Schwab offers an informal welcome to Fidelity's sub-$100 million custody clients
The custodian says it already serves 11,000 micro-practices, but stops short of a promise as Apex, Altruist and Robinhood's TradePMR also say they are open.
Ascensus launches a participant-referral workflow for plan advisers
The recordkeeper says the tool links 401(k) savers with the adviser serving their employer plan, across a book of more than 16 million participants and $1.3 trillion in administered assets.
BofA strategists say easy money from AI capex trade is largely made
The Monday note says positioning in AI-linked beneficiaries and white-collar consumption themes already reflects both sides of the trade, and it recommends a selective pivot.
SEC, FINRA, CFTC, NASAA, NFA and SIPC issue a joint investor bulletin
The bulletin pairs market-volatility planning with warnings that AI is making impersonation scams harder to detect and directs investors to registration checks.
Ensemble Practice survey finds 4.3% client attrition at RIAs above $1 billion in 2023
Philip Palaveev contrasts 4.3% at the largest firms with 1.4% below $500 million and points to service by employees who hold no equity stake.