Commonwealth cuts RIA custody fee, toggles Fidelity and Schwab as sub-custody and co-custody partners, and explains why its model puts $1 trillion of (mostly) RIA assets in reach
Fresh off three-year hiatus, Wayne Bloom framed his Waltham, Mass. IBD as both a big, national RIA and a custodian to smaller ones but also promises to 'remember where you come from' -- namely a commission-based brokerage beginning.
Authors Brooke Southall and Oisin Breen
December 7, 2022 at 4:57 AM
Keith Girard contributed to the editing of this article.