Moves
Fidelity's $100M RIA custody minimum lands amid long-short SMA curbs
Smaller RIAs using AQR's popular long-short strategies bring custodians more risk and less revenue, one RIA founder tells InvestmentNews
Summary as published by InvestmentNews
More on Fidelity
Fidelity hub →RIABiz · Oct 5, 10:44 PM ET
Schwab's Jon Beatty is one custody head offering a port in the storm after Fidelity unmoors its sub-$100M RIAs and Altruist's Jason Wenk , Apex's Bill Capuzzi and TradePMR's R. Scott Victoria are among othersRIABiz · Oct 2, 12:35 PM ET
Fidelity's move to kick sub-$100-million RIAs off its platform is 'bizarre,' Kitces says; it’s likely to backfire, Chalekian says; yet, the Fidelity-Savvy deal last week may soften any blowFinancial Planning · Oct 1, 6:09 PM ET
Fidelity says it will end custody relationships with RIAs under $100MRIABiz · Oct 1, 5:37 PM ET
Pontera 'reframes' itself from 401(k) workaround agent to trusted gatekeeper of AI agents -- possibly solving impasse with Fidelity -- as Schwab unleashes 'Charley,' its new AI agent 'foundation' for millions of clients
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