'Cash' backlash smacks RIA industry after custodians overreached, and investors -- and trial attorneys -- signal that a wink-wink on raking spread profits on loose cash got violated

Schwab, Morgan Stanley, LPL and Wells Fargo are among the firms feeling the heat and facing the conundrum around overreliance on a chief revenue source.

Author Brooke Southall July 27, 2024 at 1:10 AM

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Dan Arnold: In all, we feel good about the strong complement of cash solutions we provide. In that spirit, we do not have plans to change our prices.

Keith Girard contributed to the editing of this article.

'Cash' backlash smacks RIA industry after custodians overreached, and investors -- and trial attorneys -- signal that a wink-wink on raking spread profits on loose cash got violated

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'Cash' backlash smacks RIA industry after custodians overreached, and investors -- and trial attorneys -- signal that a wink-wink on raking spread profits on loose cash got violated

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