February 5, 2012

Romney's IRA holdings pique interest

By Dan Jamieson

Custodians that specialize in the handling of illiquid securities hope to see more asset flows from the publicity over Mitt Romney's huge IRA. Mr. Romney, the Republican presidential candidate and co-founder of Bain Capital LLC, reportedly holds investments run by Bain worth...

• custodians,
• Individual retirement accounts (IRAs),
• private-equity funds

January 18, 2012

Another big custodian cutting its payroll

Northern Trust latest to downsize; total layoffs among top three custody banks could top 4,450

• custodians

January 17, 2012

TD Ameritrade rakes in $10.2B in net new assets in the fourth quarter

By Dan Jamieson

TD Ameritrade Institutional is helping its parent company bring in higher levels of net new assets.

• custodians,
• earnings,
• TD Ameritrade Institutional

December 12, 2011

BNY Mellon sued for negligence over Madoff

Bank of New York Mellon Corp. was sued on behalf of three funds for negligence in connection with the Ponzi scheme run by convicted fraudster Bernard L. Madoff.

• Bank of New York Mellon Corp.,
• custodians,
• lawsuits,
• Ponzi schemes

November 27, 2011

Schwab in front as custodians set plans to finance adviser succession

By Dan Jamieson

The Charles Schwab Corp.'s plans to offer financing for financial adviser succession plans is putting pressure on other custodians to do the same, observers say

• Charles Schwab & Co.,
• custodians

November 21, 2011

Ex-Schwab pro launches M&A, succession advice business

By Dan Jamieson

The former managing director of strategic business development at Schwab Advisor Services, has launched his own consulting practice.

• Charles Schwab & Co.,
• custodians

November 3, 2011

Valuations plumping up as RIA deals approach record

By Andrew Osterland

National consolidators, PE firms leading the charge; fourth quarter deals already hopping

• custodians

October 27, 2011

TD reports record breakaway numbers

By Dan Jamieson

TD Ameritrade Institutional has attracted a record number of breakaway brokers to its custody platform during the fiscal year ended in September

• custodians,
• independent broker-dealers,
• TD Ameritrade Institutional

October 23, 2011

Raymond James to ramp up custody unit

By Dan Jamieson

Raymond James executives are taking steps to boost the profile of the firm's small custody unit, and they are hinting at bigger things to come

• custodians,
• Raymond James & Associates Inc.

October 21, 2011

Raymond James working on no-fee ETF program

By Dan Jamieson

Raymond James Financial Inc. aims to have a no-fee ETF program up and running within six months.

• custodians,
• exchange traded funds (ETFs),
• Raymond James & Associates Inc.