A small RIA custodian in San Diego faces a new challenge: accelerating growth [updated]
Peter Mangan is creating a company that resembles the old Jack White more every day
Related Moves
TD Ameritrade's board suddenly pushes out Tim Hockey after his big misread of RIAs; Tom Bradley name-dropped as successor
The CEO broke the TD promise never to compete with RIAs, took it back and got sent packing
July 23, 2019 at 4:30 AM
Fidelity will hire 4,000 staff in first half -- a staggering number but a tapering off from 'unprecedented' rate in 2021-2022 that catapulted it to 68,000 employees
The $10.3 trillion giant explains its hiring -- in a layoff environment -- as an RIA-like goal, namely having the human bandwidth to develop 'lifetime' relationships with its 40 million investors
February 17, 2023 at 2:49 AM
Apex nabs Jon Patullo from 'Schwabitrade' to 'raise the bar' and make his new firm's RIA system as 'frictionless' as the old one
The loved and admired TD Ameritrade software chief will bring his playbook -- and possibly Schwab's -- to Apex, which continues to try putting a winning front-end on its old Penson backend, a source says
October 11, 2022 at 12:40 AM
Robinhood gets 'brilliant' upper manager -- and a spare CEO -- by nabbing TD Ameritrade's ex-thinkorswim top exec, hopefully to throw a lifesaver to Robinhood's sinking stock
The Menlo Park, Calif., firm nabbed Steve Quirk as first-ever chief brokerage officer to 'bridge the gap between academia and reality.'
January 6, 2022 at 10:33 PM
See more related moves
TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Shareholders Service Group
Asset Custodian
Top Executive: Peter Mangan
Frederick Van Den Abbeel
There is little doubt that SSG can continue to thrive, though with one caveat, says Mark Tibergien, CEO of Pershing Advisor Solution.
Interesting comment by Mark Tibergien — “They are making some interesting moves” including making the hire of Dan Skiles, he says. “In terms of a niche market, they can be relatively superior as long as they don’t try to be something that they are not.”
As a representative of a small custodian firm myself named Trade-PMR, Inc., based out of Florida, I feel SSG has every right to grow and be the custodian they want to be. Of course, it probably doesn’t help that SSG’s clearing firm, Pershing, LLC., also operates their own competiting Custodian firm headed by Mark named Pershing Advisor Solutions. To have a clearing firm also be your own competitor must make for an interesting twist on things.
Tom Berghage
I am looking for a custodian for my California registered RIA (NeuWorld Financial). We have a 20 year record with no customer complaints. Can you please send information on your services.
Thomas E. Berghage, CEO
NEUWORLD FINANCIAL
13439 Black Hills Rd.
San Diego, CA 92129
Paul Harris
Advisors seeking a solution may also want to look at using Dynamic Wealth Advisors. They have a great bundled technology platform. Complete back and middle-office solution. 40+ investment models (including DFA) an advisor can use, if they want…at no cost. They work with small advisors and RIA firms, and offer a choice of custodians.
Brian Miller
I haven’t found their service to be all they claim to be. Nice people, but not always the most knowledgable.
