Articles tagged "Schwab Advisor Services"
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Shirl Penney and Brian Hamburger gang-tackle largest breakaway of 2019 as Jason Fertitta, Team Americana bolt Morgan Stanley to form Schwab RIA
The Dynasty CEO and MarketCounsel CEO fended off the logistical and legal furies for small team with $6 billion in AUM and average accounts of $50 million
April 29, 2019 at 5:11 PM
The old trick of new math Pershing used to make its RIA assets in custody soar from $200 billion to $615 billion in one year
Citing 'evolution,' the other Jersey City, N.J.-based custodian redefined 'RIA' to leapfrog itself over TD Ameritrade and into the rear view of Fidelity
June 12, 2018 at 5:01 PM
Bernie Clark gets an A-level exec to help him futurize Schwab's RIA platform
After Lightyear's Advisor Group nabbed Ed Obuchowski, Schwab went big in replacing him with Andrew Salesky
June 6, 2018 at 3:21 AM
What to make of a $239M-AUM RIA dwindling to $191M then suing Schwab for $100M as the alleged cause of the asset hemorrhage
Ed Butowsky says the San Francisco-based custodian played politics illegally by using a beltway scandal involving murder, WikiLeaks and collusion as a smokescreen to steal his clients
May 2, 2018 at 9:06 PM
Tim Hockey goes to Florida with an RIA 'problem' that's not RIAs
The TD Ameritrade CEO relies on 6,000 registered investment advisors for 80% of growth -- skewed by big, big 'bus drivers' like Ric Edelman and Ron Carson
February 1, 2018 at 11:17 PM
Charles Schwab & Co.'s vertical play to monopolize ETF market -- to be its low-cost maker, distributor and manager -- diesels ahead as ETF OneSource grows again
San Francisco giant executes macro strategy to underprice Vanguard, get paid big bucks to sell third-party funds for free, sell ETF portfolios gratis in its industry-leading robo-advisor and keep custody of $1.4T of RIA assets fast-converting to ETFs
July 14, 2017 at 8:51 PM
Schwab and Dynasty break $1B Celenza team out of Merrill Lynch five years after Barclays effort flags
Matthew Celenza reunites with former Citi contacts Shirl Penney and Todd Thomson to resume shared vision
July 11, 2017 at 2:01 PM
Eight years after historic Schwab-RIA rift, Jim McCool, the controversial former RIA chief and original Bettinger partner, exits
After McCool hastily axed alternative investments from Schwab RIA platform, Bernie Clark took the chief custody role as part of the healing process
July 6, 2017 at 11:07 PM
Triumphant Phil Fiore set to regain $8.4 billion of AUA that UBS stripped away by firing him in November
Reunited with former partners at newly founded RIA Procyon Partners, and despite a last-minute UBS lawsuit seeking a restraining order, the wirehouse veteran appears to be back in the driver's seat
June 19, 2017 at 2:00 PM
TradePMR is making RIAs sign a promise to succeed -- to good effect
The low-profile Gainesville, Fla. custodian is using the inked compact to motivate, make hard conversations softer and make purges of the small and stagnant practices less frequent
May 18, 2017 at 11:47 PM
How Neal Simon parlayed a hoity-toity family office RIA into a $5 billion serial buyer in two years by letting the whale swallow him first
The CEO of Bronfman E.L. Rothschild engineered nine roll-ins and liftouts since 2015 and, with a key Cantor Fitzgerald hire, is now turning a hungry eye on NYC
May 11, 2017 at 9:52 PM
Owner of $1.2 billion RIA dies in Palm Springs under mysterious circumstances after swirl of allegations
One client accused Jim Casey of using her assets, unbeknown, to fund ill-fated movie ventures and his Integrated Wealth Management is being sued for misappropriation and mishandling of pension funds and client assets
May 5, 2017 at 6:45 PM
DFA RIAs remain in turmoil as Schwab and Fidelity ponder matching TD Ameritrade pricing deal and a key couple of basis points
The Austin, Texas-based asset manager says its door is open for negotiation but the two big custodians in San Francisco and Boston remain mum as RIA CEOs are pressing for clarity
May 2, 2017 at 9:32 PM
DFA and TD Ameritrade strike 'strategic' deal with potential to shift RIA custody power axis
Tension in the three-way relationship between Fidelity, Dimensional Fund Advisors and the RIAs who use both vendors creates opening for Tim Hockey
April 24, 2017 at 6:33 PM
After sticking his own succession landing, Tim Kochis bags 'retirement' and joins forces with DeVoe & Co. to help other RIAs do same
Tim Kochis helped David DeVoe with his business plan and may become a shareholder as soon as next year
