Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Why the Advice Industry Isn't Paperless Yet: Schwab Exec
By Jeff Berman"Some of the obstacles" that remain "sit with us, the custodian," a Digital Advisor Solutions exec says.
April 21, 2021
BNY Mellon's Pershing Realigns U.S. BusinessEffective May 1, the firm will be newly aligned under two main segments: Wealth Solutions and Institutional Solutions.
April 19, 2021
Schwab, Pershing 2021 Conferences to Be VirtualBoth conferences are virtual due to the pandemic and will be free.
March 31, 2021
Schwab Sues Ex-Client Who Won't Return $1.2M Sent by MistakeThe firm alleges that a former client refuses to return money "inadvertently transferred" to her Fidelity account due to a software error.
March 31, 2021
Schwab Expects 'Activist' SEC Under Gensler; Senate Sets Confirmation Vote DatePayment for order flow is a likely SEC target, and Schwab expects to be "very active" advocating for advisors on that issue.
March 30, 2021
Schwab, TD Ameritrade 'Aggressively' Hiring Service Staff After Advisor ComplaintsExecs of the companies addressed top advisor concerns about the integration of TD Ameritrade.
March 10, 2021
Regulation Is Key to Wide Adoption of Crypto: S&P Global RatingsA new report discusses the current climate for cryptocurrencies as investments and what it will take to make them more mainstream.
February 22, 2021
Apex Clearing to Go Public via SPACDo partners Northern Star and Apex view this deal as an "opportunity to take on #Schwabitrade more directly?" asks blogger Michael Kitces.