Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab Rebounds as CEO Bettinger Says He Bought 50,000 Shares
By Silla BrushSchwab, like SVB, has a large investment securities portfolio and is sitting on sizeable paper losses in its held-to-maturity books.
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.
February 17, 2023
Fidelity to Hire 4,000, Including Advisors, in First Half of 2023The announcement follows a year in which it hired more than 17,000 associates.
February 17, 2023
LPL's Enyedi, Audette Take On Expanded RolesLPL says it's realigning its management to provide a more integrated client experience.
February 06, 2023
United Advisor Group Launches as RIA AggregatorThe new firm has selected Goldman Sachs Advisor Solutions as its custodian.
February 06, 2023
Joe Duran Steps Down as Goldman Partner, Stays as RIA ConsultantThe move comes as Goldman continues its push to become a top custodian to RIAs.