Articles published 9/2015
Headline
Publish date
Schwab alerts its RIAs that it will liquidate client money market holdings by Dec. 1
The San Francisco-based broker is shipping all cash in sub-$500K accounts to its bank
September 30, 2015 at 8:35 PM
Philip Palaveev and Bob Oros create Hunger Games-style RIA high jinks for Fidelity execs, then release it for wide consumption
The reality TV-Harvard Business School hybrid throws simulated market crashes, personal tragedies and M&A what-ifs at green FAs to test their mettle and groom them for succession
September 29, 2015 at 10:31 PM
A palpable camaraderie accrues in Boston as FPA provides support group for lonely CFPs and the atomized niche firms that serve them
There were RIAs and IBDs galore -- but no wirehouse reps -- on hand for a much-anticipated robo slug-out between Kitces and Sokolin
September 29, 2015 at 8:27 PM
Relying on men but 'losing sleep' Sallie Krawcheck seeks to robo-reap women investors with Ellevest
Industry luminaries Joe Mansueto, Mohamed El-Erian, Ajay Banga and Robert Druskin -- never mind co-founder Charlie Kroll -- make up a stellar roster of male executives backing this play for women's wealth
September 28, 2015 at 10:46 PM
Amid papal euphoria, a bullish ETF event at NYC's Conrad Hotel where pros plot the next few trillion of assets
Tom Lydon's fundfest had everything from Deb Fuhr's dry intellectualism to Josh Brown's New Yok F-Bombs, with all the Powershares, BlackRock iShares, State Street power players represented
September 26, 2015 at 7:42 PM
10 years after Eliot Spitzer, Vanguard Group changes back its frequent trading policy
The 60-day rule hurt investors more than helped, the Malvern, Pa. firm's exhaustive studies concluded
September 25, 2015 at 8:05 PM
This time Envestnet plays most cards face up as analysts press again for cogent Yodlee deal rationalization
Jud Bergman supposes, though not until 2020, that the merger will yield an extra $200 million in revenues
September 24, 2015 at 11:44 PM
How Facebook's unfriendly new privacy strictures are edging RIAs into the social media monster's business-page boonies
Third-party data culling and archiving firms like Hearsay and Smarsh are scrambling for workarounds as the data spigot runs dry and new compliance challenges loom
September 24, 2015 at 6:10 PM
The wild ride that Goldman Sachs took to launch its first ETF -- one that even an RIA could love?
Three years of leaking assets in $1 trillion Goldman Sachs Asset Management pushed Lloyd Blankfein to treat the unit like a deal leading to acquisitions, hires and an exchange traded fund strategy
September 23, 2015 at 7:42 PM
The peculiar sentencing scenario involving Andrew Parish, AdvisorHUB, lenient prosecutors and an atypically forgiving IRS
The slashing blogger will continue the legal fight, he says, but for now incarceration seems inevitable
September 23, 2015 at 5:20 PM
After pocketing $5.2 million in 2014 comp as Ally Bank CEO, Barbara Yastine joins Lebenthal as Frank Campanale exits
Alexandra Lebenthal takes the co-CEO role of the wealth manager and she intends to woo more female advisors
September 21, 2015 at 10:01 PM
Why a $1 billion-plus RIA attended Dan Seivert's two-day M&A conference despite having no intention of buying or selling
Scott Hanson came away deeply impressed by how deals could accelerate the RIA business's bid to comparability with other professions
September 21, 2015 at 6:51 PM
Why legal experts expect radio personality and registered rep Dawn Bennett to be barred from the industry for what started as an exaggeration of AUM
In the great tradition of legal quagmires, the cover-up seems as much the issue as the original broadcasted misdeed
September 18, 2015 at 7:55 PM
Strung out on Red Bull, and stung by a red-faced landlord, 70 tech nerds and Russian-style judges, Eric Clarke pushes RIA app coders to new limits in Utah suburb
No panels, no PowerPoint no breakout sessions -- just tech whizzes from competing firms striving to integrate their systems to better serve financial advisors
September 18, 2015 at 6:16 PM
Anything but passive, Vanguard Group chides Yellen for mistaking market static for market signals in leaving rates alone
Roger Aliaga-Diaz is concerned that the Federal Reserve itself stoked market volatility then cited it as a reason to stand pat
September 17, 2015 at 11:27 PM
Report: 'Brother-in-law' dabblers are giving 401(k) ground slowly to specialists in $1.3 trillion market
Some RIAs disagree with Cerulli's pessimism and say DOL is having its effect with small employers seeking real experts to provide 401(k)s to employees
September 17, 2015 at 6:36 PM
Scrutinizing -- and celebrating -- Schwab's plan to build 150 branches, at $1 million per throw, and people them with thousands of home-grown advisor talents
The renaissance involves minting advisors as Schwab's retail chief Teri Kallsen offers up a bold vision of bigger, better branches
September 16, 2015 at 6:49 PM
Almost lost in the robo shuffle, Personal Capital, in its 'special category,' is winning as told by an overlooked metric: revenues
Silicon Valley pioneer Bill Harris is struggling to goose the faltering free-to-premium conversion rate while keeping a weather eye on the big guys barging onto the field
September 15, 2015 at 6:11 PM
How David Steele opened six restaurants in the toughest foodie market in the US and then found the nerve to leave JP Morgan
The Bear Stearns veteran deliberately chose Uber-, Twitter- and Dolby-adjacent offices in a trendy San Fran neighborhood
September 14, 2015 at 6:01 PM
Betterment jumps headlong into the 401(k) business spurred by a conviction that even Vanguard Group is unfriendly to investors in this arena
The New York robo-advisor is going full stack, competing with Fidelity Investments on everything from recordkeeping to financial advice
September 11, 2015 at 2:22 PM
A long-form explanation of why -- Wall Street be damned -- Envestnet's purchase of Yodlee might make sense
Nothing will deter the Chicago outsourcer from a future infused with data, according to Envestnet strategy chief Lincoln Ross, who'll shoulder the credit or take the blame for the deal's outcome
September 10, 2015 at 7:59 PM
The inner orchestration of Dynasty, Addepar and Pershing/BNY Mellon it took to harmonize a $1.4 billion Merrill Lynch family office team
Vendors are finding ways to put UHNW corner family offices on conveyor belts in the service of RIA prosperity
September 9, 2015 at 8:21 PM
After winning a $1-billion RIA, Raymond James fills a void by hiring a true-blue elite RIA executive
The St. Petersburg, Fla.-based maestro of advice channels is hiring an RIA custody virtuoso with Schwab and Fidelity training
September 4, 2015 at 6:46 PM
Edmond Walters bolts from eMoney and Fidelity Investments scrambles to manage the jilt
Six months after the $250-million deal, the entrepreneur leaves with no public explanation and Mike Durbin takes his CEO spot for now
September 3, 2015 at 7:44 PM
Why BlackRock's purchase of FutureAdvisor for $152 million could be a deal of destiny
FutureAdvisor will nestle into BlackRock's risk management unit armed with iShares while Wealthfront and Schwab favor Vanguard ETFs
September 2, 2015 at 7:52 PM
Citing 'Moss Adams' vision, MarketCounsel makes 17th hire in nine months
Quarterbacking the mass assemblage, David M. Mrazik, former general counsel at the New York-based roll-up, becomes managing partner
September 2, 2015 at 6:04 PM
Quovo rakes in $4.75 million from VC backers and a triumvirate of angel RIAs: Carson, Bicknell and Lockshin
The mini-Yodlee is ready to play the feisty startup role in the RIA account aggregation market
