Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab to Pay SEC $186M Over 'No Hidden Fee' Claims for Cash-Heavy Robo
By Melanie WaddellIntelligent Portfolios' cash allocations, up to 29%, made money for Schwab while reducing returns, the SEC said.
April 28, 2022
RBC Clearing Launches New Tech Platform for RIAs, BDs: Tech RoundupAlso, AI-powered prospecting solution Catchlight integrates with Redtail.
April 26, 2022
Fidelity to Offer Bitcoin in 401(k)sSome 23,000 firms using Fidelity to administer their retirement plans will soon be able to offer Bitcoin as an investment option.
April 22, 2022
Schwab Integrates With Salesforce Financial Services CloudThe pact will enable independent advisors to access Schwab data and perform workflows directly from Salesforce's CRM platform.
April 21, 2022
How Interactive Brokers Lures RIAs From RivalsEasy crypto access is just one offering leading RIAs away from bigger firms like Schwab, marketing exec Steve Sanders says.
April 21, 2022
Fidelity Launches 'Gamified' Educational Metaverse ExperienceThe new Fidelity Stack teaches the basics of investing in ETFs including its news metaverse-themed fund.
March 24, 2022
Fidelity Launches Business Mimicking Hedge-Fund StrategiesThe firm plans to leverage growing interest in liquid alternatives as well as offer more diversified strategies to clients.
March 24, 2022
Fidelity Fund Pioneer Edward Johnson III Dies at 91He revolutionized financial management by promoting mutual funds for retirement plans and money-market checking accounts.