Schwab backpedals on PortfolioConnect multi-custodial feature


Despite years of assurances of a multi-custodial platform as a part of the next generation PortfolioConnect launch, Schwab backpedals on the multi-custodial capability. Andrew Salesky, Senior Vice President, Digital Advisor Solutions sought to manage expectations about the upcoming release of PortfolioConnect when he suggested that it would be “a streamlined platform” [...]