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Custody newbie Altruist claims No. 3 spot with SSG acquisition
In less than two weeks, Altruist's custody business grows from zero to more than 3,000 RIA clients, with only Schwab and Fidelity having more RIA relationships.
Altruist hopes its fintech muscle helps it compete against custodial giants
The three-year-old fintech platform brings its custody and clearing business in-house for what it promises will be a fully integrated digital experience for RIAs.
LPL shares remain analyst’s top pick in 2023
The share price of LPL Financial Holdings Inc. increased 27% over the past year, even as the S&P 500 index fell 19.4%.
LPL hires former BNY Mellon exec to head banking
Bill Sappington will lead efforts to build the IBD’s banking and lending platform.
The latest in financial #AdviserTech — July 2022
This month's roundup looks at Schwab's $187 million settlement with the SEC, Bento Engine's funding round, and RIA In A Box's launch of a RolloverAnalyzer solution.
Pershing lures custody business with latest turnkey offering
The new offering, called Pershing X, is headed by Ainslie Simmonds and will enable RIAs to outsource almost all of their practice management needs, like client relationship and investment management tools.
LPL signs on $36 billion insurance company B-D as clearing client
CUNA Brokerage Services agreed to become a clearing and custody client at LPL. The firm has $36 billion in assets and close to 550 advisers who work at credit unions.
Pershing expands fee-based annuity offerings for RIAs
The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
Think digital: Upgrading the client experience in 2021
Advisers need to catch up to Amazon in terms of customer journey, says Pershing's Christina Townsend
Pershing’s new custody pricing goes head-to-head with Schwab
The new fee models include a zero-transaction-fee structure and a monthly subscription option
Mark Tibergien retiring from Pershing’s RIA custody business
Pershing's custody assets grew from $50 billion in 2010 to $822 billion at the end of last year
Why Pershing is cherry-picking the robo-advisers it offers its clients
The custodian and clearing firm is quietly building an offering of digital advice integrations it offers its clients.
Pershing unveils next NetX360
Second gen version of mobile platform on display at Insite conference.
Pershing Square’s Ackman said to consider IPO for hedge fund
Known for investing in companies to press for changes, Bill Ackman is considering selling shares in a hedge fund to secure more permanent capital for investments.
