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To leapfrog ahead in direct indexing, Schwab to buy Motif technology and hire Hardeep Walia and much of his staff

The San Francisco company gets all of the San Mateo firm's algorithms, patents and source code but not the customer assets and 'leverage' of its giant index-investing franchise.

Thursday, May 7, 2020 – 10:36 PM by Brooke Southall
Admin:
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Hardeep Walia: Schwab shares our spirit and passion for making personalized investing easier and more accessible.

Related Moves

Goldman Sachs RIA custodian delayed indefinitely, as 'technical details' bedevil launch date

The clock is ticking on the New York City investment bank's strategic imperative to strike while TD Ameritrade and Schwab merge, but Goldman may be facing similar obstacles combining with Folio Institutional.

March 16, 2022 – 2:47 AM

Goldman Sachs lifts two superstar RIA recruiters from Schwab and Pershing, tipping hand on a big push into the RIA space, targeting early 2021 custody launch

The Wall Street B2B superbrand prepares RIA distribution and poaches Richard Lofgren and Bill Dalton -- with a TD Ameritrade hire potentially in the works -- months ahead of a harder launch.

October 6, 2020 – 11:25 PM


Mentioned in this article:

Folio Institutional
Asset Custodian
Top Executive: Greg Vigrass




Richard M. Allison

Richard M. Allison

May 8, 2020 — 2:47 PM
Why do I need Vanguard or any other ETF index provider for that matter, if I can do my own version of direct indexing and save the client those ETF management fees?

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