As trading commissions can fall no further, analysts see consolidation on the horizon for the discount brokers and RIA custodians. Will TD Ameritrade buy E*Trade? Who will buy TD Ameritrade?
Amid a flurry of activity at XYPN, Michael Kitces explains how Schwab's own moves in turn boosted AdvicePay and why AI is (mostly) useless for advisors.
A new survey from Charles Schwab Investment Management also found that advisors' other most common biases were likely to be loss aversion or overconfidence.