SCHW · News · 20261019N
RIA Custody Competition
SCHWAB CHARLES CORP · 2026-10-19 · Importance 34 · Surprise 42 · In source text
Two J.P. Morgan advisor teams launched Latigo Peak Partners, a new registered investment adviser, after overseeing a combined $18.6 billion in assets. The teams generated approximately $130 million in revenue and cited technology and bureaucracy concerns at their former firm. Latigo Peak will use Charles Schwab & Co. and BNY’s Pershing Advisor Solutions for custody and lending, and plans to recruit additional producers, creating a material opportunity and competitive signal for Schwab’s advisor custody business.
Key facts
- Two high-producing J.P. Morgan advisors' teams launching Latigo Peak Partners will use Charles Schwab & Co. for custody and lending. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | contingent | — | Two high-producing J.P. Morgan advisors' teams launching Latigo Peak Partners will use Charles Schwab & Co. for custody and lending. |
| revenue | positive | contingent | — | Two high-producing J.P. Morgan advisors' teams launching Latigo Peak Partners will use Charles Schwab & Co. for custody and lending. |