Articles published 1/2019
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J.P. Morgan may launch first zero-fee ETF as 2019 marks critical passive- and ETF-investing thresholds
The New York patriarch has an ETF registered with no-fee markings at a time when passive is set to surpass active and a mere $7 billion of revenue across 100 ETFs and iShares getting $2.9 billion of it
January 31, 2019 at 9:55 PM
Wells Fargo finally gives its 600 hiring managers an RIA channel to sell but still with the Trade-PMR brand
The San Francisco bank will have an 'offensive mindset' but fully outsource to the Florida custodian, which in turn hires Wells Fargo's clearing division
January 30, 2019 at 4:19 AM
State Farm is (almost) 'there' as it moves 15,000 SEP accounts to Ascensus, affirming RIABiz report a very MoneyGuidePro-wielding RIA is on the way this year
Assured by client feedback, giant insurer keeps edging into the fiduciary field but its agents will maintain licenses to sell and sell, too
January 29, 2019 at 7:38 PM
Edelman and Carson mark end of era as 'last holdouts' to dump FINRA, but are they jumping from frying pan into fire of SEC scrutiny?
Ron Carson and Ric Edelman ditch FINRA licenses, but both leave door open to commissions and Carson sees a recruitment lure
January 26, 2019 at 8:40 PM
Funded to the teeth by RIAs, Michael Kitces and Alan Moore now have a second big play--modernizing plan payments--and broker-dealers are beating down the door
AdvicePay replaces paper checks and 60-day waits with ACH and credit card transactions for financial plans -- a concept validated by hundreds of their own XYPN advisors signing up
January 25, 2019 at 4:01 AM
Raymond James bids to be the Goldman Sachs of RIA M&A through acquistion Silver Lane -- and it might just work
The St. Petersburg, Fla. investment bank provides the next chapter in Liz Nesvold's 'storybook journey' as Manhattan matchmaker extraordinaire overnight
January 24, 2019 at 8:08 AM
As E*Trade begins the process of handing out its fattest accounts to RIAs, giant firms may ace out smaller competitors by shear dint of size
The New York online broker's accounts sprawl nationally so Mercer and Edelman/Financial Engines's turnkey national footprints yield a haul
January 22, 2019 at 10:26 PM
Robertson Stephens 3.0 gets going--amid scathing skepticism--but new CEO Stuart Katz means for three to be the charm for storied brand's reinvention as wealth manager
One of Silicon Valley's 'Four Horsemen' of Tech IPOs has another Goldman Sachs alum rolling the dice who is ready to say he can reinvent wealth management for the ultra-wealthy
January 18, 2019 at 7:45 PM
Mission accomplished, Jack Bogle dies at 89 and it's still way too soon, but his legacy looms larger than ever
Poetically born in 1929, and tragically afflicted by the Great Depression, the Vanguard founder's message, mission, impact and spirit never got old
January 16, 2019 at 11:33 PM
Peter Mallouk's Creative Planning launches national TV advertising to challenge wirehouses but will it work?
The $36-billion Kansas RIA will make his point with tailors, docs and waiters who have Wall Street attitudes but one expert counsels caution
January 16, 2019 at 4:24 PM
Tiger Global, a Wealthfront owner, also is now backing to the hilt a 401(k) robo, staffed by Wealthfront alums; Synergy anyone?
Guideline has raised $59 million and hopes to cut off the other 401(k) robos by avoiding an AUM model
January 14, 2019 at 4:43 PM
Jud Bergman remakes Envestnet into two units and Bill Crager and Stuart DePina will head them as Anil Arora exits
Anora came three years ago in Yodlee deal and DePina came seven years ago with Tamarac purchase; Crager now oversees all advisors, including RIAs
January 10, 2019 at 11:11 PM
As Independent Financial Partners readies its $41-billion LPL breakaway, a third CEO goes for the jugular
Tension boils between Robert Russo and Bill Hamm, CEOs, respectively, of the Independent Advisor Alliance and Independent Financial Partners, as Hamm prepares to fly solo
January 10, 2019 at 8:13 PM
Plaid, valued at $2.65 billion, makes $200-million snack of Quovo -- albeit defensively -- and creates Yodlee super-foe
The San Francisco-based Mary Meeker darling buys New York City competitor that maintains a wealth management edge as the lines blur between the categories
January 9, 2019 at 10:00 PM
Bob Oros starts his CEO life at HighTower Advisors with a town hall meeting and clear authority
The former Fidelity RIA chief now runs his formerly largest RIA client, from Chicago, and with Elliot Weissbluth as chairman, 'inorganic' asset and 'evangelist'
January 8, 2019 at 3:09 AM
Lovell Minnick sinks more capital into TurboTaxifying the RIA compliance market, with roll-up of NCS; but Brian Hamburger and other free-standers see no threat
Like Aquiline with RIA-in-a-Box, the private equity firm says scale and software are key to comply with SEC dictates in the future, but MarketCounsel and Cipperman are betting this ain't like retail tax returns.
January 5, 2019 at 2:07 AM
Voids were exposed in the RIA business in 2018; who or what could fill them in 2019
Yes, the RIA industry's 30,000 firms desperately need a leader, a unifying force, a more certain identity and the faith to collaborate selflessly, but for now, the RIA Invisible Hand still comes up aces
