Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Do Schwab's New HNW Services Threaten Advisors?
By Jeff Berman | Janet LevauxExperts debate if the offerings are handholding for wealthy DIY clients or competition for RIAs' hands-on services.
May 05, 2023
Oppenheimer Ordered to Pay Another $14M Over Ponzi SchemeA FINRA arb panel ruled against Oppenheimer for a third time after clients were steered to invest in a sketchy fund.
April 27, 2023
Fidelity Unveils New Digital Experiences For Next-Gen Investors: Tech RoundupAlso, iCapital has introduced structured investments via Envestnet's platform.
April 18, 2023
LPL Picks Up $3.1B Firm From TD AmeritradeLPL now supports over 21,000 financial advisors, including advisors at about 1,100 enterprises and at about 500 RIAs.
April 14, 2023
Schwab Faces Fresh Risks in the Zero-Fee Landscape It ShapedZero-fee trading paved the way for its $26 billion purchase of TD Ameritrade, but also knocked out a sizable revenue stream.
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.