Fidelity forced to play defense against Schwab’s custody pledge
Custodian gets called out at the worst possible moment for imposing fees on RIAs that don't use its cash sweep accounts
A social media buzz Thursday over new custody fees at Fidelity Investments put the Boston-based giant on the defensive in the wake of a pledge from rival Charles Schwab Corp. to move seemingly in the opposite direction.
As Schwab was touting a promise to roll out the red carpet, with no custody f
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