Clearinghouses/custodians

Schwab, TradePMR and other leading custodians scored highly for their execution of product offerings in a new in-depth study by The Oasis Group.

In addition to voluminous recordkeeping, due diligence and expense, what constitutes a "covered function" may vary from firm to firm.

Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.

FINRA arbitrators decided not to hold the major custodian liable for transactions prior to 2008, an attorney for the clients says.

A top priority of the firm since 2018, advisors will financially be able to paperlessly open new accounts in June.

The move for the company’s primary advisory accounts will cut costs for clients and build its fee-based business, President Elizabeth “Libet” Anderson says.

Good Life Companies fosters competition among wealth managers for its own health and runs food stores and a gym.

CUNA Mutual Group’s wealth manager of 550 financial advisors will almost certainly represent the largest recruiting move in the sector next year.

The technology debuted at the annual INSITE conference reveals how the firm is looking to expand market share among advisors and fintechs.

It’s unclear whether the independent firm will retain any broker-dealer or RIA affiliation with Raymond James.