Results for "custodians"
Displaying 249 results
RIAs are losing their competitive advantage
June 5, 2016
Registered investment advisers need a new card up their sleeve. For years, RIAs have marketed themselves as being a cut above their counterparts in the brokerage industry. While they followed a fiduciary standard, requiring them to act in their...
Why Pershing is cherry-picking the robo-advisers it offers its clients
May 6, 2016
Pershing has chosen to integrate a variety of robo-advisers as opposed to building or buying one, and has started with four very different choices. Bank of New York Mellon's Pershing, a custody and clearing firm, is adding three new digital...
Independent broker-dealers suffer worst year since credit crisis
April 25, 2016
For the independent broker-dealer industry, 2015 was the worst year in the last six, and 2016 promises to be just as difficult — if not more so. “If 2015 was bad, 2016 is worse,” said Joel Marks, the former chairman of independent broker-dealers...
New academic research challenges the honesty of financial advisers
March 2, 2016
Business school profs are taking it to the financial advice industry with a new paper charging economy-wide misconduct. “It's everywhere, not just small firms. It's pervasive.” Bill Gross is fighting to keep his case against Pimco from being...
Pershing names Hardwick COO as Dolly steps into CEO role
February 10, 2016
Pershing has named Lori Hardwick chief operating officer of the Bank of New York Mellon Corp.-owned brokerage and custody services business. Ms. Hardwick is joining Pershing from Envestnet Inc., a wealth management technology company, and will...
Biggest billion-dollar adviser moves since 2011
January 22, 2016
Over the past five years, big adviser moves have picked up steam. These interactive graphics offer more details on the biggest moves since 2011. Hover your cursor over the names of the firms for details on where advisers moved from, as well...
Top 10 hottest trends in the IBD industry
January 22, 2016
Advisers and their independent broker-dealers saw movement last year in regulation, investment products, business strategies, retirement vehicles and more. Here are 10 of the hottest topics, which are sure to continue to evolve as the year unfolds.
How to avoid becoming a tax scam victim
November 20, 2015
After the IRS' big data breach, you might want to file this under 'do as I say, not as I do.' But give the agency credit for trying. The IRS' 7 steps to avoid becoming a tax-scam victim. Does the strong debut for mobile payments company Square...
Fidelity, Schwab to halt AR Capital sales
November 19, 2015
A major clearing firm, Fidelity Clearing & Custody, and a leading custodian for registered investment advisers, Charles Schwab & Co. Inc., have halted or will halt by the end of the week sales of AR Capital products. Nicholas Schorsch's AR Capital's...
TD Ameritrade launches website to spur adviser advocacy
October 6, 2015
A leading custodian is trying to get advisers on its platform — and others in the industry — more involved in lobbying Congress on behalf of registered investment advisers. On Tuesday, TD Ameritrade Institutional launched a website designed...
TD Ameritrade weighs charging fund companies on its commission-free ETF platform
September 25, 2015
TD Ameritrade Inc. is weighing major changes to its commission-free ETF platform, including the possibility of levying fees on asset managers, an executive for the investment platform said Friday. Matthew Judge, director of wealth management...
Eaton Vance's NextShares gets its first custodian on board
September 8, 2015
NextShares, the new fund structure from Eaton Vance Corp. designed to reduce the costs of active management, has won its first broker-dealer partner. Two investing platforms managed by Foliofn Investments Inc. will offer the funds to financial...
Custodians try to entice breakaways with substantial perks
August 9, 2015
As larger teams move into the registered investment adviser channel, the major custodians are getting more creative and adding some sweeteners to entice big breakaway outfits. Looking to differentiate themselves by more than just their ability...
Custodians and clearing firms ranked by number of clients
August 9, 2015
Custodians ranked by number of RIA custody clients Firm Website Head of RIA custody business 2015 # of clients % change vs. 2014 Assets under custody ($M) % change vs. 2014 Minimum assets of advisers Schwab Advisor Services http://www.advisorservices.schwab.com...
Advisers' deaths without transition plans force custodians into action
August 9, 2015
When investment advisers who are sole proprietors die unexpectedly without a continuity plan in place, the firms where they house client assets react rapidly. “Custodians are increasingly adept and swift at taking action,” said Brian Hamburger,...
Is it time to jump into energy stocks?
August 4, 2015
If 13 weeks of falling energy-stock prices has you looking for an entry point, hold your fire. By most measures, the energy sector is still expensive As Curian Capital prepares to close up shop, competitors are swooping in to recruit advisers...
SEC appeals own judge's decision in case on custodians' payments to advisers for fund picks
June 29, 2015
The Securities and Exchange Commission is fighting a decision by an in-house agency judge to dismiss charges accusing two financial advisers of not informing clients they were paid by Fidelity Investments to sell certain mutual funds. In a filing...
Breaking down the best robos for your practice
June 25, 2015
There's a lot to consider when managing a financial advisory practice, but one of the more ever-present components of the business these days is whether to offer an automated online investment platform. Robo-proofing a practice is one of the...
Automated advisers attract much smaller clients than humans: Morningstar
June 25, 2015
Robo-advisers may not be able to compete with humans after all — at least when it comes to attracting clients with a greater amount of investible assets. Largely automated online financial advice platforms are able to bring in clients with...
Schwab launches adviser-facing robo service
June 23, 2015
Charles Schwab & Co. launched a second version of its automated investment service on Tuesday, this time a robo platform for advisers to implement within their own practices. It's been less than four months since the custodian debuted Schwab...
