State Street and Apex Clearing launch RIA custody; Connecticut Wealth hires Subatomic for AI
The new custody unit targets RIAs with at least $1 billion in assets; the $5.2 billion Connecticut RIA plans a first phase before end-2026.
At a glance
State Street and Apex Clearing have launched an RIA custody unit for RIAs with at least $1 billion in assets.
State Street launched the service late last month, returning to a business it exited abruptly about five years ago.
Connecticut Wealth Management, a $5.2 billion RIA, has hired Subatomic to build an AI operating system.
State Street and Apex Clearing have launched an RIA custody unit for RIAs with at least $1 billion in assets.
State Street launched the service late last month, returning to a business it exited abruptly about five years ago. RIABiz reports divergent priorities between the partners.
Connecticut Wealth Management, a $5.2 billion RIA, has hired Subatomic to build an AI operating system. The first phase is planned to go live before the end of 2026.
Save this analysis and keep the funds you follow together in My Desk.
Sign in to save articles or follow funds.
FeaturesWells Fargo FiNet logs 11-advisor team liftout from Ameriprise
FeaturesScott Hardy team leaves Commonwealth Financial Network for Summit Wealth Group with $189 million
The Close