Clearing and custody

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Integrations still on the tech road map

Although not often thought of as cutting-edge by most financial advisers, the four major custodians may become popular partners with some major banks and their private-wealth operations.

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Attracting RIAs with more services

Independent broker-dealer firms are making a run for the registered investment adviser custody business.

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Channel changes and hybrids keep firms on their toes

Analyst Sean Daly of Cerulli Associates Inc. covers the financial advice industry as part of Cerulli’s intermediary-analyst team. He tracks wirehouses, regional firms, independent broker-dealers, RIAs, dually registered investment advisers, banks and insurance companies.

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Awaiting profit stream from rising rates

Clearing and custody firms, like their broker-dealer brethren, continue to struggle with negligible returns on client cash caused by record low short-term interest rates.

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Athletes finish out of the money

Pro athletes like the NFL’s Terrell Owens might seem blessed with multiyear, multimillion-dollar contracts. But cursed may be a better description.

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ERISA lawyers: Professor’s take on 401(k)s bunk

Say plan sponsors should follow ‘prudent process’ to evaluate service providers.

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KKR’s first closed-end fund falls flat

Fund’s go-anywhere mandate may be its silver lining.

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Sweeping changes under way at DFA

For the first time in more than 20 years, Dimensional Fund Advisors is changing the way it builds equity portfolios, which may surprise financial advisers, who widely admire the company’s strategy.

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Finra board member downplays scandal

A newly elected Finra board member whose firm has been connected to a bribery scandal involving the former treasurer of Arkansas said the matter should have no effect on his ability to serve on the board.

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