RIABiz

Raymond James poaches top Schwab RIA custody exec, as LPL, Cetera put pressure on IBDs to get RIA-hybrid competitive

Schwab RIA custody exec Elyn Davis lands at Raymond James where she'll lead 'client experience' as hybrid-RIA battle heats up among major IBDs.
RIABiz

CAIS lands $170-million from Vista Equity at $2-billion valuation, double the last raise, but amount rekindles questions about whether private equity firms pay premium fo…

The New York City alts marketplace has raised half the sum at double the rate of four years ago, but it can point to growing ...
RIABiz

Schwab is nixing FDIC backing on Schwab One sweep cash to 'Investor Checking' as soon as Sept. 8 by moving it all under SIPC -- with clear drawbacks for investors, say analysts

It's the latest move by the Westlake Texas RIA custodian and brokerage to bolster 'economics' of its key revenue source, but the savings aren't being passed to investors, and FDIC and SIPC coverage qu ...
RIABiz

Altruist promises 'NASA-like precision' with sweep-cash funded margin loans, aiming to solve the tax-aware long-short SMA bottleneck frustrating RIAs at Schwab and Fidelity

Altruist expects its margin lending service to be fully up-and-running by September; broad support for short-selling will follow.
RIABizOpinion

Schwab CEO said his company would be a 'premier destination' for private markets, on July 21 -- a day later, Andy Rachleff blogged why private investments are stacke…

Rick Wurster told analysts that Forge makes Schwab the private investments 'destination of choice,' but Rachleff retorts as a ...
RIABiz

No-constraints Corient's $21-billion RIA buy -- right after three deals closed with $19 billion -- is more of a harbinger than a harvest, says CEO, as integration completions ...

Corient whets its appetite buying Seven Bridges' $5 billion and $8 billion business in Tulsa and $5 billion Vivaldi in in recent months; lightening integrations -- and 'permanent capital' -- make the ...
RIABiz

Rick Wurster insists Schwab won't charge RIAs custody fees or roll out AI cash optimizers, but Compass Point analysts say a 'Costco'-style fee for agentic cash-sorting could ...

Compass Point analysts suggest Schwab could launch subscription-based AI cash-sorting tools to replace lost sweep revenue. Subscription fees for agentic cash sorting may boost Schwab’s stock price to ...
RIABiz

Registered Investment Advisors

Cerulli reveals giant leak in RIA assets, and Mark Tibergien explains why plugging a hole draining the Boomer 'Great Wealth Transfer' may be a harder than ever The Boston firm says client withdrawals ...
RIABiz

Greg O'Gara

Schwab CEO said his company would be a 'premier destination' for private markets, on July 21 -- a day later, Andy Rachleff blogged why private investments are stacked against retail investors Rick ...
RIABiz

hedge funds

Schwab CEO said his company would be a 'premier destination' for private markets, on July 21 -- a day later, Andy Rachleff blogged why private investments are stacked against retail investors Rick ...
RIABiz

Orion and Goldman Sachs deepen their two-way custody and tech ties with a new AI onboarding tool, but shared large RIA clients may still prefer to build their own API pipes

Todd Bertucci: Goldman Sachs is the first custodian live on it, with more to follow. Building on a budding relationship across product lines, Orion rewarded Goldman Sachs Custody Solutions' initiative ...
RIABiz

Cerulli reveals giant leak in RIA assets, and Mark Tibergien explains why plugging a hole draining the Boomer 'Great Wealth Transfer' may be a harder than ever

Mark Tibergien: 'Several of my friends have been on real spending benders lately.' Brooke's Note: Any RIA industry success story would have to note two giant tailwinds. One of them is the tireless ...