Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
New Custody, Clearing Firm Launches With Ex-Hightower Exec at Helm
By Jeff BermanCatherine "Cat" Davies, previously Hightower chief solutions officer, was picked to lead Innovayte.
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.
September 05, 2023
No Big Issues With TD Ameritrade Integration: Schwab"This weekend, we moved [over] 7,000 advisor firms ... to [our], platform," said Schwab Advisor Services' Bernie Clark.
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.