Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Advisor Accused of Stealing Millions From Widowed Aunt, Former Exec
By Dinah Wisenberg BrinScott Mason and his firm may have misappropriated money from several other investors, the widow's lawyer says.
July 31, 2024
Pershing Hit With $1.4M Fine Over Bad Interest Rate DataOne million account statements and trade confirmations had inaccurate interest rate information for some securities, FINRA said.
July 19, 2024
Brokerages, Banks Caught Up in Massive Tech OutageClients at Bank of America, JPMorgan Chase, Schwab and Wells Fargo reported problems Friday morning.
July 16, 2024
Schwab's Stock Sinks After It Vows to Shrink BankThe latest move comes after fewer clients opened new brokerage accounts in the second quarter than analysts were expecting.
June 25, 2024
World's 20 Biggest Asset Managers: 2024Fourteen of them are based in the U.S., according to ADV Ratings.
June 17, 2024
Schwab Eyes 20% Growth After $1.2T MilestoneSchwab Asset Management exec Omar Aguilar cites the firm's "amazing distribution capabilities" for his optimism.
June 11, 2024
Schwab Customers Fume Over Persistent Login ProblemsUsers of Schwab's thinkorswim app also experienced login issues.
June 04, 2024
Fidelity Puts Pay-to-Play Pressure on ETF IssuersThe firm wants deals giving it 15% of fund revenue or it may charge investors a $100 fee.