Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab Wins $7M From Morgan Stanley, Ex-Advisors
By Joe SchneiderChristopher Armstrong and Randall Kiefner, fired by Morgan Stanley for violating its transition policy, refuse to pay their share. "
March 15, 2023
Altruist Buys Rival Custodial Platform SSGThe acquisition will help Altruist, led by Jason Wenk, double the footprint of its RIA-exclusive services and products.
March 14, 2023
Schwab Rebounds as CEO Bettinger Says He Bought 50,000 SharesSchwab, like SVB, has a large investment securities portfolio and is sitting on sizeable paper losses in its held-to-maturity books.
March 13, 2023
Schwab Stock Pares Decline After Brokerage Seeks to Calm InvestorsSchwab, like SVB, has a large investment securities portfolio and is sitting on significant paper losses in its held-to-maturity books.
March 08, 2023
Schwab, NYSE and Citadel Unite Against SEC Market-Rules RevampThe new regulations, if finalized, could damp liquidity in the stock market, the firms said.
March 03, 2023
New SEC Custody Rule Would Scare Away Qualified Custodians: LawyerThe rule, if adopted, would entail repapering all custodian relationships for most SEC-registered RIAs, Valerie Mirko says.
March 01, 2023
Ex-Vanguard Broker Charged With Killing Girlfriend Is Suspended by CFP BoardJohn Poulos of Texas was charged with femicide and obstruction of justice in Bogota, Colombia.
March 01, 2023
RBC C&C Adds Vestwell as Exclusive 401(k) Platform ProviderVestwell's technology will help RBC's advisor clients efficiently service 401(k) and 403(b) plans.