To combat Altruist, Schwab should buy Advyzon

from blog Alex W.'s Blog, | ↗ original
Summary Altruist’s1 bundled custodian + platform software model presents an existential threat to Schwab & Fidelity’s ~$5T AUM hold on the independent RIA market. Altruist is making a classic disruption play, and, as of April 2023, they’re on the brink of stage 4 of the Disruptive Innovation process. Schwab & Fidelity need to address their...