Investing in virtual tools is a must but planners must also seize this moment to expand practices and deepen existing relationships, writes Broadridge Financial's Michael Alexander.

Firms have only six weeks to find a replacement technology platform.

“Platforms like this you would typically see at the larger broker-dealers and maybe the wirehouses,” says Gary Gallagher, the firm’s head of investment and managed solutions.

Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.

From the fate of Veo One to account openings, here’s what Schwab’s leaders had to say.

Necessity, and a connection to holistic advice, has been the mother of new revenue streams, new clients and new offerings.

The firm will use its warchest to expand its technology stack and make acquisitions.

The nation’s largest IBD made its first tech deal this year for a firm that has $120 billion in assets on its platform.

Refinitv’s Workspace will power the wirehouse’s investment research and risk assessment capabilities.

"We’re not just software,” CEO Ed O’Brien says. “We’re here to help advisors be better planners.”

New ownership of the popular platform could open the door for new tech leadership, but don’t count Schwab out yet.

The fintech plans to build out cash, checking, insurance and mortgage products.

Estimates for the deal between the analytics platform and private equity firm LLR Partners go as high as $270 million.

“If insurance and annuities had always been commission free, RIAs would be power users,” says David Lau, CEO of DPL Financial which is partnering with SS&C Advent.

Like other firms, the bank's asset management unit has turned to an outside partner, 55ip, to give RIAs a tax-smart way to transfer assets into model portfolios.

Charles Schwab is in early stages of its plans for the future of TD Ameritrade’s advisor division.

Average portfolios tend to be traditional and helped stabilize markets during the COVID-19 crash, new research shows.

This year’s list of the 150 largest firms represents an industry that will emerge from a post-COVID world deeply altered.

Unlike many digital advisors, Retirable is not offering investment management or targeting millennials.

If this year has taught our industry anything, it’s that the key is to stay nimble.