Should custodians invest in RIAs?
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Ian, Andrew and Alex discuss the idea of a custodian taking minority stakes in RIAs. The same idea was discussed, at least at a conceptual level, by Fidelity in 2025, as Citywire exclusively reported. The team digs into the logic of such a move as well as the obvious conflicts it could create.
They also run the rule over two high-profile exits from broker-dealer Osaic, look at Goldman Sachs’ decision to get in the long-short SMA game, and check in on their World Cup predictions.
They also run the rule over two high-profile exits from broker-dealer Osaic, look at Goldman Sachs’ decision to get in the long-short SMA game, and check in on their World Cup predictions.
