RIABiz

Schwab is opening its SMA marketplace to a Houston start-up's 'cash' option that lets advisors chase 7.5% yields on FDIC-insured cash -- with a few wrinkles

The Westlake, Texas RIA custody giant is leery of infringement on its cash management turf, but Save, a niche player that ...
RIABiz

Schwab's Jon Beatty is one custody head offering a port in the storm after Fidelity unmoors its sub-$100M RIAs and Altruist's Jason Wenk , Apex's Bill Capuzzi and Tra…

The head of Charles Schwab's $6-trillion RIA custody unit says his firm already serves 11,000 of these micro-practices -- ...
RIABiz

Fidelity's move to kick sub-$100-million RIAs off its platform is 'bizarre,' Kitces says; it’s likely to backfire, Chalekian says; yet, the Fidelity-Savvy deal last week may ...

The Boston No. 2 RIA custodian shocked the RIA industry. Yes, RIA custody is a ‘broken' model and serving small firms can ...
RIABiz

Fidelity Investments just cast a wider net for RIA custody revenues by backstopping Savvy Wealth's (expected mid-2027 ) custody launch -- hastened by the lean-in of '…

Savvy and Fidelity make a strong team to target Commonwealth assets, Savvy CEO says, because those advisors lived on Fidelity ...
RIABizOpinion

Merrill Lynch creates hefty new 'data' and 'shelf' fees and offers third-party managers who pay them a leg up when its 'thundering herd' recommends investments – but s…

The New York wirehouse was slow but also benefits as last mover among its peers, analysts explain -- it knows exactly how ...
RIABizOpinion

Hightower Advisor CEO names two new presidents -- one to revamp the old rollup business, the other to develop the new single-system unit -- both with the objectiv…

Marco De Freitas wil undertake the massive switch from Vanguard in November and Jennifer Frazier will mostly formalize her ...
RIABiz

Pontera 'reframes' itself from 401(k) workaround agent to trusted gatekeeper of AI agents -- possibly solving impasse with Fidelity -- as Schwab unleashes 'Charley,' its new AI ...

Pontera Public Policy Director describes onslaught of demand for 'trust overlay' in a world where AI agents need perpetual rapid vetting where his firm lives.
RIABiz

Pontera 'reframes' itself from 401(k) workaround agent to trusted gatekeeper of AI agents -- possibly solving impasse with Fidelity -- as Schwab unleashes 'Charley' ag…

Pontera blogger describes onslaught of demand for 'trust overlay' in a world where agents need perpetual rapid vetting where ...
RIABiz

Schwab's surprise unveiling of Anthropic deal at Future Proof shows it has an AI ace up its sleeve, but it may take five years or more to catch up with Altruist, if at all, say ...

Jason Wenk: [Arca can] do things with Altruist that aren't possible anywhere else. Brooke's Note: Has Schwab already been disrupted in RIA custody? We're asking as Altruist unveils advances and ...
RIABiz

Schwab's poach of $8-billion Ameriprise breakaway extends its wild 2026 rout of the once impenetrable fortress to four $1-billion-plus teams with help from high-multiple market

Jim Cracchiolo: Right now, people are taking some checks. Brooke's Note: I can't remember the last time Ameriprise was central to an RIABiz story. But of late, the broker-dealer has become Schwab’s ...
RIABiz

Michael Kitces

Fidelity's move to kick sub-$100-million RIAs off its platform is 'bizarre,' Kitces says; it’s likely to backfire, Chalekian says; yet, the Fidelity-Savvy deal last week may soften any blow The Boston ...
RIABiz

Greg O'Gara

Merrill Lynch creates hefty new 'data' and 'shelf' fees and offers third-party managers who pay them a leg up when its 'thundering herd' recommends investments – but stops short of leveling the ...