Articles tagged "Schwab Advisor Services"
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Michael Kitces is asking 'serious questions' about whether XY Planning Network should keep Schwab as its exclusive RIA custodian for 2,000 firms after 'slap in the face'
Kitces, the self-professed 'strongest advocate' for Schwab custody, now thinks Schwab is doubling down on a business model with 'striking parallels' to his own, heedless of his loyalty.
November 6, 2025 at 2:16 AM
After July 'launch' fizzle, Schwab kicks off annual IMPACT event by relaunching RIA-prospect 'superhighway' -- with less rhetoric and wider net to attract more clients
Advisor ProDirect was quiet out of the gate after experts raised concerns about sky-high price and conflicts, but those concerns still remain, they say.
November 5, 2025 at 3:32 AM
Rick Wurster again shows he's a different kind of Schwab CEO by owning crypto launch delay -- and making RIAs a prominent topic -- on quarterly Wall Street call
Now 10 months-plus into the top job, Wurster proclaims regulatory all-clear on blockchain assets and talks RIAs in near proportion to their $5 trillion with the Texas brokerage
October 17, 2025 at 10:41 PM
Charles Schwab and Dynasty pull off record-shattering -- and previously unthinkable -- lift-out of $129-billion AUA Merrill Lynch team, but the thundering herd has furiously stampeded to court to block the move
The Westlake, Texas brokerage and the St. Petersburg, Fla. RIA platform took the wirehouse's crown jewel with bold plan to compete nationally with Fidelity et al for Fortune 500-level 401(k), RSU, stock benefit, and other retirement and equity plans
September 25, 2025 at 2:54 AM
Seeking fresh custody revenues, Schwab Advisor Services radically expands 'institutional' no-transaction-fee platform -- essentially OneSource at a giant discount for discount mutual fund share classes
Schwab seems to be adjusting to market forces in building up its platform fee revenue, analyst says
July 9, 2025 at 2:57 AM
2025 will be the year of 'Under New Management' in RIA business, after 2024 brought profusion of CEO-level fires, hires and deals
First seven CEOs were replaced, then myriad big HR dominoes fell as Vanguard, Schwab, Envestnet, InvestCloud, LPL, Cetera and Orion all switched out CEOs and presidents
January 2, 2025 at 10:49 PM
Incoming Charles Schwab CEO toes edge, telling RIAs he will greenlight spot coin trades, maybe 'in short order' under Trump, but conservative firms still must have 'risk appetite,' SEC attorney cautions
Rick Wurster says Schwab is watching regulators but regulatory attorneys say financial chiefs ultimately must contend with risk of digital asset fraud and manipulation.
December 7, 2024 at 12:21 AM
Jon Beatty uses his Schwab IMPACT coming out party to let RIAs know he is anti-disruption, and to expect the RIA industry to decelerate, after 10 crazy years of growth
Bernie Clark's replacement as RIA custody chief made no promises in conference interviews but praised 'scale' and 'breadth,' which Schwab certainly has in spades.
November 27, 2024 at 3:06 AM
Rick Wurster's CEO tenure begins with a big RIA question: will he honor Bernie-tenure 'pledge' to keep custody free, or will he create a new, possibly better, pricing paradigm?
RIAs have had a limited back-channel to the c-suite since Bernie Clark's departure, and Wurster remains an unknown to the industry.
October 8, 2024 at 4:06 AM
Federal judge, who tossed Stephen Greco's sweeping RIA lawsuit, grants leave to refile with more facts and less 'overlong and needlessly complex' arguments
Judge LaShonda Hunt keeps long-running, widely watched case against Creative Planning, Schwab, Fidelity and TD Ameritrade hanging by a thread.
September 28, 2024 at 2:22 AM
Charles Schwab Corp. sets 2025 to shut down RIA robo-advisor, will stop onboarding RIA clients in November 2024, offering legacy TD Ameritrade software as replacement
The sister robo advisor, Schwab Intelligent Portfolios, will live on as a retail offering but got nixed from Schwab's wealth RIA -- expunging reference to 2022 SEC sanction -- and now will be under RIA of Charles Schwab Investment Management
September 25, 2024 at 2:05 AM
Bernie Clark's parting remarks -- webcast and media -- center on Schwab's outsized symbiosis with national W-2 RIAs; he declines to 'name names' of ones he doesn't love but names some he does
The exit-bound Schwab RIA chief, never one to offend, says his company's net new assets depend on the aggregators 2-to-1 over RIA startups, but some are choosing a counterproductive path
June 1, 2024 at 12:48 AM
Bernie Clark, renowned in RIA circles, is the highest-profile executive to leave in a Schwab shake out of veteran talent, but only after his 'unmatched' feat -- adding nearly 9,000 RIAs and $4 trillion in assets to Schwab custody
The 14-year head of Schwab RIA custody kept both CEO Walter Bettinger and heads of 15,000 RIAs happy in an incredible juggling act of corporate and entrepreneurial goals
May 17, 2024 at 2:53 AM
Schwab CEO tells Wall Street threat of TD Ameritrade RIAs bolting ended months ago, with potential defectors holding fast to avoid repapering headaches
Walt Bettinger says he 'feel(s) exceptionally good' that 'all' RIA defections landed over the summer, and TDA RIAs have since been 'rewarding us with ... loyalty.'
October 17, 2023 at 2:13 AM
Fresh wave of TD Ameritrade RIAs are speaking out 30-days after Schwab Advisor Services merger, complaining about more red tape and problems befalling clients -- stress levels high
Not just social media savvy RIAs, but principals of smaller, classic, all-TDA shops are listing a litany of issues -- the tip of an iceberg, according to small RIA custodians.
