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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.
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.
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