August 12, 2020
SS&C Boosts Platform Integration with Schwab’s Custodial Platform
Advisors will now be able to send management fees directly and place trades using SS&C’s Black Diamond platform, among other improvements, the company says.
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August 12, 2020
TD Ameritrade Rolls Out Fractional ETF Trading
Customers of the company’s pure play robo, hybrid robo and managed account programs will be able to trade fractional shares of ETFs.
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August 11, 2020
Interactive Brokers Fined $38M Over Failure to Report Suspicious Activities
The firm has settled with the SEC for $11.5 million, with Finra for $15 million and with the Commodity Futures Trading Commission for $11.5 million, according to the SEC.
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August 11, 2020
Former UBS, Blackrock Execs to Connect Wealth Mgmt, Asset Mgmt, Tech Firms
They seek to pair their knowledge gleaned as investors in financial technology with their collective strategy, funding and execution experience in the wealth management and asset management industries.
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August 10, 2020
Watch Out for ‘Nefarious' Ways Criminals Can Operate: Consultant
Transcript Video [ 3:20 ]
Amy Lynch, president and founder of FrontLine Compliance, says key safeguarding concerns include data theft, identity theft and money laundering issues.
Transcript Video [ 3:20 ]
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August 10, 2020
Interactive Brokers Fined $38M Over Failure to Report Suspicious Activities
The firm has agreed to settle with the SEC for $11.5 million, with Finra for $15 million and with the Commodity Futures Trading Commission for $11.5 million.
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August 7, 2020
Wells Fargo to Keep 200K Employees Working Remotely Until October 1
A spokesperson for the firm also tells Bloomberg that the company doesn’t know when it will return to its traditional operating model.
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August 7, 2020
Compliance Hazards Loom as Use of Videoconferencing Tools Proliferate
Advisory firms must find a balance between tools clients want to use and those that meet compliance requirements, consultants say.
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August 7, 2020
Schwab to Integrate TD’s Trading Platforms as Part of Acquisition
Schwab says it will integrate TD Ameritrade’s thinkorswim and thinkpipes platforms into its own platforms.
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August 7, 2020
Envestnet Yodlee to Offer ‘Hyper-Personalization’ for Client Segmentation
A new suite of tools is aimed at helping advisors better engage with their clients through actionable insights, the company says.
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