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In rare form, Schwab's Bernie Clark calls out rivals -- not least Fidelity, Goldman Sachs and LPL -- by name and warns them about challenging Schwab's prohibitive custody business domination

The head of RIA custody says 85% of RIA firms work with his unit, but rival custodians have knives drawn to poach advisors when TD Ameritrade merger wraps.

Author Lisa Shidler January 28, 2023 at 2:50 AM
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Bernie Clark (screenshot from today's winter update): Why would Envestnet think they want to be in the custody business?

RIA Custodians



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Mentioned in this article:

Nexus Strategy
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Top Executive: Timothy D. Welsh



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