Brooke Southall
Articles written by Brooke Southall
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Goldman Sachs signals Charles Schwab Corp. is out of the woods with huge rating upgrade based on less debt, more cash and 'durable' organic growth
Analyst Alex Blostein pushed the target to $100 after the balance sheet looks healthiest since bank crisis, and TD Ameritrade customers are buying more Schwab products
April 26, 2025 at 4:55 AM
Top federal regulator floats putting 'mid-size' RIAs -- possibly up to $1 billion in AUM -- under sole state purview, and Adrienne Gurley provides insights in an RIABiz Q&A
Commissioner Mark Uyeda dropped the bomb on April 8 and Gurley, a former SEC senior counsel, offered to answer questions about serious practical ramifications.
April 24, 2025 at 1:46 AM
Altruist wins 'unsolicited' $152-million raise, including capital from Salesforce, which is midstream 'very deep integration' signalling shift to $1-billion-plus RIAs
The Culver City custodian now has 20-plus $1-billion-plus RIAs and average size is 43% larger as integrations with Orion, Advyzon and Tamarac lay groundwork to tackle Schwab and Fidelity
April 23, 2025 at 2:06 AM
Rick Wurster puts hard(er) date on Schwab spot bitcoin launch, after key hire and 400% surge in visits to its 'crypto site,' but isn't pulling down crypto red flags quite yet
The Schwab CEO expects house 'spot' trading by mid-April 2026, though Schwab's site starkly warns crypto has no 'inherent value.'
April 19, 2025 at 3:39 AM
Charles Schwab Corp. buys stake in Wealth.com and became latest of Big Three to chase the $90-trillion-dollar asset hand-off
Aging high-net-worth investors starting to seek answers about last, big transfer hold lion's share of Westlake, Texas, brokerage's $10 trillion in assets -- a place where Vanguard and Fidelity have made recent moves, too
April 17, 2025 at 3:21 AM
Vanguard and Blackstone disclose joint 'initiative' to bring alts to mass investors after private 'talks' leak months ahead of planned news release
The 'culture clash' collaboration of the kings of two different markets could be a good high-net-worth retail strategy for each -- but they have serious stuff to work out.
April 16, 2025 at 2:02 AM
Chuck Schwab stands at Trump's side (literally) and wins President's praise for supporting policies amid tariff fallout, while Schwab's chief investment strategist raises red flags
Schwab co-chair intersects with Trump on policy, business [and golf,] while the company's chief investment officer Liz Ann Sonders has little good to say about government policies right now
April 12, 2025 at 12:55 AM
Schwab finally launches alts to retail investors with $5 million, five years after initial iCapital deal, but just seven days before its CEO faces Wall Street
The Westlake, Texas brokerage expresses urgency because 66% of retail assets are now high-net-worth -- with more than a million millionaires.
April 11, 2025 at 1:33 AM
Never mind near 10% S&P 500 snapback, the Trump tariff war baked in 'enormous wealth destruction,' and it's hardly 'over,' asset managers say
Today is so much better than yesterday after stocks rallied on a tariff 'pause,' but it is still a very bad situation; the damage assessment is just starting.
April 10, 2025 at 2:34 AM
Cantor Fitzgerald IA CIO sends midday letter to RIAs with take that reassures on tariffs, and he assures reporter that any aligment with Howard Lutnick is coincidental
The note arrived in email boxes after the market collapsed 5% today and explains tariffs were needed and negative effects should be 'very' short in duration
April 4, 2025 at 12:57 AM
Commonwealth and LPL CEOs are determined to share bright future after black swan HR event unlocked the opportunity
Wayne Bloom and Rich Steinmeier both faced hard math after Dan Arnold's shock firing as LPL CEO, but then the numbers started to add up
April 3, 2025 at 1:44 AM
LPL CEO claims 'prize' 'anti-LPL' Commonwealth for just $2.7 billion, but the price will rise, experts say, to retain its advisors conditioned to know LPL as a place with subpar service, culture
Only about four months into his job, Rich Steinmeier pulled off a coup, but poachers may smell blood, too.
April 1, 2025 at 12:55 AM
Goldman Sachs custody unit gets coveted foothold with Dynasty Financial, but no assets yet in a move that still threatens Schwab and Fidelity, recruiter says
Dynasty has 57 high-end RIAs and $100 billion-plus of AUA with sophisticated clients who can use the investment bank's services.
March 28, 2025 at 2:47 AM
AssetMark takes on 72% financial advisor flameout rate, which is both worse and not as bad as it sounds for RIA 'entrants,' says Eliza DePardo
The $116-billion TAMP has a new CEO, a new owner, bought Morningstar's turnkey assets and now will tackle a quasi-existential RIA concern.
March 25, 2025 at 1:35 AM
Ten month-old New York City startup uses artificial intelligence to gin up RIA leads and reel in immediate success
Eden Ovadia was a 25-year-old BCG consultant presented with a task that she turned into a rare, successful RIA artificial intelligence venture.
