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Articles tagged "Randy Long"


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Cecile Munoz: The question everyone is asking is where is the EBITDA growth?

Seven 'RIA' chief executives are stepping aside for CEO 'operators' as PE backers get 'trigger' happy in adverse market; here are their stories

Whether it's Edelman Financial Engines, SMArtX, Allworth or InvestCloud, the re-CEO-ing process follows a fat 2020 capital raise and thinner results in stormy financial markets.

September 7, 2023 at 9:46 PM

Randy Long: I will be able to fully focus on strategy setting.

Amid 401(k) headwinds and assets stalled at $170 billion, Randy Long offloads CEO duties 'to fully focus on strategy' -- new blueprint and business model needed, experts say

In the wake of the '90s-era 401(k) bonanza, new CEO John Longley is tapped to devise a 40-year plan to counter boomers, who are rolling over and spending down 401(k) balances.

September 7, 2023 at 2:18 AM

Nicholas Schorsch's purchase and disgorgement of Cetera was a PR 'dumpster fire' that may not have been fully extinguished.

What to make of Cetera's prolonged CEO murkiness and how the Nicholas Schorsch 'dumpster fire' of bad PR relates to it

RIABiz sources for Friday article stand by contention that Larry Roth will make way for Robert Moore at CEO -- precipitating de facto gag order on 9,000 IBD reps

August 31, 2016 at 10:23 PM

Randy Long: I think Schwab's only real interest in the 401(k) space is to capture rollovers.

As Schwab edges closer to letting RIAs in as 401(k) middlemen, leaked details suggest to some that the firm still marginalizes the advisor

Though RIAs technically gain a seat at the Schwab index 401(k) table, they still don't have much say about how assets get invested

October 8, 2015 at 11:21 PM

Marcia Wagner: I don't want obnoxious crap like that in my contract.

Why exactly DOL's latest action is so shocking to so many brokers -- and even ERISA lawyers -- despite years of warnings

Brokers managing IRA assets never imagined they'd need to make a written promise to do right by investors

April 20, 2015 at 5:42 PM

David Stofer: At SageView I had to sell and service clients....I want to be a consultant.

How Mariner Holdings is angling to become a $3-billion 401(k) company overnight by co-opting a local SageView office

The $40-billion RIA/asset manager plans to combine $2 billion from Randy Long's RIA to $1 billion of existing 401(k) assets

October 21, 2014 at 11:39 PM

J. Fielding Miller: We were talking a big game, and he wanted to see results.
September 16, 2014 at 2:48 AM

Bob Reynolds: We think that two plus two equals six. We want to be the best in this space.

Fidelity's old 401(k) mastermind, Bob Reynolds, gets a merger, a promotion and a stronger hand to compete with his old employer

With Great West and Putnam joining 401(k) units, there may be a dividend of critical mass and synergy

March 27, 2014 at 3:24 AM

Fred Reish: It doesn't look good.

How the future of the 401(k) industry may hinge on the outcome of a lawsuit brought by Fidelity employees against their own company

The legal case is built on a Fidelity-only funds menu but the Boston 401(k) king intends to show these participating employees got a sweet, fair deal that went beyond DOL mandates

October 17, 2013 at 6:12 AM

Ian Ayres has stirred up a serious hornet's nest from New Haven.

401(k) industry flummoxed over Yale professor's 6,000 'threatening' letters to plan sponsors

The eclectic academic says he'll go public targeting alleged 'high-cost plans' as sponsors flood phone lines of advisors and recordkeepers and Brightscope is drawn into the fray

July 18, 2013 at 5:01 PM

Dorann Cafaro: We should be worried.

Big chill: Worried RIAs and other 401(k) leaders gather in Chicago in hopes of saving the goose

It's no sacred cow like Social Security and the industry image is laboring because saving rates, returns, hidden fees and enrollment levels are none too great

October 23, 2012 at 3:33 AM

Randy Long: We've talked to them. I've decided I'd just rather go after their clients rather than their advisors.

How a $12 billion RIA grew to $20 billion in less than a year by raiding 401(k) accounts from legacy players

Randy Long boasted that he'd pick off the big boys' clients and came through with the help of a crack team of 12 young turks

September 26, 2012 at 3:48 AM

Jason Roberts: The broker wants to make sure the advisor isn't taking the clients to lunch.

Why brokers from Nationwide, LPL, Merrill Lynch and others are giving RIAs a cut of their 401(k) action

RIAs and brokers alike are wary of the fox-in-hen-house effect but DOL is creating strange bedfellows

May 29, 2012 at 3:46 PM

Terrence Morgan: It wouldn't surprise me if people are stalling and hoping that Phyllis Borzi is fired.

Report of a possible delay in DOL's fee disclosure rule sparks apprehension among advisors and industry observers

Advisors say they can't comply with the rule until they know what's in it but one delay could lead to another

January 5, 2012 at 3:57 PM

Mike DiCenso: If there are no funds to be recovered from the fiduciary should something go wrong then there is no risk mitigation and protection.

Do 401(k) assets require all fiduciary care all the time?

Steve Winks and Mike DiCenso engage a in a back and forth with big ramifications

November 18, 2011 at 4:11 PM

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