Clearinghouses/custodians

One custodian is testing the technology in its marketing efforts and anticipates its advisors may — eventually — decide to follow.

CEO Walt Bettinger says advisors tell him they aren’t worried about the new pricing model.

The updates include access to the ultrahigh-net-worth portfolio management and customer relationship management systems.

The slowing is part of an overall industry slowdown that experts don’t think will last.

The custodian expects the business to grow quicker in different hands, according to an internal memo.

Startup or low-AUM firms have options outside of the big four.

Ladenburg Thalmann’s largest IBD also says it recruited more than 300 advisors with $2 billion in AUM in 2018.

The value custodians offer RIAs is not going away any time soon, but it is has changed.

The firm expects to add $10 million in revenue once the deal closes later this year.

Advisors cheered when Tim Hockey told them that growth in the retail channel would not come at the expense of its institutional network.