Charles Schwab Expands 24-Hour Trading to All Its Retail Clients
Wealth Management
FEBRUARY 12, 2025
Schwabs retail clients will be able to trade a wider range of securities 24 hours, five days a week.
Weekend Reading For Financial Planners (November 23–24)
Nerd's Eye View
NOVEMBER 22, 2024
Further, amidst grumbling from some firms, incoming CEO Rick Wurster reiterated a pledge that Schwab (which offers its own direct wealth management services) will not seek to compete for clients with RIAs on its platform, seeing opportunities to pursue prospective clients currently unserved by either group.
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BlackRock Muscles Into Private Assets Market for Wealth Clients
Wealth Management
JUNE 26, 2024
is expanding further into private-markets investing, striking a new partnership to include the assets alongside traditional ETFs and mutual funds in model portfolios pitched to wealthy US retail clients. (Bloomberg) -- BlackRock Inc. The firm will w
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#FA Success Ep 318: From So Many Clients To So Few: Transitioning From Retail Brokerage To The Multi-Family Office, With Ali Swart
Nerd's Eye View
JANUARY 31, 2023
What's unique about Ali, though, is how she transitioned from a retail brokerage firm where she served nearly 400 clients (and was still responsible for business development to get more of them), to a multi-family office serving clients through specialized client relationship teams that keep advisor capacity to no more than 10 clients per advisor at (..)
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SEC Bars California Advisor For Defrauding Hundreds of Retail Clients
Wealth Management
OCTOBER 17, 2022
According to the commission, Keith Springer and his firm used “deceptive marketing” via ads and his radio show to attract investors, many of whom were retirees.
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ETFs Could Claim the Biggest Share of Client Portfolios by 2026
Wealth Management
JUNE 25, 2024
A new report from Cerulli & Associates finds the retail financial advisor channel has been the biggest growth driver behind ETFs.
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#FASuccess Ep 411: Getting Clients Comfortable With Market Risk Using A More (Options-Based) Measured Risk Approach, With Larry Kriesmer
Nerd's Eye View
NOVEMBER 12, 2024
Larry is the Chairman of Measured Risk Portfolios, an RIA based in San Diego, California, that oversees $350 million in assets under management for a combination of internal retail clients and external financial advisor clients.
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BNY to Buy Archer Platform as Part of Push Into Retail Wealth
Wealth Management
SEPTEMBER 5, 2024
The acquisition of Archer will help BNY Mellon handle the infrastructure and distribution of managed accounts to financial advisors and their clients.
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Robinhood Acquires TradePMR To Refer Next-Gen HNW Clients To On-Platform RIAs (And More Of The Latest In Financial #AdvisorTech – December 2024)
Nerd's Eye View
DECEMBER 2, 2024
Welcome to the December 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
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T. Rowe Says Its Retail Private Credit Fund Is in ‘Early Stages’
Wealth Management
FEBRUARY 8, 2024
Rowe is in the “early stages” of bringing a private credit fund, dubbed OCREDIT, that it started in October to wealth management clients.
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Schwab Says TD Ameritrade Deal Spurring Retail, Advisory Attrition
Wealth Management
AUGUST 14, 2023
Schwab’s attrition amounts to about 4% of Ameritrade revenue prior to the deal, or around 1% of combined total client assets as of the end of last year.
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The Ultimate Entrée For The Independent Channel
Wealth Management
JULY 22, 2024
While many in the financial advice business have for years focused on retail clients, some firms are finding that pensions and foundations can pay off in a major way.
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Client Cash Management: Why It’s Important, And The Next Generation Of Technology To Make It Better
Nerd's Eye View
AUGUST 22, 2022
However, despite the impact that cash may have on a person's mindset, advisors have traditionally spent little time advising clients on what to do with their cash - except simply to tell them not to hold too much for risk of losing value to inflation. Read More.
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Client Cash Management: Why It’s Important, And The Next Generation Of Technology To Make It Better
Nerd's Eye View
AUGUST 22, 2022
However, despite the impact that cash may have on a person's mindset, advisors have traditionally spent little time advising clients on what to do with their cash - except simply to tell them not to hold too much for risk of losing value to inflation. Read More.
Clients 246
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PIABA Urges SEC to Suspend RIA Mandatory Arbitration Clauses
Wealth Management
DECEMBER 11, 2023
In a recent report, the SEC Investor Advocate suggested the commission "temporarily" stop RIAs from including mandatory arbitration clauses in contracts, arguing they could "mislead retail clients into not exercising their legal rights."
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Most Advisors Say Single-Stock ETFs Should Be 'Avoided Like the Plague'
Wealth Management
JULY 26, 2022
Advisors say single-stock ETFs are more appropriate for short-term institutional traders who understand the inherent risks, not for retail clients.
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Employee Retention Credit: Helping Clients By Assessing Rules And Eligibility In 4 Phases
Nerd's Eye View
NOVEMBER 15, 2023
As a result of this attention, advisors are seeing an uptick in questions from their clients – and may have questions about their own businesses – regarding whether or not the ERC is really legitimate, who can actually claim it, and whether it's worth pursuing either way.
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Altruist Raises $152M To Compete With “Big 2” RIA Custodians (And More Of The Latest In Financial #AdvisorTech – May 2025)
Nerd's Eye View
MAY 5, 2025
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Charles Schwab has taken a minority stake in estate planning platform Wealth.com as it seeks to offer estate document preparation to its retail investor clients – which on the one hand gives Schwab a value-add that could keep (..)
Adviser links: spent money
Abnormal Returns
AUGUST 12, 2024
riabiz.com) Altruist Altruist is shifting more clients onto its own custodian platform. kitces.com) Advisers Why private equity is going after retail investors: fees, high fees. kindnessfp.com) How to think about clients who have an inability to spend money they clearly have. financial-planning.com)
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Advisors Take on Alternatives
Wealth Management
SEPTEMBER 6, 2022
Asset managers and technology firms are luring retail advisors into alts with easier access and promises of diversification and enhanced returns. Here's what advisors themselves think about broadening their client portfolios.
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Adviser links: zero engagement
Abnormal Returns
FEBRUARY 26, 2024
riabiz.com) Alts How to talk to your clients about alternative investments. morningstar.com) Alts managers are gearing up to get in front of retail investors. (kitces.com) The biz How Altruist has gained ground in the custody space. riaintel.com) How XYPN's new corporate RIA, Sapphire, will roll out.
The Latest In Financial #AdvisorTech (June 2024)
Nerd's Eye View
JUNE 3, 2024
This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian built from scratch and solely for advisors – which, while making it the clear #3 custodian behind (..)
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Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care
Nerd's Eye View
OCTOBER 25, 2023
There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. These 3 components in practice make up a core part of the adviser's fiduciary duty to their clients.
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The Latest In Financial #AdvisorTech (April 2023)
Nerd's Eye View
APRIL 3, 2023
million in seed funding to support its growth as it builds out its "end-to-end" financial planning and advice engagement platform (but will it be able to replace, rather than augment, advisors' existing financial planning software?)
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10 Weekend Reads
The Big Picture
JULY 8, 2023
New York Times ) • Walmart Is Quietly Growing Into an E-Retail Tech Titan. The world’s biggest retailer stumbled in the early innings of the e-commerce revolution. trillion dollar in client assets. Others, like Taylor Swift, escaped. ( Now that Walmart has found its footing, it’s poised for big profits. The Stock Is a Buy.
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MiB: Tom Rampulla, Vanguard’s Financial Advisor Services Director
The Big Picture
OCTOBER 15, 2022
in client funds. Retail Gangster: The Insane, Real-Life Story of Crazy Eddie by Gary Weiss. Be sure to check out our Masters in Business next week with Marta Norton, Chief Investment Officer of Morningstar Investment Management. The firm manages directly or advises on $249.4B Outcome-Based Strategies for Morningstar.
#FA Success Ep 384: Growing An Advisor Career From (Bank) Assistant To Partner While Also Growing A Family, With Hannah Provost
Nerd's Eye View
MAY 7, 2024
Hannah is a partner and financial advisor at Lomanto Provost Financial Advisors, a hybrid advisory firm based in Plattsburgh, New York, that oversees approximately $150 million in assets under management for about 380 client households.
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Ares Launches Private Credit Fund for Wealthy Clients
Wealth Management
APRIL 25, 2023
The income fund will be distributed through Ares Wealth Management Solutions, the parent’s retail business, and sold through registered investment advisers and financial advisors in the US.
10 Investment Must Reads for This Week (April 15, 2025)
Wealth Management
APRIL 15, 2025
Charles Schwab announced that Schwab Alternative Investments Select, for retail clients with more than $5 million in household assets. Blackstone, Vanguard and Wellington Management announced a partnership to build multiasset portfolios with public and private assets.
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The Latest In Financial #AdvisorTech (May 2023)
Nerd's Eye View
MAY 1, 2023
This month's edition kicks off with the news that robo-advisor Betterment entered into a $9M settlement with the SEC for misrepresenting its tax-loss harvesting practices in its client agreements and marketing materials compared with its actual practices (e.g.,
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Weekend Reading For Financial Planners (Dec 10-11)
Nerd's Eye View
DECEMBER 9, 2022
Recruitment has become the top concern for RIAs, according to a Charles Schwab survey, outpacing client acquisition through referrals and other priorities for the first time in the history of the study. A four-step process that advisors can use to help clients who tend to overspend.
Comparing Alternative RIA Custodians: The List To Consider Beyond The Big 2
Nerd's Eye View
OCTOBER 24, 2022
The advisory firm is the front end of the client relationship, but it entrusts client assets, and key aspects of their service, to a custodian that safeguards the money and provides the underlying platform. This optionality can give fee-conscious advisors (and their clients) the ability to choose what makes the most sense for them.
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If It Sounds Too Good To Be True…
The Big Picture
SEPTEMBER 19, 2022
How people behave around financial decisions is important; what cognitive issues affect their thought process helps me give better advise to clients; last, how economic behavior impacts the markets and the economy affects us all. This organization primarily operates in the Watches business / industry within the Miscellaneous Retail sector.
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15 Biggest Stockbrokers in India With Highest Active Clients 2024!
Trade Brains
AUGUST 17, 2024
List of Biggest Stockbrokers in India 2024: In this article, we are going to look at the 15 Biggest Stockbrokers in India based on their total number of unique active clients. And this leads to a lot of trouble for their current clients. There are over 4900 stockbrokers in India registered with SEBI and different stock exchanges.
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At the Money: Matt Hougan on Responsible Crypto Investing
The Big Picture
NOVEMBER 26, 2024
His firm runs over $10 billion in client crypto assets. And find the entire musical playlist of At the Money on Spotify Responsible Crypto Investing Matt Hougan How should retail investors responsibly think about crypto? To help us unpack all of this and what it means for your portfolio, let’s bring in Matt Hogan.
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Research links: longer eras
Abnormal Returns
OCTOBER 11, 2022
Retail Kris Abdelmessih, "Options trading is high margin for the brokerage. A mirror of what it looks like for the client." moontowermeta.com) Are retail investors to blame for stock market seasonality? papers.ssrn.com) Behavior More information makes us overconfident.
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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024
Nerd's Eye View
MAY 15, 2024
In practice, the DoL's Final Rule means that financial advisers who advise clients about rolling over assets from an employee retirement account like a 401(k) plan into an IRA are now subject to ERISA fiduciary obligations.
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The Tailwind of An Aging Installed Base – HVAC
Fortune Financial
APRIL 1, 2025
For example, in 2023, we discussed how an older car fleet would provide a long tailwind for auto parts retailers. Both the author and clients of Fortune Financial Advisors, LLC, own shares of Carrier. More recently, we discussed the opportunity present in our nation’s old housing stock.
Adviser links: vulnerable later in life
Abnormal Returns
APRIL 24, 2023
investmentnews.com) Charles Schwab ($SCHW) is rapidly transitioning retail TDA accounts. riaintel.com) How the 'curse of mastery' could be losing you clients. (investmentnews.com) Annuities are coming to a 401(k) plan near you. wsj.com) The biz The challenges of growth: why RIA M&A is likely to continue.
3 Ashish Kacholia stocks with 85% net profit CAGR over the last 5 years to add to your watchlist
Trade Brains
JUNE 14, 2025
His Portfolio choices are closely tracked by retail and institutional investors alike. The company provides services to a broad spectrum of corporate clients in sectors like banking, finance, technology, healthcare, and many more. Here are the Ashish Kacholia stocks with 5-year Net profit CAGR up to 85%; 1.
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My New ETF: 100% of Upside + 0% of Downside
The Big Picture
JULY 20, 2023
My obvious bias is that my advisory firm charges clients to create financial plans and manage their assets. It is the advisor’s job to prevent clients from engaging in the kind of bad investment behavior that drawdowns often cause; I cannot see how trading that for >30% of the upside makes any sense. Chart after the jump ).
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Animal Spirits: Is the Stock Market Getting Ahead of Itself?
The Irrelevant Investor
JANUARY 24, 2023
Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: The narrative vortex December 2022 retail sales Auto market weekly summary: January 13 Tesla’s price cuts are roiling the car market Over 5M new US startups show Covid-era boom has legs Google (..)
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Titagarh Rail Systems, IREDA, and 7 other stocks excluded from Futures and Options
Trade Brains
JUNE 17, 2025
Here is the List of stocks to watch out for: Aditya Birla Fashion and Retail Ltd Aditya Birla Fashion and Retail Ltd (ABFRL) is a leading Indian fashion retailer with a wide portfolio of brands, including Pantaloons, Louis Philippe, Van Heusen, Allen Solly, and Peter England.
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