Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab Earnings Top Estimates on Record Inflows
By Paige SmithTotal client assets were $10.1 trillion, after passing $10 trillion for the first time in November.
November 25, 2024
Wells Fargo Loses Head of Advisor Recruiting to PNCBrendan Krebs will be managing director of PNCI Wealth Advisors.
November 22, 2024
Schwab Eyes Spot Crypto Trading Once Regulations Change“I have not bought crypto, and now I feel silly,” said incoming CEO Rick Wurster.
November 21, 2024
Schwab Reviewing Advisor Network Referral FeesThe firm says it will be transparent with advisors in the program as any decisions are made.
November 19, 2024
Robinhood to Buy TradePMR for $300M in RIA PushThe aim of the deal is to challenge Schwab and Fidelity in the fast-growing wealth management space.
November 08, 2024
Schwab Launching Mortgage-Backed Securities ETFThe new fund, containing U.S. government-backed investment-grade securities, starts trading this month.
October 30, 2024
Schwab Expands 24-Hour TradingStocks in the S&P 500, Nasdaq-100 and hundreds of ETFs will be available around the clock on weekdays.
October 22, 2024
Banks Brace for Era of Consumer Data SharingThe CFPB says bank clients will be able to demand, download and transfer their highly-coveted data to other financial firms for free. The final rule should cover checking accounts, credit cards and digital wallets, but not mortgages, student loans or car loans.