
April 13, 2023
Altruist Raises $112M to Take on Schwab, Fidelity: Tech RoundupFunding came from Insight Partners and Adams Street Partners, plus Bill McNabb, Ron Carson and Marty Bicknell.
April 11, 2023
Should Your RIA Add a Custodian?Regardless of its size, your RIA could benefit from a multi-custodial system.
April 07, 2023
Schwab Reveals $53B in New Client Assets for March, Seeks to Calm InvestorsIts stock, which fell out of favor with investors in the first quarter, lost more than 37% of its value during the period.
March 31, 2023
Schwab Eyes Worst Month Since 1987Its banking unit is dealing with some of the same issues that plagued the now-defunct Silicon Valley Bank.
March 27, 2023
Why Schwab's $7T Empire Is Showing CracksHigher interest rates are encouraging clients to move cash out of some accounts that bolster Schwab's bottom line.
March 27, 2023
Schwab Wins $7M From Morgan Stanley, Ex-AdvisorsChristopher Armstrong and Randall Kiefner, fired by Morgan Stanley for violating its transition policy, refuse to pay their share. "
March 23, 2023
Schwab Could Survive Fleeing Depositors: CEOEven if all depositors fled, Schwab would have adequate liquidity, CEO Walt Bettinger told The Wall Street Journal.
March 22, 2023
8 Steps Advisors Can Take to Improve the Client ExperienceSmart tech investments should be at the top of advisors' agendas, Schwab's Jalina Kerr says.