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

Tax-aware investing should expand client choices, not constrain them 
Tax-aware investing should expand client choices, not constrain them 

The best tax plan asks not only how much a client could save, but what they would have to give up to save it. 

Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis
Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis

A 20-year financial services veteran brings values-driven planning expertise to the St. Louis-based RIA.

SEC enforcement against public companies hits record low under Atkins
SEC enforcement against public companies hits record low under Atkins

New research shows a 71% plunge in actions in fiscal year 2026, with total settlements the lowest since the database began.

Edward Jones advisor launches SteadRock Private Wealth on LPL platform
Edward Jones advisor launches SteadRock Private Wealth on LPL platform

An Ohio-based advisor departs Edward Jones to build an independent firm focused on retirees and business owners.

SEC and state regulators tighten grip on fraud in fiscal 2026
SEC and state regulators tighten grip on fraud in fiscal 2026

Broker-dealer enforcement actions surged 66% as the SEC and state regulators cracked down on Ponzi schemes and digital asset fraud.

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

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.