Results for "custodians"

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Invest Forward launches white-label robo for advisers

December 14, 2017

The launch of digital advice products from traditional financial institutions isn't stemming the tide of technology startups trying to enter the market. The latest player is Invest Forward, a white-label robo for advisers. The tool uses Folio...

Digital investing will bring big changes in 2018

December 14, 2017

If we learned nothing else about the financial advisory business in 2017, we know that the digital revolution is just getting started. Brokers and advisers are facing increasing pressure to be more transparent and reduce fees. Complex regulations...

Blockchain will change the advisory business—someday

December 5, 2017

With the price of bitcoin continuing to soar, advisers find themselves inundated with questions about digital currencies and blockchain, the ledger technology that makes bitcoin possible. Those questions are bound to increase now that the Vanguard...

Fidelity's eMoney Advisor partners with Schwab

November 15, 2017

Financial planning technology firm eMoney Advisor plans to integrate with Schwab Advisor Services' OpenView Gateway, eMoney announced today at the annual Charles Schwab IMPACT conference in Chicago. The move is interesting given the competitive...

Durbin gets promoted again, this time to lead Fidelity Institutional

October 3, 2017

Less than 10 months after taking over as head of Fidelity Institutional's product and platform technology group, Michael Durbin is moving up the ladder once again to take his boss' job, as head of Fidelity Institutional, where he will be responsible...

With TD Ameritrade about to acquire Scottrade, Tom Bradley is out

September 8, 2017

With TD Ameritrade Holding Corp.'s acquisition of Scottrade Financial Services Inc. almost done, there was no room left in senior management for Tom Bradley, TD's current head of retail but an executive widely recognized as one of the main leaders...

Price war heats up as Schwab lowers online commission on stock and ETFs

January 10, 2010

The Charles Schwab Corp. — in a bid to attract more trades from customers who use deep-discount brokerages — plans to lower its commission on all online stock and non-proprietary ETF transactions to $8.95 per trade. The reduced commission...

E*Trade gains a foothold in the RIA space, but it is going up against bigger competitors

October 20, 2017

E*Trade Financial Corp.'s acquisition of Trust Company of America is seen as a solid endorsement of the strength and profitability of the financial advisory business. The $275 million deal to buy the $17 billion-asset Denver-based custodian,...

E*Trade acquiring custodian Trust Company of America

October 19, 2017

E*Trade said Thursday it is buying Trust Company of America for $275 million in cash. Josh Pace, president and chief executive of Trust Company of America, said in a letter to the firm's investment-adviser clients that the transaction will close...

Scottrade advisers test custodial waters

August 7, 2017

As TD Ameritrade Holding Corp. closes in on its September acquisition of Scottrade Financial Services, some competitor custodians have been quietly watching, waiting and rolling out the red carpet to Scottrade advisers who might choose to leave...

Raymond James lands $5B custody and clearing client

October 11, 2017

Raymond James announced today that Capitol Securities Management will switch to its custody and clearing platform, from Pershing, taking $5 billion in assets managed, administered or advised by the firm. The move will take place in the spring...

Top clearing and custody firms for financial advisers

August 7, 2017

CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399...

Fidelity's David Canter makes financial advice his Boston Marathon cause

March 20, 2017

David Canter, the newly appointed head of the RIA segment at Fidelity Custody & Clearing Solutions, will be running next month's Boston Marathon with the financial planning industry top of mind. Mr. Canter, 48, has named the CFP Board's Center...

Custodial firm jumps from Sterne Agee to First Clearing

April 14, 2011

TradePMR Inc., the Gainesville, Fla.-based custodial firm, has signed on with First Clearing LLC. The conversion to First Clearing from TradePMR's current clearing firm, Sterne Agee Clearing, will be completed by August, according to Robb Baldwin,...

TD Ameritrade and Fidelity tweak RIA referral fees ahead of DOL fiduciary rule

April 21, 2017

Client-referral programs at the major custodian firms are being quietly revised in preparation for the Department of Labor's looming fiduciary rule, but some industry analysts still question whether the changes will be enough to pass muster...

The Starr treatment: How celeb adviser allegedly got away with it

May 28, 2010

The alleged $30 million fraud committed by Kenneth Starr and his Starr Investment Advisors LLP constitutes another black eye for the financial advice business. Indeed, the much-publicized scandal has investors once again wondering how high-profile...

Georgis returns to the fold, rejoins Schwab

March 2, 2010

J. Nicholas Georgis is returning to Schwab Advisor Services as vice president for strategic business. Among other things, Mr. Georgis will be responsible for relationships with independent broker-dealers and RIA consolidators, turnkey asset...

Bank of New York Mellon profit surges on asset management fees

January 20, 2010

Bank of New York Mellon Corp. said Wednesday its fourth-quarter profit surged as asset and wealth management revenue offset lower interest income. Profit rose to $593 million, or 49 cents per share, from $28 million, or 2 cents per share. Excluding...

Practice management services seen as best way custodians can win RIAs

January 3, 2010

Broker-dealers that hold client assets for registered investment advisers are pointing their marketing and technology arrows at practice management. Helping advisers manage costs, segment clients by profitability and maintain operational rigor...

Schwab outlines products, enhancements for 2010

December 20, 2009

The Charles Schwab Corp., already having increased assets under custody for independent investment advisers this year, is preparing several products, services and technology offerings for advisers next year. Included in the mix are ex-panded...

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