A Daily Network publication

custodian

Schwab

In PWD coverage since August 14, 2026 · 11 stories

1Deals 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 →

May 13, 26Deal announcedSchwab Wealth Advisory

PWD coverage

practice

Schwab's branch push turns custodian into competitor

Four quiet pilot branches 'caught fire,' and now Schwab plans 30 Schwab Wealth Advisory offices by 2027—on the same street corners as the 16,000 RIAs whose $5.2 trillion it holds in custody.

Moves · Aug 21Citi taps MSCI's Kokolis to head platform experience

advisor_note · Aug 21Schwab keeps the small accounts. Edward Jones buys in.

practice · Aug 20Edward Jones's $5,000 digital pilot makes the advisor network the product

The Close · Aug 20Fidelity's rate hike turned custody into a financing war

The Close · Aug 18Managed accounts become the private-markets front door

RIA · Aug 17Finny bets a $50 fee on the assets it helps win

Features · Aug 15The $2B Tollbooth and the Fund That Raised Nothing

RIA · Aug 14Vanguard hires Beverly Goodman to court RIAs

Data · Aug 14CFPB poised to let big banks charge billions in data fees

RIA · Aug 14Altruist margin lending targets Schwab, Fidelity long-short SMA bottleneck