Jessica Mathews

Planners who manage less than $100 million in client assets question their future at Schwab.

The potential acquisition would unite two firms that custody assets for more 7,000 independent advisory firms.

he potential acquisition would unite two firms that custody assets for more 7,000 independent advisory firms.

After a recent policy switch, many clients at the wirehouse can no longer use balances from their deposit accounts to purchase shares in these funds.

Self-directed brokerage accounts at the firm hold about 20% of their portfolios in cash.

Clients overpaid more than $12 million because of operating flaws and coding failures in an automated device advisors relied on for executing mutual fund orders.

Jason Wenk, founder of Altruist, is ramping up for an end-of-year debut.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

The regulator’s expanding number of share-class cases fill in the details it says have been missing from Form ADV disclosures about conflicts of interest.

Anthony Guadagnino allegedly solicited at least 10 clients after his departure from the retail brokerage.

The low-cost brokerage followed its competitors for retail clients and will offer the new pricing to RIAs in November.

Since this March, almost 100 firms have settled with the regulator for approximately $173 million. Other cases are still pending.

Bill Mahler had been chairman of the firm’s equity capital markets and equity asset management units. He was also on the executive committee.

CFPs aren’t excused from acting as fiduciaries — even if they work at a firm that requires them to recommend proprietary funds.

“I do not meet anyone in person and that's intentional,” says one financial advisor.

As custodial pricing continues to fall, it’s still unclear where firms will make up the the money — but analysts and advisors agree other custodians will follow suit.

The IBD’s corporate RIA didn’t require about 350 banks to provide clients the terms of its arrangement.

The firm is relying on firm reputation and word-of-mouth referrals for growth.

A disgruntled client is poking at the firm’s low returns from its default sweep program, as well as its disclosure around the practice.