Why some RIAs are jumping through hoops to custody assets with JPMorgan
After selling its RIA unit to RBC, its marquee name, sterling reputation and a new platform continues to draw advisors
Frederick Van Den Abbeel
I understand the name vantage point however perhaps RIABiz can provide some research on Excess SIPC Coverage not being available at JP Morgan? Having excess SIPC coverage seems to be commonplace in the industry. There was a posting which states JP Morgan had decided to drop their Excess SIPC coverage?
I believe all RIAs should be aware of what amounts of SIPC and FDIC coverage their custody providers make available particularly in comparison to other custodians.
RIABiz, can you please research this public post? I find it hard to believe frankly JP Morgan has no Excess SIPC coverage.
Alois Pirker sets up shop in Marblehead by taking a page from the RIAs he advises
The former Aite-Novarica consulting chief wants the latitude of Pirker Partners to take the gigs he wants and avoid corporate consulting economics -- namely selling reports.
January 21, 2023 at 5:03 AM
Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge
The Schwab CEO gets 2016 'Windhaven' hire to share burden of governance from enormity of $8-trillion post-TDA, post-USAA, post-Motif growth.
December 20, 2021 at 11:59 PM
Seven 'RIA' chief executives are stepping aside for CEO 'operators' as PE backers get 'trigger' happy in adverse market; here are their stories
Whether it's Edelman Financial Engines, SMArtX, Allworth or InvestCloud, the re-CEO-ing process follows a fat 2020 capital raise and thinner results in stormy financial markets.
September 7, 2023 at 9:46 PM
A 20-year Merrill Lynch veteran got Sanctuary Wealth to $10 billion in AUA in 15 months with no outside capital and no time in bed: 'Nobody's slept since April'
Jim Dickson also recruited HighTower talent, Amit Dogra, to bring the old HighTower brokerage model and execute it as HighTower veers toward buying RIAs
August 15, 2019 at 7:58 PM
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