Clint Walkner News Today

The FTC's non-compete ban probably won't overturn the RIA space, but could impact advisors at wirehouses and banks, according to some.

More than 7,000 advisor firms, 3.6 million client accounts and $1.3 trillion in assets were moved overall.

Many who custody with one or both have seen no major hiccups so far, while some smaller, TD-only firms expressed confusion and frustration.

Advisors say single-stock ETFs are more appropriate for short-term institutional traders who understand the inherent risks, not for retail clients.