Custodians

MFS, Financial Network Flirt With Self-Custody On Some Accounts

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Rumbling about whether two of the Cetera Group's broker-dealer units will push their accounts to a third for custody are as yet mostly speculation.

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TD Ameritrade Launches High-Profile Study To Find Its Own Answer To The Question Of Advisor Supervision

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Frustrated by years of bickering about how advisors should be regulated, TD Ameritrade's institutional brokerage unit has decided to gather its own facts and come up with its own conclusions. 

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Schwab Earnings Hold Up Despite Plunging Trading Revenue, Ambivalent Account Numbers

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Charles Schwab reported decent bottom line numbers yesterday, but drilling down into the revenue and asset mix reveals that the second quarter was kind of slow for the massive discount brokerage and custody firm.

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Some Nibbles, But No Bites On Schwab's Franchised Advisory Program

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Charles Schwab has apparently gotten about 300 inquiries but no firm sign-ups yet from established RIAs curious about its controversial new franchised advisory office network.

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Schwab Advisor Chief Dismisses Fears That Franchised Branch Offices Compete With RIA Affiliates

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Charles Schwab seems sensitive to advisor concerns that they will lose business to their own custodian, but at the end of the day it looks like RIAs compete with Schwab at their own risk.

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