Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab Sues Ex-Client Who Won't Return $1.2M Sent by Mistake
By Jeff BermanThe firm alleges that a former client refuses to return money "inadvertently transferred" to her Fidelity account due to a software error.
March 10, 2021
Regulation Is Key to Wide Adoption of Crypto: S&P Global RatingsA new report discusses the current climate for cryptocurrencies as investments and what it will take to make them more mainstream.
February 22, 2021
Apex Clearing to Go Public via SPACDo partners Northern Star and Apex view this deal as an "opportunity to take on #Schwabitrade more directly?" asks blogger Michael Kitces.
February 17, 2021
How Fidelity, Schwab Charitable Donors Responded to PandemicDonor-advised fund recommendations increased significantly in 2020, the two DAF sponsors reported.
February 12, 2021
BNY Mellon to Add Cryptocurrency Custody ServicesIt will be the first global bank to do so.
November 03, 2020
What the Schwab-TD Ameritrade Deal Means for Advisors: MalloukLines separating the broker-dealer and RIA business models "are going to continue to be blurred," the head of Creative Planning says.
October 02, 2020
As Schwab Gobbles Up TD Ameritrade, What Should Advisors Do?It's just four days away. Here's what RIAs with TD Ameritrade and other firms should be considering for themselves and their clients.
September 28, 2020
Raymond James Shakes Up RIA Strategy"It's a case of opportunity meets disruption," said Tim Welsh of Nexus Strategy. "It's a watershed moment."