Citywire This Week in Wealth

Schwab takes its ball back (again)

Loading player...
For the second time in a year, Charles Schwab is more than doubling the AUM threshold at which it will refer brokerage clients to RIAs in its lucrative Schwab Advisor Network. Ian Wenik and Alex Steger are joined by a scoop of reporters to unpack one of the biggest wealth management stories of the year.

The team also dives back into Citywire's 2026 50 Growers report to explore some of the smaller firms to make the list, as well as those powering ahead without the help of outside capital.
21 Aug English United States Investing

Other recent episodes

Envestnet makes a $750m bet; is Claude a friend or threat?

Envestnet paid $750m to buy rival portfolio management software company Vestmark and is partially funding the deal by syndicating a new $625m term loan. These details and more came from investor materials viewed by Citywire. This Week in Wealth breaks down the numbers and looks at what the deal might…
13 Nov 25 min

RIAs can't stop suing each other

Another week, another temporary restraining order against an advisor leaving one RIA to join another. The type of recruitment suits that were once the preserve of wirehouses has become a frequent occurrence between independent firms, with the latest involving Wealth Enhancement and RFG Advisory. This Week in Wealth delves into…
6 Nov 24 min

Breakaway business is booming

In an episode recorded on the conference floor at Schwab Impact, Dynasty Financial Partners CEO Shirl Penney joins This Week in Wealth to discuss the state of the RIA custody market, where the next big breakaways are coming from, and what will separate winning and losing firms in an era…
30 Oct 31 min

Schwab takes its cut, Beacon Pointe powers up

Ahead of next week’s Impact conference, This Week in Wealth runs the rule over Charles Schwab, which has had a busy seven days. In that span, it has started charging ETFs distribution fees and reported 55% growth in its own wealth management business, while still cementing its position as the…
23 Oct 29 min

A rare look at Mercer's referrals, revenues and margins

Roughly 50% of Mercer Global Advisors’ net new client assets in the first two quarters of 2026 came from Charles Schwab’s and Fidelity’s custodial referral networks, according to investor materials viewed by Citywire. This Week in Wealth discusses how this statistic tallies with a previous claim by the firm’s CEO…
16 Oct 22 min
All episodes