Fidelity puts David Canter in charge of RIA segment

Replaces Bob Oros, who departed in January.
MAR 06, 2017
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.

Latest News

Osaic reels in LPL team with $2.3 billion in assets
Osaic reels in LPL team with $2.3 billion in assets

Osaic and LPL Financial routinely square off in recruiting advisors from other firms as well as from each other.

RIA moves: Beacon Pointe makes deal hat trick, adding $1.35 billion
RIA moves: Beacon Pointe makes deal hat trick, adding $1.35 billion

Meanwhile, Wealthspire's Ground Control business picks up a $1B private wealth firm in London, and Modern Wealth deepens its presence in California.

Mercer Advisors launches Aspen Investing with in-house direct indexing
Mercer Advisors launches Aspen Investing with in-house direct indexing

The $100B-plus mega-RIA is folding custom portfolios, daily tax-loss harvesting and unified managed accounts into its Aspen advisor tech platform

The most valuable professional development opportunities in independent advisory firms are hiding in plain sight
The most valuable professional development opportunities in independent advisory firms are hiding in plain sight

From using projects as strategic thinking exercises to real-world challenges as problem-solving exercises, indie firms can make for more powerful talent incubators.

Financial services faces highest AI exposure of any sector, BCG finds
Financial services faces highest AI exposure of any sector, BCG finds

New BCG research names financial services among the world's most AI-exposed industries and the US as a top-tier AI economy.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor