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

Devoe: Record-breaking RIA M&A run led by private equity's consolidator comeback
Devoe: Record-breaking RIA M&A run led by private equity's consolidator comeback

A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to Devoe & Company.

Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity
Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity

Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.

Bank of America, Morgan Stanley earnings roll despite roiled markets
Bank of America, Morgan Stanley earnings roll despite roiled markets

Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.

David Fischer of Independent Financial Group talks culture, future growth
David Fischer of Independent Financial Group talks culture, future growth

The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.

Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board
Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board

Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.