News, Vision & Voice for the Advisory Community


Part I: Is the era of the monolithic RIA custodian coming to an end?

RIAs, small custodians, co-ops, study groups, roll-ups, TAMPs, compliance shops, OSJ and IBDs are all chipping away at much of what fit under the roofs of Schwab, Fidelity, TD and Pershing

Authors Brooke Southall and Lisa Shidler and Brooke Southall November 1, 2013 at 4:51 PM
no description available
Mark Tibergien in Part II: The balance of power has shifted to advisors, regardless of whether they are on a broker-dealer platform or a custody platform.

RIA Custodians

Brian Lauzon

Brian Lauzon

November 19, 2013 — 1:29 PM

Very well-written article. These macro trends (maturation, margin pressure, new/innovative industry participants, changing roles) are changing the landscape for RIAs.

IMO, for RIA firms, these changes all point to:

1) Higher “costs of doing business”;
2) Heightened importance of scale; and
3) An increased need for dedicated management talent so they can compete and grow profitably.



June 26, 2014 — 9:34 AM

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June 26, 2014 — 10:59 AM

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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law

Scottrade Advisor Services
Asset Custodian
Top Executive: Brian Stimpfl

Advisor Growth Strategies, LLC
Consulting Firm
Top Executive: John Furey

Envestnet Inc
Top Executive: Jud Bergman

National Advisors Trust Company
Trust Company
Top Executive: James A. Combs, Jr.

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