Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Yes, RIAs Are Fueling the Discount Broker Boom Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 15, 2017

Yes, RIAs Are Fueling the Discount Broker Boom

News summary by MFWire's editors

Independent RIAs, as fundsters well know, continue to be a key growth driver for several big discount brokerages.

The Wall Street Journal ponders that trend, pointing to RIA custody growth at Charles Schwab and TD Ameritrade. The piece provides some updated figures that fundsters in distribution can use as further evidence of the growing importance of their RIA channels.

Yet when it comes to RIA custody, there are two other big players to keep in mind that are barely mentioned in this WSJ article. Fidelity, though it has other big business lines, too, is the second-biggest RIA custodian in the business (after Schwab) and is also a huge discount brokerage. And BNY Mellon's Pershing, though more well known as a clearing and custody titan backing broker-dealers, is the fourth biggest RIA custodian and continues to grow fast in the space.

Devin Ryan, managing director at JMP Securities, and Shirl Penney, CEO of Dynasty Financial Partners, both chimed in for the WSJ article. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use