Schwab takes high-profile stand opposing self-regulatory organization for advisors
Largest custodian opposes FINRA on heavily lobbied issue
Rich and Co.
Nice reporting job. How is it in Schwab’s financial interest to oppose these developments?
Brooke Southall
More than half of Schwab’s business now relates to its custody of RIA assets. This may give them a strong incentive to oppose an SRO. RIAs generally oppose an SRO.
Brooke
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
