Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
State Street Buying Brown Brothers' Unit for $3.5B
By Annie MassaState Street and the BBH unit had combined assets under custody of about $37 trillion as of June 30 versus $45 trillion for BNY Mellon.
August 16, 2021
Meet the LUMINARIES Class of 2021This pioneering recognition program shines a spotlight how advisors and firms are moving the industry forward in the areas that matter most to advisors.
August 11, 2021
Fidelity's Assets Top $11T as New Retail Accounts Jump 39%: Q2 EarningsThe firm's latest results included a 26% year-over-year jump in assets under management to $4.2 trillion.
July 29, 2021
Wells Fargo Names New Head of Indie Advisor GroupJohn Tyers most recently was the chief growth officer for the fintech firm AdvisorEngine.
July 22, 2021
Schwab Charged for Failure to Stop Lapsed Advisor From Collecting FeesA third-party advisor continued to collect fees from Schwab clients for years after his registration lapsed, Massachusetts regulators said.
July 16, 2021
Schwab Reports Mixed Results: Q2 EarningsIts second-quarter results, which include those of TD Ameritrade, were hurt by a $200 million regulatory charge.
July 15, 2021
Apex Reshuffles Management, Rothschild DepartsTricia Rothschild is leaving her role as president ahead of the firm's expected $4.7 million initial public offering.
July 13, 2021
Grayscale Bitcoin Fund Advances ETF Plans With BNY MellonGrayscale Investments will use the bank's services upon the hoped-for conversion of its $21.5 billion Grayscale Bitcoin Trust.