Scottrade names leader of adviser services unit

Scottrade today announced that is has promoted Brian Davis to lead Scottrade Advisor Services.
APR 01, 2010
Scottrade today announced that is has promoted Brian Davis to lead Scottrade Advisor Services. Mr. Davis had been business development manager at the custody unit of discount broker Scottrade Inc. since 2005. He fills a post left vacant since former head of the adviser unit, Doug Talir, left the firm a year ago, according to the RIABiz website, which earlier reported Mr. Davis' promotion. Steve Walkenbach, Scottrade's executive director of business and product development, has been in charge of Scottrade Advisor Services, Carrie Trent, a Scottrade spokeswoman, wrote in an e-mail. No replacement will be named to fill the business development manager position, Ms. Trent said. Scottrade, which has about 750 RIA clients, markets to advisers with smaller asset bases who typically register at the state level. The firm does not disclose assets under administration. “Unlike many of our competitors, Scottrade does not have a minimum-asset fee, because we do not have a minimum-asset requirement," Mr. Davis said in a statement today.

Latest News

Morningstar forges fintech partnership with SS&C
Morningstar forges fintech partnership with SS&C

The alliance will give Black Diamond users the first chance to use a newly launched advisory suite as Morningstar shutters a legacy advisor platform.

Passive pressures will drive continued mutual fund consolidation into 2030, PWC says
Passive pressures will drive continued mutual fund consolidation into 2030, PWC says

A continuing shift to low fees, growing dominance of mega-managers, and the clamor for product innovation are set to reshape the landscape.

Amid festering trade tensions, Grantham's GMO launches China-dodging ETF
Amid festering trade tensions, Grantham's GMO launches China-dodging ETF

Notwithstanding a recent tech-driven rebound in Chinese markets, five- and 10-year lookbacks suggest dropping the emerging-market giant is still the winning strategy.

Finra sanctions smoothie-throwing broker over alleged cash reporting failures
Finra sanctions smoothie-throwing broker over alleged cash reporting failures

But the Finra panel's decision against James Iannazzo was not unanimous.

Student debt has a chilling effect on employees' retirement planning
Student debt has a chilling effect on employees' retirement planning

A new study highlights how debt-saddled public and private workers are forced to focus on shorter-term investments and immediate financial concerns.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.