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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” compared to other popular portfolio management and accounting products for independent RIAs such as Black Diamond, Orion and Tamarac, according to Joel Bruckenstein in his blog.


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2018-08-31T09:02:10+00:00