Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
LPL Picks Up $3.1B Firm From TD Ameritrade
By Jeff BermanLPL now supports over 21,000 financial advisors, including advisors at about 1,100 enterprises and at about 500 RIAs.
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. "