Fidelity Clearing & Custody Solutions

The giant custodian's practice management team homes in on a metric that experts say often gets ignored by financial advisors.

Announcements involving Fidelity, LPL, BNY Mellon and other well-known firms signal how talent and capital are shaping the industry's future.

The company has experienced “dramatic increases” in new customers, call and trading volumes.

The firm hired more than 10,000 employees, boosting total staff to 47,000 associates.

More clients are also looking for financial advice within the custodian’s retail channel, which offers a robo advisor and full-service wealth management arm.

Three out of the top four RIA custodians compete directly with their RIA clients through their networks of branch offices and call centers.

The firm’s National Financial Services allegedly failed to deliver certain basic information to clients in five public offerings of shares in a fuel cell technology company.

The latest roundup of news in the IBD and RIA channels comes in a time of economic turmoil and big transactions.

“We’re going to see more restructuring of deal terms,” says investment banker Steve Levitt.

The custodial giant is aiming to cut down on the time involved with opening accounts — which advisors often view as a drain.

The accounts will be managed through Wealthscape, allowing advisers access to their client’s finances to help manage rising healthcare costs.

Carolyn Clancy, head of the BD segment, says its 200 client firms need more tools and capabilities in a new era of wealth management.

“The amount of capital available to this industry is small relative to the size of the need,” says one new lender.

Still, advisors thinking of selling are urged not to procrastinate.

Third-party providers can boost AUM, but due diligence is critical.

Firms who resist or fail to understand advisors’ needs will lose the game, according to a panel of executives.

Advisors report what they love — and hate — about tech at companies holding client assets.

Firms who "do nothing" will be in a "precarious position," advisors are warned at a Fidelity conference.

The asset manager and custodial giant found positive correlations in several metrics for companies that focus on inclusion.