Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab Rehires RIA Exec From LPL
By Janet LevauxJulian Lopez has spent most of his career with Schwab Advisor Services and other parts of the firm.
April 01, 2025
Ex-Schwab CEO Walt Bettinger Joins Private Equity FirmBettinger, now a senior advisor to Clayton Dubilier & Rice, will remain Schwab's co-chairman.
March 27, 2025
Robinhood Wants to Be Your Clients' Wealth Manager for $250 a YearThe firm also plans to roll out banking services and an AI investment tool later this year.
March 24, 2025
Fidelity, Schwab Block Clients From Buying 3 BlackRock and Texas Capital ETFsThe firms are stopping purchases of three ETFs that track money-market securities.
March 14, 2025
Schwab Stock Jumps After 44% Rise in New AssetsNew new assets were $48 billion in Feburary, as total assets rose to nearly $10.3 trillion.
February 13, 2025
Schwab to Raise Advisor Network Referral Fees by 5%The fee changes for advisors utilizing the Schwab Advisor Network program will take effect later in 2025.
February 11, 2025
Schwab Expands 24-Hour Trading to All Its Retail ClientsThe firm seeks to capture demand from investors piling into U.S. stocks amid elevated prices.
February 10, 2025
TD Bank Sells Schwab Stake, Expects to Raise $14BToronto-Dominion will sell 184.7 million shares of Schwab’s common stock, representing 10.1% economic ownership.