Brooke Southall

Easy access to financial planning for all is supposed to be the next big THING. Wonder what the holdup on this one is? It was talked about quite some time ago but no evident traction at this point.

When it comes to innovation (1)  real time client holdings data, (2) prudent process (3) trade execution as a cost center  to be minimized, and (4) machine learning algorithms, a more modern approach to portfolio construction, take precedent to financial planning, an dated technology as it exists today. Continuous, comprehensive counsel of fiduciary duty is the future leading to professional standing in advisory services which importantly advances financial planning.  SCW

Bolloxed - it's coming; but unlikely initially from the established players.  SCW - agreed.  Financial planning has a particularly dated sound to it.  I think the next generation of technologies to address these needs will be more akin to a financial concierge, quarterback, or perhaps a sherpa...integrated, always present and suggesting ideas as opposed to one-off projects reviewed on an annual basis.

Eight years after historic Schwab-RIA rift, Jim McCool, the controversial former RIA chief and original Bettinger partner, exits

Schwab Advisor Services

The Charles Schwab Corp.

Walt Bettinger

Bernie Clark

Jim McCool

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

After McCool hastily axed alternative investments from Schwab RIA platform, Bernie Clark took the chief custody role as part of the healing process

Eight years after historic Schwab-RIA rift, Jim McCool, the controversial former RIA chief and original Bettinger partner, exits

Bolloxed

Stephen Winks

Brian Murphy

Related Moves

January 2, 2025 at 10:49 PM

May 25, 2024 at 2:45 AM

November 3, 2022 at 1:59 AM

May 6, 2025 at 12:42 AM

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Eight years after historic Schwab-RIA rift, Jim McCool, the controversial former RIA chief and original Bettinger partner, exits

Bolloxed

Stephen Winks

Brian Murphy

Related Moves

January 2, 2025 at 10:49 PM

May 25, 2024 at 2:45 AM

November 3, 2022 at 1:59 AM

May 6, 2025 at 12:42 AM

RIABiz Directory

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