Walt Bettinger sugarcoats nothing to TD Ameritrade RIAs about re-papering or technology and he calls 'modest' the importance of RIA revenues to Schwab

We would all be fooling ourselves to think that this hasn't been in CS' strategy for quite some time. In such chaotic times it would be equally foolish to jump to decisions, just as it would during spotty market volatility, to make a knee-jerk reaction as to whether or not to stick with CS/TDA - at least until the dust settled and things are less chaotic. In my experience working with all firms of all sizes and types that are multi-custodian approximately 60% custody at CS and TDA. I am one small data point but I've heard that number commonly from many other sources. Also that is from several types companies that I have been associated with from trading to UHNW reporting. All I can say at this juncture is hang onto your hats everyone because it's going to be one heck of a rodeo. Pete Pete Giza | CPO | AdvisorPeak

What a great and much deserved win for Pershing Advisor Solutions. Mark Tibergien and his team are the only true partner with RIA's and it has been that way for a long time. How and why advisors work with Fidelity and Schwab is absolutely absurd. Just look at their recent advertising aimed at the wealth management clients that we all work so hard to attain and retain. Keep up the great work Pershing and thanks for being a great partner!