As Schwab plans Bitcoin and Ethereum spot trading for advisors by mid-2027, its leaders expect ETFs to stay the go-to tool for portfolio allocations to crypto.
At IMPACT, CEO Rick Wurster said Schwab Wealth Advisory serves only existing retail clients, and he pledged support for sub-$100M RIAs as Fidelity drops them.
In partnership with the CFP Board, Schwab's February event sends advisors to college campuses amid a projected need for 70,000 new hires.
Self-employed clients can now make after-tax contributions and Roth conversions on the platform as the custodian deepens its RIA retirement push.
About 50% of Mercer’s net new assets in the first half of 2026 came through custodian referral programs, as CEO Dave Welling says the RIA is “adding over a billion dollars every month of new clients hiring Mercer as their advisor.”
Advisor Services drew $120 billion in new assets as Schwab plugged into Claude and applied safeguards blocking unauthorized AI agents.
The fee promotion runs through 2028 as hundreds of RIAs custody with Fidelity below its new $100 million asset minimum
The fast-growing custodian's new charitable accounts, run with sponsor Endaoment, undercut typical DAF fees as incumbent platforms post record giving.
Smaller RIAs using AQR's popular long-short strategies bring custodians more risk and less revenue, one RIA founder tells InvestmentNews
The Vanguard-bound RIA custodian is now letting advisors subscribe clients to late-stage private company SPVs from inside its platform.
The AI-native RIA is pitching 90-second client onboarding to independent firms weeks after landing $100 million Series C.
Schwab's Claude integration blocks Anthropic from retaining advisor and client data for model training, even for users without enterprise plans.
TradePMR's Scott Victoria says Robinhood Advisor Network's 25% revenue fee model better serves advisors than basis-point pricing in other RIA client referral programs.
Arca becomes the first firm to build on Altruist's Realtime Custodial API, deepening a partnership tied to its rapid tech-led growth.
RIAs weigh their options as Schwab tries courting Altruist users following Vanguard's blockbuster deal.
Venrock partner Nick Beim calls the $4.6 billion Vanguard acquisition a "home run" for the early-stage backer of Altruist.
Vanguard's deal pairs its scale with Altruist's AI-driven custody platform, aiming to widen access to financial advice nationwide.
Davis brings 29 years of RIA custody experience to Raymond James as longtime COO Michelle Sovcik plans to retire.
Formerly with Northwestern Mutual, the Civic Financial team is moving its custodial and technology stack to the challenger RIA custodian's fast-growing platform.
The wealthtech firm's Custody Command Layer taps into Goldman Sachs Custody Solutions to speed account opening for independent RIAs.
