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After nine months without one, Altruist gets a CTO from Coinbase, part of its effort to build San Francisco presence, seize 'AI' opportunity

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State Street -- under protest -- caves to SEC pressure to nix 'misleading' 'Apollo' name from its freshly minted alts ETF, among many issues cited in stern regulatory letter
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Merrill Lynch 'satisfaction' rating slides 9% after app restructuring, while Fidelity -- the only firm with rising satisfaction -- drubbed rivals in new DIY investor survey
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Robinhood closes TradePMR deal and calls it 'accretive' and cites cash allocation to build RIA referral network
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iCapital expands New York City office space for fifth time by a whopping 79,000-square-feet in historic tower, after 2024 M&A spree and LPL deal
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BlackRock rattles giant saber at Schwab and Fidelity by launching high-yield 'money market' funds that 'circumvent' shelf-space controls and pay big
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Charles Schwab Corp. names 'head of digital assets' with no cryptocurrency chops but entrusted by inner circle to make big, critical decisions, fast
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Morningstar is shuttering 'Office' in 2026 and steering its orphaned RIAs to Black Diamond to get revenue cut in deal -- but Advyzon and Orion aren't planning to get cut out
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ETF assets hit record $10.73 trillion after $90 billion net-new inflow last month; Vanguard accounts for 40% of total, clobbering iShares and bruising State Street -- with RIAs a clear catalyst
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ex-Merrill Lynch 'Smoothie' broker loses big in FINRA arbitration; his attorney calls reasoning 'tortured,' but pattern of 'bad behavior' may have tipped scales, other lawyers say
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'RIA Reflections' went live today under ex-IN reporter Ryan Neal, who oversees the 'story-sharing platform' for Robinhood's RIA custody acquiree TradePMR
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Bob Oros is out at Hightower -- for real this time -- with poached Ayco CEO, a Goldman Sachs partner, replacing him
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TD Bank is selling $15 billion of Schwab shares high, buying its own TD shares low, but killing the old (TD) Waterhouse goose that laid gold eggs

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