Sequoia Sentinel represents about 55% of the firm’s assets and serves clients with a minimum of $20 million.

Effective later this year, FCASH will be the only sweep account option for all new, non-retirement brokerage accounts opened by custody clients.

The deal is the latest example of Choreo partnering with a CPA firm that owns an RIA.  

The Labor Department unveiled its latest version of a fiduciary rule on Tuesday, with supporters arguing the proposal largely fell in line with their hopes. Industry groups warn of its negative impact on advisors and clients.

The nation's largest custodian by AUM has cut more employees after concluding TD merger.

The deal adds over 350 retirement plans and about $13 billion in assets to Creative Planning’s existing retirement plan services team.