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TD Ameritrade Institutional launching Veo One dashboard for advisers
Platform allows immediate connection to applications such as DocuSign, Laser App Anywhere, MoneyGuidePro, Orion Advisor Services and Redtail.
Pershing, courting digital wealth managers, teams with Motif
Pershing is partnering with Motif Investing Inc. as the online brokerage start-up looks to expand its services for financial advisers in the U.S. and extend its reach internationally, an executive from the custodian said Monday.“A lot of people talk about the threat of digital. We don't really see
Client demand for simpler technology challenges independent broker-dealers
An increasingly tech-savvy investor base is challenging independent broker-dealers to meet the demand for simple technology in a way that fits into the complexities of advisers' businesses and keeps investors' personal information protected. “The benchmark is being set, whether we like it or not,”
Fidelity fined $350,000 in billing snafu
Finra said the firm overbilled more than 20,000 fee-based accounts in its RIA unit by $2.4 million over seven years and ordered it to pay a $350,000 fine.
Mutual Fund Store, once skeptical of ETFs, joins the fray
It may be the Mutual Fund Store, but company executives are not dogmatic about the "mutual fund" part.Starting in 2015, the $9.5 billion registered investment adviser known for selling mutual funds and financial advice to the masses will add a product to its repertoire: ETFs.The company, in
Krawcheck: Wirehouses undaunted by RIA growth
Former brokerage executive Sallie Krawcheck downplayed the rise of wirehouse breakaways, telling a conference of advisers that wirehouses have more important things to worry about.
Service firms race to help advisers create digital platforms
Custodians and rollups are in a mad dash to develop automated ways for advisers to make serving younger or less-wealthy clients profitable.
Fidelity Institutional weighs own robo offering
Months after teaming with Betterment, Fidelity has added LearnVest to its platform, and may even one day launch its own automated advice platform.
Ex-Schwab broker barred for alleged theft of $1 million in office supplies
Former rep purchased office equipment through the firm's order system without authorization, then sold them to individuals, Finra alleged.
Fidelity, Pershing, Schwab join suspension of Schorsch REITs
The clearing and custody giants have followed B-Ds by suspending sales of nontraded REITs controlled by Nicholas Schorsch, presenting another potential blow to the real estate czar's business.
JPMorgan unwinds B-D clearing biz
Fidelity Investments stands to reap the benefits as JPMorgan Chase & Co. unwinds its legacy Bear Stearns broker-dealer services clearing and custody unit.JPMorgan said it had chosen Fidelity's National Financial Services unit as the “preferred clearing provider” for its broker-dealer customers and
Focus Financial teams up with top Chicago RIA
Rudy Adolf's firm has completed 23 RIA and broker lift-out transactions this year.
Rival Fidelity shows up uninvited at Schwab Impact
Fidelity takes an opportunity to steal some of Charles Schwab's spotlight during the Impact conference, bombarding attendees with its own marketing assault.
Schwab sues ex-advisers, RIA over “conspiracy”
Firm accuses Tampa, Fla.-based Camelot Wealth Management, formed earlier this year by a former branch manager, of unlawful practices in hiring two former Schwab advisers.
Pershing playing catch-up with competitors as custodian considers offering commission-free ETFs
Platforms, popular with RIAs, post tremendous growth for firms, fund managers.
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