After a wait, Schwab has a program for alternative assets
The giant custodian will hold many of the assets itself
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March 11, 2020 at 7:58 AM
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
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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
Pershing restores Ben Harrison as sole heir to Mark Tibergien -- for now -- but solo tenure may be temporary, with other top talent in the wings
Co-Head Maura Creekmore's departure leaves Harrison at the top by default, but the company is mum on future hiring and how much RIA autonomy gets sacrificed in name of 'convergence.'
January 19, 2023 at 3:31 AM
See more related moves
TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Carol Schiller
A couple years ago we had to remove our alternative investments from our Schwab accounts. I moved them to a different custodian, Millennium Trust. I am looking for a new custodian. Am I understanding correctly that Schwab can not hold Alternative Investments? If so, can you provide me a fee schedule?
Brooke Southall
Carol,
I forwarded your question to Schwab.
Brooke
