Clearinghouses/custodians

The acquisition creates a discount brokerage behemoth that experts say could reshape automated advice.

The potential acquisition would unite two firms that custody assets for more 7,000 independent advisory firms.

he potential acquisition would unite two firms that custody assets for more 7,000 independent advisory firms.

The deal would consolidate an industry under pressure from a price war.

The discount brokerage sees the move as a way to attract younger, less affluent investors.

Self-directed brokerage accounts at the firm hold about 20% of their portfolios in cash.

Clients opened 142,000 new accounts last month after Schwab escalated the brokerage industry's price war.

New KMS Financial Services CEO Erinn Ford’s team has attracted 28 advisors in 2019.

Jason Wenk, founder of Altruist, is ramping up for an end-of-year debut.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

The RobustWealth and Wells Fargo acquisitions are boosting the firm’s technology and scale as firms of its type diverge on their approach to a changing industry.

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 low-cost brokerage followed its competitors for retail clients and will offer the new pricing to RIAs in November.

There’s a showdown looming between financial advisors and the custodians that safeguard their clients’ money. It’s been brewing for some time, and the move by Charles Schwab on Tuesday to offer commission-free trading makes the clash all but inevitable.

As custodial pricing continues to fall, it’s still unclear where firms will make up the the money — but analysts and advisors agree other custodians will follow suit.

By adding custody, the leading TAMP could boost revenue per advisor by approximately 200%, according to a recent report.

The firm is relying on firm reputation and word-of-mouth referrals for growth.

Triad Hybrid Solutions has added 31 advisors and $1.3 billion in AUM since the beginning of last year.

No RIA has ever custodied with TD Ameritrade when opting into the Dynasty Network.

Other custodians are skeptical that financial planners want the tool in the first place.