Clearinghouses/custodians

Axos Financial, which has $14.4 billion across business lines, will gain $23 billion in new assets from 200 RIAs.

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

After the Schwab-TD merger, rival firms are re-thinking the settlement process, testing new pricing models, and improving advisor efficiency and service. Is David sprinting past Goliath?

It’s yet another revenue stream that may face pressure after the custodian spawned a race to zero commissions more than a year ago.

The partnership sets a new standard in the industry, according to Orion president Noreen Beaman.

Major hurdles stand in the way of wide adoption: regulation, security and cost.

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

Robinhood Markets has snared most of the attention for attracting an army of day traders during the pandemic. But far bigger profits are flowing to the family behind Fidelity Investments in Boston.

After going public, the clearing firm plans to to grow and nudge further into the traditional advisory space, says its president.

The Depository Trust & Clearing Corporation is offering a blueprint for speeding up the settlement process.