Fee income

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

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

The move follows similar offers from other major brokerages in the last two weeks, as firms race to woo clients with the lowest-priced products possible.

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.

It's the latest move in the race to offer products at the lowest possible prices.

Gaining notoriety and AUM is a challenge without a long-term track record, an extensive distribution network and a well-planned marketing strategy.

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

When pricing for your subscription services, lessons can be learned from the online streaming giant.

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