Dec 31, 2025
RIABiz's five top articles of 2025: Schwab goes 'discretionary' on wealth • Schwab plans to keep or self-refer all sub-$2-million accounts • Fidelity flexes its 401(k) edge • Vanguard sheds nice-guy culture with internal pitting • RIA's lawyer kills Merrill's TRO attempt on $129-billion breakaway
RIAs quickly grasp when a move by Fidelity, Schwab or Vanguard could have an impact that shifts the ecosystem for better or worse.