Sanders Wommack

Keep up the good fight against these bullies Michael Kelly. I will say a prayer for you!

I still fail to see why any RIA does business with Schwab when they are so openly hostile to us. They openly compete with is and treat folks like this with aggressive disregard for their reputation… collegues there are other fine custodians who are much more aligned with us. Make Schwab feel in the wallet.

To Advisors with $10 to $50 mil in AUM:

Going solo can be done. While it can and has been done by many, why put your practice, business and livelihood at risk with disadvantages of compliance, technology, experience, staff and much more, with no leverage.

With a clean compliance record, a good practice, and other positive attributes you are probably a great fit for Dynamic Wealth Advisors. Look us up and call us to learn more. You’ll be glad you did.

How Schwab's firing of a small RIA as a client became a three-year legal ordeal (Part 1)

Michael P. Kelly was incensed at the letter's stark language and the fact it had already been sent to clients.

TradePMR

Morton Capital Management

First Foundation Advisors

Schwab Advisor Services

Millennium Trust Company

BSW Wealth Partners

Mill

Bernie Clark

Thomas Lewis

The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.

The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.

RIA Compliance

Asset custodians are the central players in the RIA business and choosing one is the biggest decision most financial advisors will make to build their business. As the place where RIAs park their assets (the same way a captive broker would park assets at Merrill Lynch or UBS), custodians serve hundreds or thousands of these registered investment advisors and make big investments in technology and service on their clients' behalf.

This section features a series of articles under the “Asset Custody Project” label that cover these companies in a way that keeps advisors abreast of their progress – both with journalistic commentary and a common set of data so that advisors can easily compare them. The articles look at the strengths, weaknesses and niche capabilities of these companies.

&mdash; Brooke Southall

Here are links to the profiles of custodians:

 <li><a href="http://www.riabiz.com/a/11942001/">Equity Advisor Solutions</a></li>
 <li><a href="http://www.riabiz.com/a/4977738934910976/with-robo-advisors-on-the-rise-robo-custodian-apex-is-rising-them-a-diamond-mined-from-the-rubble-of-the-penson-worldwide-debacle">Apex Clearing</a></li>
 <li><a href="http://www.riabiz.com/a/11320001">Raymond James</a></li>
 <li><a href="http://www.riabiz.com/a/10207085">State Street</a></li>
 <li><a href="http://www.riabiz.com/a/1812010">Ceros Financial</a></li>
 <li><a href="http://www.riabiz.com/a/9033656">Fidelity</a></li>
 <li><a href="http://www.riabiz.com/a/7435709">Pershing</a></li>
 <li><a href="http://www.riabiz.com/a/1212007">Royal Bank of Canada</a></li>
 <li><a href="http://www.riabiz.com/a/133138">Scottrade</a></li>
 <li><a href="http://www.riabiz.com/a/8101589">Schwab</a></li>
 <li><a href="http://www.riabiz.com/a/8788433">TD Ameritrade</a></li>
 <li><a href="http://www.riabiz.com/a/124061">Trade-PMR</a></li>
 <li><a href="http://www.riabiz.com/a/1161005">Trust Company of America</a></li>
 <li><a href="http://www.riabiz.com/a/1490002">BNY Mellon</a></li>
 <li><a href="http://www.riabiz.com/a/5385142">Folio Institutional</a></li>
 <li><a href="http://www.riabiz.com/a/108011">Shareholders Service Group</a></li>
 <li><a href="http://www.riabiz.com/a/5933001">National Advisors Trust</a></li>
 <li><a href="http://www.riabiz.com/a/22600260/how-us-bank-appeared-on-the-scene-as-an-ria-custodian-and-where-it-might-find-love">US Bank</a></li>
</ul>

If you want a more chronological look at news about the custodians, just scroll down.

RIA Custodians

Michael Kelly is out to prove he was discriminated against based on his firm's size but Schwab execs say he crossed lines

How Schwab's firing of a small RIA as a client became a three-year legal ordeal (Part 1)

Richard

Mister RIA

Craig Morningstar

Related Moves

January 2, 2025 at 10:49 PM

June 7, 2024 at 11:17 PM

May 25, 2024 at 2:45 AM

March 25, 2023 at 1:32 AM

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How Schwab's firing of a small RIA as a client became a three-year legal ordeal (Part 1)

Richard

Mister RIA

Craig Morningstar

Related Moves

January 2, 2025 at 10:49 PM

June 7, 2024 at 11:17 PM

May 25, 2024 at 2:45 AM

March 25, 2023 at 1:32 AM

RIABiz Directory

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