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A giant is awakening in the hybrid RIA market

Schwab vows to spend big in 2010 and 2011 on better connections to IBDs

Author Brooke Southall January 14, 2010 at 6:41 AM
no description available
Bernie Clark: We’ll continue to build the connectivity that will make it better

Hybrid RIA

Frederick Van Den Abbeel

Frederick Van Den Abbeel

January 14, 2010 — 1:16 PM

It will be interesting to see Schwab, TD and the others release a trading software that handles both commission and fee business, respectively. Trade-PMR, Inc., launched an integrated product last year and quite popular amongst advisors. Some custodians are playing catch up in this space while others have been much more forward thinking.

Stan S.

Stan S.

January 22, 2010 — 10:25 PM

Advisors will still be forced to use two separate operating platforms to facilitate their business, as Schwab has no broker dealer clearing business. How does this make an advisor’s life easier?

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LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

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