Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Wells Fargo Hit With $275K FINRA Fine
By Melanie WaddellWells Fargo Clearing failed to establish and maintain a supervisory system related to municipal advisory activity.
July 18, 2025
Schwab Shares Rise on Strong Client Assets, Trading UpdatesTotal client assets climbed 14% to $10.76 trillion compared to the same period last year.
June 23, 2025
Northern Trust Commits to Staying Independent After BNY ApproachA tie-up would bring together two of the largest custodian banks in the world.
June 23, 2025
BNY Approached Northern Trust for Merger Talks: ReportThe chief executives of the banks had at least one conversation, the Wall Street Journal said.
June 04, 2025
Robinhood Is a 'Prime Candidate' for S&P 500 Addition: BofAThe trading platform’s stock has surged as both equity and cryptocurrency markets rally.
May 23, 2025
Financial Advisor Conferences in 2025: An Evolving ListDozens of industry conferences and events are on tap this year, with the biggest events hosted by custodians.
May 06, 2025
Schwab Rehires RIA Exec From LPLJulian Lopez has spent most of his career with Schwab Advisor Services and other parts of the firm.
April 23, 2025
Altruist Secures $152M in New Funding for GrowthLed by Jason Wenk, the RIA custodian is now valued at about $1.9 billion.