Clearinghouses/custodians

The executive's sudden announcement raises questions about whether the company’s retail brokerage platform will compete with advisors.

The exit wasn’t due to any “one thing,” Tim Hockey said.

Analysts and advisors expressed surprise at the announcement.

Dynasty CEO Shirl Penney sees it as an option down the road.

With 7 million accounts and more than $400 billion in assets, Karl Roessner’s firm can be selective as it expands into wealth management.

More than one-third of the $1 billion new assets on the digital advice platform are from new clients.

The brokerage may pay about $2 billion for the additional advisory clients, according to reports.

Summit Brokerage Services wasn’t feeding the notifications into the transactions blotter while its ownership went into flux, according to the regulator.

The custodial bank says it has reimbursed the affected clients with interest.

Keeping up with all the options isn’t always easy, but it’s important, according to the custodian's vice president of digital strategy.