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In correspondence with Rep. Andy Barr, R-Ky., the Federal Reserve and Office of the Comptroller of the Currency said the Securities and Exchange Commission's proposed safeguarding rule could change banks' custody businesses.
February 5 -
They're among a handful of companies willing to hold clients' digital assets for safekeeping. Many of their peers balk at the reputational and financial risks.
December 16 -
Three out of the top four RIA custodians compete directly with their RIA clients through their networks of branch offices and call centers.
September 16Momentum Advisors -
The acquisition creates a discount brokerage behemoth that experts say could reshape automated advice.
November 21 -
CEO Ronald O’Hanley says the poor performance reflects both the industry’s “continued challenging conditions,” as well as “lower client activity.”
April 24 -
In a sweep of changes, the custodian is embracing an open architecture technology platform.
January 31 -
The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.
January 18