Fidelity, Schwab and TD Ameritrade are hiring call center reps and others to answer investor questions—but what does that mean for the RIAs that custody with them?
While overall fees have decreased over the last decade, the industry has done little to level the playing field for investors and solve the real problem — aligning fees to the value of active management and improving the probability of a favorable outcome depending on manager skill and efficiency of the asset class.
Schwab’s decision to move all 2020 conference to a “virtual environment” signals changes for the future of industry events—and advisors say they welcome the trend. The main drawback? No "swag" to bring home to the family.
The devastation following the COVID-19 crisis will lead to a lull in RIA mergers and acquisitions, followed by a surge until a return to normal, writes David DeVoe.
Advisor head count at the big firms continued to erode, and the expected flight to cash, zero interest rates and slowdown in economic activity cut into assets under management.
Even as the number of advisors jumping channels has slowed during the pandemic, it has not stopped independent channels from continuing to attract the most net new advisors, according to new data.
