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Pershing playing catch-up with competitors as custodian considers offering commission-free ETFs
Platforms, popular with RIAs, post tremendous growth for firms, fund managers.
Pershing “actively” considers launching commission-free ETF platform
Custodian considering jumping on bandwagon popular with RIAs as other platforms grow big.
TD Ameritrade's Veo dashboard gets boost from big data
Firm looks to capitalize on adviser growth with tech upgrades, but no new robo-adviser in the offing.
Charles Schwab to launch free 'robo'-adviser next quarter
Launching its own online advice platform, Charles Schwab is aiming to make low-cost, web-based advice even cheaper, but some industry watchers say it could rankle advisers who keep assets with the custodian.
How should custodian technology influence you?
Picking the right custodian requires analysis of more than just how a custodian executes trades; you must consider reputation, service, pricing, accuracy, etc.
Schwab signs Morningstar to provide equity research, ratings
Deal will give advisers access to sector reports and pick lists, as well as daily, weekly and quarterly outlook reports.
Custodians jump into the robo game
New tech offerings designed to help advisers compete against online investment managers.
New Fidelity CEO Abigail Johnson wants to be 'accessible to advisers'
Abigail Johnson, successor at the privately owned, family-run company, wants to understand the businesses of her clients, including advisers.
Scottrade retools custodial platform as it works to bolster its numbers
Scottrade Advisor Services, which has struggled with dwindling numbers of advisers on its platform, is working to stop the bleeding by attracting new RIAs, upgrading its technology and improving the experience for its existing advisers.While Scottrade Advisor Services has primarily served as
The big squeeze: End of the golden era
Four formidable forces are developing to take assets from the standalone local advisory firm and they are quietly building momentum.
RCAP to continue clearing with Pershing
B-D says new deal will result in cost savings comparable to what it would have realized had it moved clearing in house.
Custodians ranked by number of RIA custody clients
FirmAddressCity, State ZipPhoneWebsiteHead of RIA custody business2014 # of clients% change vs. 20132014 assets under custody% changeMinimum assets of advisersSchwab Advisor Services211 Main St.San Francisco, CA 94105(877) 687-4085www.advisorservices.schwab.com Bernie Clark (executive vice ...
TD Ameritrade swims upmarket
United Capital's chief executive, Joe Duran, admits that three years ago, he would not have considered putting any of his millionaire clients' money with TD Ameritrade Institutional.
Advisers rebuilt investors' faith
The Charles Schwab Corp. had a few challenging years following the financial crisis. But a focus on the RIA business has paid off as the firm's RIA custody unit crossed $1 trillion in assets last fall.
Schwab adding Morningstar Office to its RIA platform
Deal part of custodian's integration initiative with tech product providers.