Articles tagged "Mike Alfred"
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Tim Buckley hazards Gen X, Y, Z blowback and catches Vanguard investors off-guard with last-second, anti-Fidelity policy to actively 'steer assets' away from Bitcoin
The Vanguard CEO stripped all third-party Bitcoin funds from its market, even though many young investors see them as table stakes portfolio spice.
January 17, 2024 at 4:56 AM
Mike and Ryan Alfred -- and their celebrity RIA investors -- sell Digital Assets Data to NYDIG, after market failed to develop for their Bitcoin data mining firm
NYDIG cashed out Marty Bicknell, Ric Edelman, Josh Brown and others who provided $9 million in initial backing for the Alfred's firm.
January 26, 2021 at 3:17 AM
Mike Alfred scores headhunt coup by hiring brother, Ryan -- and, oh yeah, he raised $6 million
The co-founder and CEO of Digital Assets Data not only got his ace sibling but co-founder Kurt Fenstermacher, ex-Bridgewater, took over as COO changing the trajectory of the startup
April 30, 2019 at 5:25 PM
After five-year stealth project, Fidelity goes big-time into crypto-asset custody with standalone company
CEO Abby Johnson founds Fidelity Digital Asset Services for enterprise-quality custody and trading, with pledge for more 'investing and experimenting'
October 15, 2018 at 6:45 PM
Fidelity's bet on ultra-compliance with the DOL rule pays off big as 401(k) assets jump stunning $280 billion in 2017
The Boston giant also added staggering 1.6 million plan participants but here comes DOL rule's BICE and the need to come extra clean on all those in-house funds
March 16, 2018 at 5:41 PM
New Moves: HighTower exec defects to a hyper-active-investing 'fiduciary' roll-up, BlackRock alums launch American Century ETF line, Alfred Bros. go crypto, millennials found Bay Area UHNW firm and more...
'New Moves in the Biz' -- winter edition -- charts high-profiles hires to low-profile firms and vice-versa in the greater RIA galaxy
February 26, 2018 at 8:55 PM
Mike Alfred also exits BrightScope to follow brother Ryan into cryptocurrency sphere
With Mark Casady and Josh Brown as backers, the former BrightScope CEO raised a quick $1.5 million over the weekend, partnered with a third Alfred -- Eddie -- and set about casting light on 1,000 cryptocurrencies for hedge funds
January 24, 2018 at 4:13 AM
Fidelity Investments (explicitly) enters 401(k) advice game -- then Financial Engines' shares plummet despite its 'Mutual Fund Store' RIA winning Boeing and Ford accounts
The Boston giant now offers non-discretionary advice to non-recordkeeping customers and Financial Engines cuts its prices, bleeding out Wall Street's belief in the firm
December 6, 2017 at 6:16 PM
How Vanguard lost a $19.4-billion 401(k) account to Fidelity and why it's the exception to the rule -- and isn't
Chevron boots the hyper-fiduciary Malvern, Pa.-based indexing giant in favor of Fidelity after two dismissed lawsuits
November 21, 2017 at 12:53 AM
As Aaron Schumm's 401(k) startup gets $8 million the FolioDynamix founder loves Vestwell's odd juxtaposition to Fidelity
Vestwell attracts second big FMR seed capital tranche by co-opting advisors to go where the Boston 401(k) king is most challenged -- very small plan sponsors
October 13, 2017 at 5:12 PM
Exploding to near $24 billion* of assets under automation, Schwab creates robo-exec slot and fills it with ex-Betterment unit chief
Cynthia Loh puts fresh face on Schwab Intelligent Portfolios and Schwab Intelligent Advisory as Betterment puts out a help wanted sign
October 3, 2017 at 7:58 PM
Randy Bullard pitches himself into major role at SigFig to add his Placemark knowledge to a robo hothouse
The serially successful wrap-program pioneer convinced CEO Mike Sha that he was the right guy to demystify the legacy-robo tech divide to employees -- and close deals
April 26, 2017 at 5:41 PM
After putting big chips on DOL fiduciary rule, Betterment hosts funereal event to mark the April 10 Go Day That Wasn't
CEO Jon Stein sat shoulder to shoulder with CFP Board and Consumer Federation of America guests and held court with CNNMoney, Wall Street Journal and Consumer Reports reporters
April 13, 2017 at 6:50 PM
The 10 takeaways Chip Roame imparted at his Tiburon CEO Summit in NYC and other items I gleaned by gumshoe reporting
From the Battery Ritz common space, disembodied text and email recipients appear in human form
April 6, 2017 at 5:26 PM
Buyer scoops up BrightScope using Genstar capital
The once-brash Alfred brothers sought out Strategic Insight as the DOL rule comes thundering toward their 401(k) herd
