Results for "custodians"

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Former TCA by ETrade exec lands as CEO of fast-growing RIA

November 8, 2019

Joshua Pace, the former president of the custodian business at TCA by ETrade, has landed a new gig as chief executive of Apella Capital, a Glastonbury, Conn.-based advisory firm with $1 billion under management and plans to grow through acquisitions....

Charles Schwab to get more aggressive around lending, income

November 5, 2019

Discount broker Charles Schwab Corp. is becoming more aggressive around the lending and income services it offers to financial advisers and their clients, with plans to roll out services in these areas in the near future, according to company...

Navigating the RIA ecosystem

October 31, 2019

Picture a tree in a forest. You're likely picturing this tree as a singular entity. But, there's a vast and unseen network of interconnectivity beneath the surface. Several years ago, scientists discovered that trees communicated through their...

Does the world need another custodian?

October 22, 2019

Last week in New York City, former Electronic Transaction Clearing executives hosted a party to launch their latest venture: Velox Clearing. Velox is a custody and clearing firm targeting registered investment advisers, small to midsize brokers...

Pershing adds analytics tools to adviser platform

October 8, 2019

BNY Mellon Pershing is adding a new suite of reporting and analytic tools for NetX360 to help advisers measure the organic growth of their business. With its Money in Motion tool, advisers can track net new asset flows and segment them by account...

Schwab's next target? Financial advisers

October 3, 2019

There's a showdown looming between financial advisers and the custodians that safeguard their clients' money. It's been brewing for some time, and the move by Charles Schwab Corp. on Tuesday to offer commission-free trading makes the clash all...

Schwab to cut 600 jobs in 'challenging' economic climate

September 11, 2019

Charles Schwab Corp. said it is cutting 600 jobs, or about 3% of the workforce, as the San Francisco-based broker-dealer and wealth advisory firm faces "an increasingly challenging economic environment." "These actions are a prudent step to...

Canton, Ohio-based RIA to acquire $240 million crosstown firm

August 21, 2019

Beese Fulmer Private Wealth Management, a Canton, Ohio-based registered investment adviser managing about $675 million in discretionary assets, will acquire MacNealy Hoover Investment Management, an RIA also based in Canton and managing about...

Top clearing and custody firms for financial advisers

August 17, 2019

CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief...

TD Ameritrade CEO Tim Hockey says his exit is unrelated to M&A

July 23, 2019

TD Ameritrade CEO Tim Hockey said his departure from the online brokerage by no later than the end of February has nothing to do with mergers and acquisitions, "pro or con." Mr. Hockey, in a phone interview, brushed off a direct question about...

Advisers react to Tim Hockey suddenly resigning from TD Ameritrade

July 23, 2019

Financial advisers are stunned by the sudden announcement of Tim Hockey's intention to step down as CEO of TD Ameritrade Holding, wondering what changes it portends for the firm's custodian business. Though Mr. Hockey joined TD Ameritrade after...

Schwab subscription planning service draws $1 billion in new assets

July 11, 2019

Schwab's subscription-based hybrid robo-adviser has attracted more than $1 billion in new assets since its launch at the end of March, the company said. Schwab Intelligent Portfolios Premium, which includes unlimited guidance from a certified...

Crypto broker logjam may be swept away by regulatory guidance

July 8, 2019

U.S. regulators potentially cleared the way for dozens of firms to become registered cryptocurrency brokers by issuing guidance on how securities rules apply to some of the complicated compliance issues posed by digital tokens. Crypto brokers...

Technology can help turn client conversations toward planning in next bear market

June 24, 2019

Unless you've been living under a trading desk since the early 2000s, you've heard all about the shift in wealth management away from investments toward comprehensive financial planning.​ Investment management is commoditized. Advisers today...

Reg BI won't stop advisory sector advances over broker-dealers, Pershing's Tibergien says

June 13, 2019

Growth in the investment advisory sector will continue at a rapid pace despite the Securities and Exchange Commission's regulatory changes that are supposed to close the gap in the standard of care between investment advisers and brokers, according...

Pershing's incoming CEO sees opportunity in high-demand advisory services

June 12, 2019

Pershing's incoming chief executive said Wednesday the custodian is focused on taking advantage of the increasing market for investment advice and helping advisers on its platform expand their businesses with faster technology and richer data....

Conflicting tax information creates 'nightmares' for some investors

May 6, 2019

Brokerage firms are sending tax statements to clients and the IRS with information that differs from the taxes investors ultimately owe, leading some filers to appear to owe tax on profits they never made. The federal tax code contains two sets...

TD Ameritrade cut marketing because 'fish weren't biting,' CEO says

April 24, 2019

TD Ameritrade Holding Corp. trimmed digital advertising spending because of a lack of interest from retail investors, according to chief executive Tim Hockey. The online broker and wealth manager keeps a base level of spending and needs to see...

Adviser fintech moving from the back office to client interactions

April 18, 2019

Adviser technology has historically focused on improving back-office efficiency. That is starting to change. Adviser fintech is increasingly focused on making experiences better for clients, said Dani Fava, director of institutional innovation...

RIAs needn't fear the large custodians

April 12, 2019

Editor's note: This story was amended after it was brought to our attention that Ms. Crowther has represented Charles Schwab. As competition continues for financial advisory clients, there may be a tendency for registered investment advisory...

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