custodian

Charles Schwab

In PWD coverage since September 21, 2026 · 16+ stories

5Deals on our tracker

Deal recordFull tracker →

Sep 23, 26Fund launchMarket Savings · Save — coverage

Sep 21, 26Deal announcedAnthropic · Dynasty Financial Partners · Vanguard Group — coverage

Sep 20, 26Deal announcedAnthropic · Schwab Advisor Services — coverage

Aug 16, 26Deal announcedZeplyn — coverage

Jul 20, 26Deal closedForge Global

PWD coverage

Filings

Merrill Lynch agrees to pay $39 million to settle cash sweep class action

The preliminary settlement, filed late Wednesday, covers Merrill Edge accounts from 2016 to 2020 and adds to a $25 million SEC penalty over advisory account interest.

advisor_note · Oct 3Pontera pitches AI trust layer after OpenAI agents probe SEC sites

Moves · Oct 2SEC records show $8 billion Rise team moved custody from Ameriprise to Schwab

issuers · Oct 2ETF Trends names only two dedicated U.S. buyback ETFs after Nvidia's $150B plan

move · Oct 1Fidelity gives sub-$100 million RIAs until June 2027 to grow or move custody

Features · Sep 30BNY Pershing retires Wove, folds it into wealth unit as Fitch lists cash-rate winners

Moves · Sep 29Citi hires JPMorgan's trusts and estates head Adam Clark to lead wealth planning

practice · Sep 28Betterment Advisor Solutions sets custody platform fees at 0.20% under $10 million

Data · Sep 28Broadridge and LPL fill wealth-platform executive seats as three Schwab executives leave

portfolio · Sep 25Schwab opens its cash shelf to a yield-splitting product

The Close · Sep 23The cash spread is what the selloff repriced

RIA · Sep 23The AI sell-off reprices the cash spread, not the fee

practice · Sep 23The Muse Selloff Prices the Part of Advice an App Can Do

The Close · Sep 22Edelman skipped the Claude launch table, and that is the tell

Moves · Sep 22Mercer buys integration capacity and calls it a platform hire

practice · Sep 21Schwab's Q4 connector is where Claude's advisor pitch gets tested

Charles Schwab

Merrill Lynch agrees to pay $39 million to settle cash sweep class action

The Morning Brief