Clearing and Custodial Firms
Read up on clearing and custodial firms serving RIAs and others in the wealth management arena.
Schwab Eyes 20% Growth After $1.2T Milestone
By Emily GraffeoSchwab Asset Management exec Omar Aguilar cites the firm's "amazing distribution capabilities" for his optimism.
May 28, 2024
Wall Street Moves to Fastest Settlement of Trades in a CenturyIt's not the first time Wall Street has undergone such a change, but it could be the most challenging.
May 16, 2024
Schwab Shakes Up Exec Team; Bernie Clark Steps DownJon Beatty, now COO of Advisor Services, will take the helm of the unit on June 28.
May 10, 2024
Schwab Shuts TD Ameritrade Platforms for GoodThe migration of the remaining 1.8 million TDA accounts will be completed this weekend.
May 03, 2024
SoFi Securities Hit With $1.1M FINRA Fine Over Theft in Cash AccountsSoFi's lack of protections resulted in customers using accounts to steal $2.5 million, FINRA says.
May 02, 2024
Vanguard Adds Fees for Some Brokerage ServicesVanguard will charge $25 to buy or sell its ETFs and mutual funds over the phone, with some exceptions.
April 15, 2024
Schwab Beats Q1 Revenue Target After Tough YearThe final 10% of TD Ameritrade advisors and clients are moving to Schwab in May, says CEO Bettinger.
April 04, 2024
Best & Worst Firms for Self-Directed Investors: J.D. Power, 2024Satisfaction for DIY investors is flat this year, but it improved for those seeking guidance, which shows the power of personalization.