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The XY Planning Network co-founder's small RIAs will go unscathed by Schwab's block-trade charges, but he calls out Schwab reneging on 'zero,' which upends established client/custodian alignment.
The Bank of America wirehouse concedes any agreement may be implicit, and FINRA can't control non-members like Dynasty, but an implicit agreement exists, nonetheless, and justice must be served.
The RIA custodian has posted the coming fee on its pricing schedule -- raising questions related to trade-away policies, best execution and payment-for-order-flow.
After falling behind (initially) on zero commission trading, crypto-trading, and complex retail day-trading, Schwab's CEO is prepared to ‘go’ on prediction markets, but only -- for now -- gambling on 'investing-related' matters
The Jersey City, N.J., custodian never had self-directed assets to refer, but it will now create a way for 'Lockwood' clients to request an RIA -- and may resell third party referrals, too
Schwab's CEO refuses to rule out an eventual roll-out of a 'prediction market' service, but for now, he's focused on bolstering support for day-traders in the face of growing competition from Robinhood.
The Westlake, Texas brokerage could take as much as 15% of revenues from $2.4 trillion of exchange traded funds on its platform. Vanguard remains a question mark.
The Westlake, Texas brokerage expresses urgency because 66% of retail assets are now high-net-worth -- with more than a million millionaires.
Altruist, IKBR and Vanguard are cool for now, but Schwab and Fidelity are nearly mum amid questions, like when blocks happened and what's next for Schwab's own money market ETF.
The Westlake, Texas giant's new fund will hit the market May 28, pending regulatory approval, and crash BlackRock's near-monopoly, but also lend potential legitimacy to the novel concept.
Edward Jones and E*Trade also saw ratings stumble in ACSI study. Schwab and Vanguard held steady.
The RIA firehose of news is rife with tactical moves to shore up voids, play catchup and react to a new concept of political tailwinds
The Westlake, Texas brokerage was paying 0.45% as recently as last summer but in late December that was cut to five basis points, in 'calculated risk,' attorney says.
Brown's hire is also something of a 'reunion', given his near 15 years at Pathstone, and through family office roles at both Fidelity and Schwab.
The Boston giant' is getting past the old LinkedIn, Facebook paradigm, adopting a more casual tone and using third-party media for 'service.'
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