A Daily Network publication

custodian

Charles Schwab

In PWD coverage since August 16, 2026 · 16+ stories

2Deals on our tracker

-1Talent net · 12 months2 in · 3 out

Talent flow · 12 monthsOn the wire →

Net -1 · 2 arrivals · 3 departures

Arrivals

Aug 21 · from Schwab

Aug 21 · from Schwab

Departures

Aug 14 · to Raymond James

Michelle Sovcik

Aug 14 · to Hightower

Aug 14 · to Raymond James

Deal recordFull tracker →

Aug 16, 26Deal announcedZeplyn — coverage

Jul 20, 26Deal closedForge Global

PWD coverage

advisor_note

The custody account is becoming the customer relationship

Schwab's branch push, crypto boundary, and referral floor show why RIAs must reprice their custody risk.

portfolio · Aug 21Schwab's crypto line forces advisors to pick a side

portfolio · Aug 21Box Spreads Turn Borrowing Into an Options Trade

M&A · Aug 20Stevens Capital nears $1B after acquiring Dallas CPA practice

RIA · Aug 20Trust outranks fees in wealth-manager choice, TransUnion finds

practice · Aug 20Schwab's $5 million referral floor reshapes RIA client growth

practice · Aug 19Schwab ends sub-$5-million RIA referrals starting in 2027

RIA · Aug 19Schwab ends sub-$5 million referrals to RIAs in 2027

book · Aug 19Schwab and Fidelity tighten the door on the $150 billion tax trade

practice · Aug 19Schwab's fraud guide hands clients a response checklist

RIA · Aug 19Schwab CEO credits Fidelity retreat for record RIA inflows

move · Aug 18Cetera's fifth channel puts every independence option under one roof

advisers · Aug 18SEI brings Zocks AI to its $2.1 trillion adviser network

RIA · Aug 18Schwab and Morgan Stanley push managed accounts into awkward territory

Data · Aug 17Raymond James presses a two-front talent war, from advisors to custody

Data · Aug 1659 moves, one new office