RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

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
Admin:
no description available
Fidelity's poach of Kelly Smith from Schwab Advisor Services left former colleagues frustrated.
Brooke Southall and Keith Girard contributed to the editing of this article.

Jimbo

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

Rob

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

Related Moves

Cetera hiring Mike Durbin as CEO -- overseeing its existing 'CEO' -- completes Genstar's stellar HR week after it put Charles Goldman atop Orion's board -- with 'exponential' growth in mind for the 'middle market' companies

The Los Angeles broker-dealer nabbed the Fidelity legend to take its $118-billion AUM and 8,000 advisors higher, just as Orion -- also majority owned by Genstar -- makes a similar move.

May 18, 2023 at 1:46 AM

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


RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo