Articles published 4/2018
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Publish date
Ric Edelman's RIA empire to merge with legacy The Mutual Fund Stores in $3-billion deal that takes Financial Engines private
Hellman & Friedman stake the eye-popping sum in cash to outright own an RIA with nearly $195 billion of AUM including robo-advised 401(k) assets
April 30, 2018 at 11:57 PM
Vanguard's 401(k) recordkeeper, Ascensus, gets set to roll up a world of third party administrators to create a small plan superpower
With recent Great-West poach and David Musto running the show the Dresher, Pa.-based TPA adds 14 firms in 16 months and sets sights on dozens more, as roll-up strategy takes flight
April 27, 2018 at 5:46 PM
A higher bidder ripped WealthTouch from Craig Pearson's grasp but his startup could rip the clients, free of charge, right back -- and leave Addepar gasping
After his noncompete expired, the founder and CEO of Private Wealth Systems is welcoming old UHNW managers whose language he speaks
April 25, 2018 at 6:27 PM
In robo-CEO vs. Twitter gadfly battle, it was no contest as Wealthfront's Andy Rachleff does 'ultimate flip-flop' without tweeting a reply
The $10-billion robo-advisor may weather 'PR nightmare' but not thanks to Rachleff's 'Vanguard' explanation, critics say
April 25, 2018 at 12:03 AM
April 23, 2018 at 12:50 PM
As Thomas H. Lee Partners asserts itself, Dave Pottruck steps down as chairman of HighTower's board of directors
The early investor and ex-Schwab CEO is giving ground to the new ownership
April 20, 2018 at 7:01 PM
After losing Lee Kranefuss and raising $10M, 55ip gets RIAs to buy Ph.D. smarts, though a critic calls it gussied-up market timing
Guided by an ex-Financial Engines ringer, Paul Gamble, the New York startup is now portfolio modeler for $100 million
April 19, 2018 at 10:38 PM
Capital One flunks 'RIA' bid with stunning rapidity but gets an A for 'failing fast'
The McClean, Va.-based credit card company bought advisory firms, put a head-hunted Wells Fargo big shot in charge, hit the $10-billion mark -- then got the hell out
April 18, 2018 at 8:56 PM
April 17, 2018 at 7:53 PM
HighTower Advisors lands $4.5-billion RIA with help from bigger, better checkbook
The Chicago RIA roll-up adds 45-employee Salient with T.H. Lee omnipresent in shepherding the UHNW deal
April 17, 2018 at 3:25 PM
Five fully pregnant email subject lines and how they make investors open your RIA newsletter
A standout attn: line is a must to get clicks and reads yet often gets treated as optional
April 16, 2018 at 7:10 PM
Advizr CEO reveals just how the lift-out of four Morgan Stanley breakaway engineers leapfrogs his plans ahead
Hussain Zaidi sees greenfields opportunities at small IBDs and Fortune 500 firms where planning software alone doesn't make the grade
April 13, 2018 at 7:48 PM
LPL Financial wages 'war' on Cetera, Securities America and Kestra after they pounced on NPH advisors in wake of sale
Unheard-of packages, tight targeting and unusual timing rock recruiters who marvel at the competitive behavior that has Bill Morrissey escalating an epic battle
April 12, 2018 at 6:39 PM
Orion buys $10-billion TAMP to take on Envestnet and AssetMark head-on for mega-accounts
Omaha, Neb.-based NorthStar division is buying FTJ Fundchoice to launch Orion Enterprise after painful losses in bidding for business with large RIAs and IBDs
April 11, 2018 at 2:03 PM
Jeff Maurer poached his RIA from zero to $7.5 billion in nine years but now comes M&A
The ex-US Trust CEO has seen Evercore Wealth growth rates taper since a lightning start; now the hard work is done he sees deals on the horizon
April 10, 2018 at 5:34 PM
April 9, 2018 at 5:50 PM
What Tom Bradley's first post-TD Ameritrade gig says about him is interesting and his specific MaxMyInterest robo mission, more so
The non-competed New Jersey exec gets a piece of the action and much boils down to signing a wirehouse, an RIA custodian or an LPL
April 9, 2018 at 5:32 PM
Judge shows Howard Present no mercy then verbally shreds him after the F-Squared founder 'fails to understand the wrongfulness of having misrepresented the strategy'
U.S. District Judge Sorokin wants the public record to show -- in no uncertain terms -- that ex-CEO is a high risk to commit further violations
April 5, 2018 at 11:22 PM
April 5, 2018 at 8:55 PM
April 5, 2018 at 8:48 PM
Matt Abar hopes three's a charm with FinFolio cloud launch and robo play
FinFolio finally goes 2.0 and gets $20-billion assets bump, but there's a lot of ground to make up
April 5, 2018 at 12:08 AM
Merrill Edge eases Bank of America's transition to a post-wirehouse world
The Charlotte super bank's plan to add 600 branches builds on success but recruiters say lingering tension between Merrill and Merrill Edge advisors is more of a factor than the bank admits
April 3, 2018 at 8:32 PM
Returning to Fidelity after eight-year hiatus, Rupal Poltack joins $134B Fido family office division to make it UHNW kid-friendly
The senior vice president will help newly promoted Andrew Fay make the unit more paperless, more digital and more a more-likely spot for rich earners and their millennial offspring to chat about money
April 3, 2018 at 5:43 PM
Morgan Stanley mega-producer's fate in Oregon may become #MeToo movement litmus test on Wall Street after New York Times report
The charges against Douglas Greenberg of egregious and unlawful behavior aren't compliance- or even MS-employee related, making them 'gray area' infractions, says a source
