Oisin Breen

In an industry known for espousing the virtues of diversification, one can't help but appreciate the irony of the outsized reliance on cash sweep revenue.  The tale still to be told is how that income will be replaced.  Shareholders are not often thought of as a patient bunch.

Nope, not an apparent reversal. This was mentioned as a possibility in an earlier message (from this summer to employees about looking at the future of our future real estate foot print. These decisions are being made on a number of different factors. Whatever your sources said were likely wrong or are getting the details wrong.

As a brokerage account customer of TD Ameritrade and now an account with Schwab, I cannot get information on the Schwab website that was previously available with Ameritrade. For instance, pre-market stock prices and graph are not avaiable. Hopefully, Schwab will have this feature available, shortly

Brooke Southall and Keith Girard

Schwab assures it has financial muscle to shrug off billions of dollars in unrealized bank losses, but interest rate blunder exposes vulnerability if Fed hikes continue, analysts say

Morningstar

Charles Schwab

The Charles Schwab Corp.

Michael Wong

Matt Crow

Jon Holtaway

Walter Bettinger

Asset custodians are the central players in the RIA business and choosing one is the biggest decision most financial advisors will make to build their business. As the place where RIAs park their assets (the same way a captive broker would park assets at Merrill Lynch or UBS), custodians serve hundreds or thousands of these registered investment advisors and make big investments in technology and service on their clients' behalf.

This section features a series of articles under the “Asset Custody Project” label that cover these companies in a way that keeps advisors abreast of their progress – both with journalistic commentary and a common set of data so that advisors can easily compare them. The articles look at the strengths, weaknesses and niche capabilities of these companies.

&mdash; Brooke Southall

Here are links to the profiles of custodians:

 <li><a href="http://www.riabiz.com/a/11942001/">Equity Advisor Solutions</a></li>
 <li><a href="http://www.riabiz.com/a/4977738934910976/with-robo-advisors-on-the-rise-robo-custodian-apex-is-rising-them-a-diamond-mined-from-the-rubble-of-the-penson-worldwide-debacle">Apex Clearing</a></li>
 <li><a href="http://www.riabiz.com/a/11320001">Raymond James</a></li>
 <li><a href="http://www.riabiz.com/a/10207085">State Street</a></li>
 <li><a href="http://www.riabiz.com/a/1812010">Ceros Financial</a></li>
 <li><a href="http://www.riabiz.com/a/9033656">Fidelity</a></li>
 <li><a href="http://www.riabiz.com/a/7435709">Pershing</a></li>
 <li><a href="http://www.riabiz.com/a/1212007">Royal Bank of Canada</a></li>
 <li><a href="http://www.riabiz.com/a/133138">Scottrade</a></li>
 <li><a href="http://www.riabiz.com/a/8101589">Schwab</a></li>
 <li><a href="http://www.riabiz.com/a/8788433">TD Ameritrade</a></li>
 <li><a href="http://www.riabiz.com/a/124061">Trade-PMR</a></li>
 <li><a href="http://www.riabiz.com/a/1161005">Trust Company of America</a></li>
 <li><a href="http://www.riabiz.com/a/1490002">BNY Mellon</a></li>
 <li><a href="http://www.riabiz.com/a/5385142">Folio Institutional</a></li>
 <li><a href="http://www.riabiz.com/a/108011">Shareholders Service Group</a></li>
 <li><a href="http://www.riabiz.com/a/5933001">National Advisors Trust</a></li>
 <li><a href="http://www.riabiz.com/a/22600260/how-us-bank-appeared-on-the-scene-as-an-ria-custodian-and-where-it-might-find-love">US Bank</a></li>
</ul>

If you want a more chronological look at news about the custodians, just scroll down.

RIA Custodians

An estimated 16,000 RIAs with $3.3 trillion assets custodied at Schwab Advisor Services should be insulated from any calamity at bank subsidary.

Schwab assures it has financial muscle to shrug off billions of dollars in unrealized bank losses, but interest rate blunder exposes vulnerability if Fed hikes continue, analysts say

Brad Wales

Schwabbie

Barton Frank

Related Moves

July 30, 2022 at 12:41 AM

March 9, 2023 at 1:23 AM

May 10, 2024 at 1:29 AM

November 3, 2023 at 3:49 AM

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Schwab assures it has financial muscle to shrug off billions of dollars in unrealized bank losses, but interest rate blunder exposes vulnerability if Fed hikes continue, analysts say

Brad Wales

Schwabbie

Barton Frank

Related Moves

July 30, 2022 at 12:41 AM

March 9, 2023 at 1:23 AM

May 10, 2024 at 1:29 AM

November 3, 2023 at 3:49 AM

RIABiz Directory

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