Fidelity puts David Canter in charge of RIA segment

Replaces Bob Oros, who departed in January

Mar 6, 2017 @ 2:08 pm

By Jeff Benjamin

David Canter has been appointed head of the RIA segment at Fidelity Clearing & Custody Solutions, succeeding Bob Oros, who left the company in January to take over as CEO of HD Vest Financial Services Inc.

Mr. Canter, 48, joined Fidelity in 2009 as chief operating officer for the RIA custody business. He took over leadership of the practice management and consulting business in 2010.

In his new role, in charge of the registered investment adviser segment, he will oversee sales and relationship management.

Like Mr. Oros, Mr. Canter will oversee 120 people, including seven regional managing directors, and he will report directly to Sanjiv Mirchandani, president of Fidelity Clearing & Custody Solutions.

"I am energized by the opportunity to evolve my career at Fidelity, while remaining focused on my passion for the RIA industry," Mr. Canter said. "With this announcement, I am moving to exclusively focus on the RIA segments."

Fidelity also announced Matt Chisholm, who previously reported to Mr. Canter, will take over as head of practice management and consulting.

Mr. Chisholm, 43, has been with Fidelity for 10 years and has worked closely with Mr. Canter.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

How are financial services reacting to 'Times Up?'

There is much left to be done to reach full equality, say Estee Jimerson of Envestnt, but things are improving.

Latest news & opinion

Morningstar evolving well beyond its origins analyzing mutual funds

Led by CEO Kunal Kapoor, firm is moving way past ratings — and financial advisers are paying close attention.

Focus Financial IPO could be a sell signal for RIAs

The $100 million stock offering will fine-tune RIA valuations.

Ex-Edward Jones broker sues former firm, alleging racial bias

Complaint alleges the firm's policies limit African-Americans' 'income and advancement opportunities'

Piwowar defends SEC's best-interest rule

SEC commissioner says the Department of Labor rule set up an 'unworkable, impossible set of standards for people to comply with.'

RIA in a Box acquired by private equity firm Aquiline Capital

New owners plan more growth for the software service provider.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print