Fidelity lands RIA whisperer from Schwab in a coup, apparently using quality-of-life perks as lure
Kelly Smith chose the Boston rival for greater flexibility, better pay and a chance to move upmarket to sell family office services to RIAs that mix with the ultra-high-net-worth elite.
Author Oisin Breen
February 10, 2023 at 3:39 AM
Brooke Southall and Keith Girard contributed to the editing of this article.
Related Moves
RIA recap: Bernie Clark promises to 'be there' for coming TDA-Schwab system snafus; Fidelity gets custody win; Vanguard dishes out big tax bill to investors
Schwab RIA chief petitions for 'patience' for coming merger inconveniences but 'repapering' is no culprit; Carrie Pomerantz gets Schwab board seat; Addepar wins $65 billion AUM contract.
November 3, 2022 at 1:59 AM

Jimbo
February 12, 2023 — 4:39 AM
As long as you’re a woman or special status group member, woke Fidelity will hire you. Middle age white males need not apply.

Rob
February 12, 2023 — 7:48 PM
Seems to me Schwab AS has a leadership issue. Might be time for changes at the top.