Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
BNY Mellon's Wealth Unit Names Next CIO
By Jeff BermanSinead Colton Grant will succeed current Chief Investment Officer Leo Grohowski, who is retiring at year-end.
August 14, 2023
Schwab Says TD Ameritrade Deal Leading to Retail, Advisory AttritionThe firm has stepped back from some custodial relationships with institutional clients, CFO Peter Crawford said Monday.
August 11, 2023
This Is Not the 'Altruist' You're Looking for: Michigan RIA Sues for Trademark InfringementAltruist Financial Advisors' CEO says his firm has received money intended for the California-based custodian.
July 24, 2023
Creative Planning Adds Goldman as CustodianThe deal gives Creative advisors access to a wider range of solutions.
July 14, 2023
Schwab to Close, Downsize Offices in 10 CitiesAffected employees will work remotely, in a shift from a recently announced return-to-office mandate.
July 12, 2023
Do Schwab's New HNW Services Threaten Advisors?Experts debate if the offerings are handholding for wealthy DIY clients or competition for RIAs' hands-on services.
June 27, 2023
Fidelity Eyes Spot ETF as Bitcoin Nears One-Year HighBlackRock recently filed its application for a spot Bitcoin ETF, which sent Bitcoin to a new high for 2023.
June 09, 2023
TD Ameritrade Clearing Hit With $500K FineConfirmations sent to nearly 10 million clients did not disclose that the ETNs and preferred securities in question were in fact callable, FINRA said.