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EMAIL DIGESTS
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Every morning
Weekly
Tuesday recap
Registered Investment Advisors (RIAs) are rapidly integrating artificial intelligence, leveraging modern data stacks to outpace traditional wirehouses in speed and breadth of deployment. Wirehouses, which manage roughly $6.5 trillion across 15,000 brokers, still benefit from centralized technology hubs but are hampered by legacy systems. Cerulli research shows 70% of billion‑dollar RIAs use AI for note‑taking, 25% for CRM tasks, and half plan AI‑driven onboarding. Morgan Stanley executives argue scale offers an AI edge, yet the RIA momentum suggests the balance of power may be shifting.
The U.S. Department of Labor has issued a proposed rule creating six “safe harbors” that would shield 401(k) fiduciaries who add alternative assets such as private equity, real estate, commodities, and digital assets to retirement plans. The framework aims to...
Charles Schwab Corp. disclosed that CEO Rick Wurster’s 2025 compensation jumped 49% to $18.76 million, driven largely by a surge in assets under management from registered‑investment advisers. The firm added $519 billion in net‑new assets, with the RIA custody unit contributing $285 billion....
Cetera Financial Group announced that CEO Mike Durbin has appointed former Fidelity and eMoney executive Ed O’Brien as the firm’s chief operating officer, effectively making him the No. 2 leader. The hire is aimed at shaping Cetera’s newly created “RIA &...
