Articles published 8/2011
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Publish date
Rough markets cull the advisory herd but in a healthy way, new Cerulli data shows
August 31, 2011 at 2:27 PMRIAs grow in numbers and strength
The Carlyle Group gets a bigger testing paw into RIA waters
August 30, 2011 at 3:39 PMThe giant private equity firm is putting capital toward an aggressive expansion of the $4 billion Avalon Advisors
How McLean Asset Management is adding practices without making acquisitions
August 29, 2011 at 2:20 AMThe New Hampshire and Virginia practice is bringing smaller RIAs in under its wing
Four news items for RIAs
August 26, 2011 at 5:13 AMBanks buy RIAs again; UHNW go nuts for iPads; the CFP Board gets much tougher; a big IBD gets a new president
Should RIAs buy gold now as a hedge?
August 26, 2011 at 5:08 AMWhen the US went off the gold standard in 1971, things changed
Schwab's rapid response to letter snafu seems to be smoothing ruffled feathers
August 25, 2011 at 5:35 AMThe custodian garnered praise for its straightforward apology, but does the blunder point up a larger conflict of interest?
Fiduciary leaders splinter into two advocacy groups over divergent views
August 25, 2011 at 5:24 AMKnut Rostad takes six people with him to start the Institute for the Fiduciary Standard
How a formerly homeless Vietnam veteran became a big-time RIA
August 24, 2011 at 4:29 AMThe financial planner and blues guitarist took a 'miracles' course in Waco, Texas and is allergic to 'salesy' investments
Beta test of Schwab's grand integration plan draws rave, but will the slow rollout prove detrimental?
August 23, 2011 at 5:56 AMSchwabinstitutional.com data flows freely into Salesforce.com's CRM in 12-RIA trial
Orion snags $2 billion Rehmann Financial account from Black Diamond
August 23, 2011 at 5:55 AMThe mega-Michigan-based RIA had hyper-specialized needs
Former Northern Trust CIO brings a cool billion and lofty credentials to HighTower
August 22, 2011 at 2:57 PMThe RIA-to-RIA spin-away advisor will hold down offices in Seattle and Minneapolis and build support teams from scratch
Private equity firm acquires First Allied
August 22, 2011 at 2:56 PMLovell Minnick buys the San Diego IBD from Advanced Equities
Commonwealth, Cetera and The ETF Store take notable actions
August 22, 2011 at 2:48 AMCommonwealth replaces Fidelity technology; Cetera snags Gene Goldman; an LPL vet, and upstart ETF Store takes another page out of Adam Bold's book
Laser App is showing the prosaic business form's sexy side at its San Diego conference
August 19, 2011 at 8:04 PMBoring? Making the trip for the App Net event were folks from companies including: Schwab, TD Ameritrade, Pershing, Fidelity, Shareholders Service Group, Orion, Albridge, DST, Laserfiche, Redtail, MoneyGuidePro
Was Schwab's letter of apology to RIAs good enough?
August 19, 2011 at 2:25 PMOne advisor called the custodians reaction 'tepid' and others expressed have even stronger feelings
Executive leaves Bloomberg with ambitious plan to unify the retail bond market
August 19, 2011 at 5:24 AMKim Bang has experience consolidating securities exchanges and signed on as CEO at BondDesk
RIA loses $10 million case against Raymond James the old-fashioned way
August 18, 2011 at 4:36 AMThe case may have turned on the validity of written versus oral agreements
Schwab redefines RIAs in its M&A study but experts say further refinement is needed
August 18, 2011 at 4:33 AMRegistered Investment Advisors have $50 million of AUM and serve HNW investors
RIABiz has its second birthday and reaches new milestones
August 17, 2011 at 4:01 AMThe strategy remains the same - growth by good articles
Russell Investments' CIO tells advisors that data is 'not consistent' with a recession
August 17, 2011 at 3:56 AMBack away from the ledge: Despite a 'mediocre' recovery, economists at the big money manager see hopeful signs for the future
Envestnet and Chip Roame forge stronger tie
August 16, 2011 at 3:05 AMThe large outsourcer has installed the high-profile consultant on its board of directors
How RIAs can best pick alternative investments: Punt
August 16, 2011 at 2:58 AMThis minefield is best left to experts with the right resources and expertise
Three ways to use social media in turbulent markets
August 15, 2011 at 8:28 PMRocky markets are the perfect time to use LinkedIn to ask for introductions
Schwab's purchase of Windhaven made its asset growth soar -- and RIA assets may be the afterburners
August 15, 2011 at 5:49 AMThe Boston-based phenom has gathered assets mightily in good markets but may do even better in bad ones
Joe Duran calls current market hoopla The Great Perception Recession of 2011
August 14, 2011 at 9:36 PMOn CNBC and in a letter to clients, the United Capital chief calls for caution but with a healthy dose of skepticism
Revenge of the branch managers: Washington Wealth is rapidly putting ex-wirehouse workers in play nationwide
August 12, 2011 at 5:14 AMThe fledgling RIA is swamped with interest and likes its high-class problems
Top 10 tips for the 'social' financial professional when creating your LinkedIn profile
August 12, 2011 at 5:11 AMA search will often produce a professional's LinkedIn profile before his or her website.
David Loeper is taking on UBS but his patent lawsuit is raising alarms in the RIA business
August 11, 2011 at 3:02 PMA pitched battle over the uniqueness of a financial planning process could result in thousands of advisors paying royalties
Legal analysis: The chances that Wealthcare beats UBS or upends the financial planning community
August 11, 2011 at 3:01 PMThe patent lawsuit could have real consequences for financial advisors
100 advisors convene with Envestnet's Crager and Stategas' Rissmiller to share strategies for managing the market turmoil
August 11, 2011 at 3:00 PMSome clients are doubling down on equities
Breakaway Movement II is kicking in, say Schwab and Fidelity execs
August 10, 2011 at 5:00 AMSpurred by waning wirehouse retention packages, a wave of advisors are poised to jump ship in 2012
Six important things I learned about LPL at its focus11 conference in Chicago
August 10, 2011 at 4:53 AMAmid market madness, LPL announced that it had a rollover plan, gave its blessing to advisors starting their own RIAs and much more.
Most provocative tweets of the RIA week
August 10, 2011 at 4:45 AMMarket melee sets advisors a-Twitter using humor, sarcasm, downright frustration and off-color language to express themselves
LPL keeps advisors abreast of careening markets at focus11 conference
August 9, 2011 at 5:32 PMResponding to a crisis situation, LPL adds computers, televisions and market updates to the mix
What's behind LPL's decision to slash its ticket charges for advisors
August 9, 2011 at 2:44 PMThe IBD is in a generous mood as it also pays dues to FSI on behalf of thousands
Goldman Sachs' O'Neill gives optimistic report on conference call despite Standard & Poor's downgrade of US bonds
August 9, 2011 at 2:36 PMChina's strong growth is the real leading indicator but the economist admits to losing some sleep
What plunging equity prices say about bonds as a hedge for stocks
August 9, 2011 at 6:54 AMIn a world of sophisticated hedges, the simplest way may still be best
What RIAs need to know about the Standard & Poor's downgrade of US debt
August 8, 2011 at 3:02 PMFor starters, some Fortune 500 companies already had lower borrowing rates than the US Treasury
Why exactly Envestnet bought an investment manager that already sat on its platform
August 8, 2011 at 4:57 AMThe $24 million purchase means FundQuest advisors will have direct access to PMC funds and avoids 'customer inducement costs'
RIAs need to step it up in this market turmoil - or pay the consequences
August 8, 2011 at 12:48 AMIt's vacation time but this opportunity to keep clients and win prospects won't last
LPL lures a TD Ameritrade talent across the San Diego street
August 5, 2011 at 1:09 PMMike Watson will bring his practice-management expertise to 1,400 LPL reps
LPL opens focus11 to reporters for first time - with provisos
August 5, 2011 at 6:49 AMWith the big IBD's business mix tilting more toward RIA custody, more open media policies seem to have followed
Ebix may hit a CRM sweet spot for some RIAs
August 4, 2011 at 6:20 AMThe strategic acquirer bought its way into wealth management CRM in 2009 but the 'rollup' label helped depress the company's shares
Michael Joyce buys a stake in National Advisors Trust after taking a pass 10 years ago
August 4, 2011 at 6:13 AMDeal nets access to cheap trust services, a capital investment, the possibility of a dividend and a close-knit group of RIAs
Three advisors tell why they fled Securities America for Commonwealth
August 3, 2011 at 6:06 AMScandal soured the advisors on the Securities America and set them on a search for a firm with a compatible culture
Advisors should go all-in to make PR worthwhile – otherwise, steer clear
August 3, 2011 at 5:59 AMBecoming a journalistic source takes planning, time, commitment and an enjoyment of the process
Fearless Merrill Lynch team breaks away with $1 billion in broad daylight
August 2, 2011 at 5:58 AMPaul Pagnato and David Karp started their day in Washington DC and ended up in Reston, Va.
Why RIAs would rather go to Twitter than talk to a wholesaler
August 2, 2011 at 5:57 AMAsset managers are cutting out the middle-man by going straight to the Web, study says
How Warburg Pincus plans to grow The Mutual Fund Store several-fold
August 1, 2011 at 5:34 AMNational advertising, a shift to more company stores from franchises, delivering services by an e-commerce site and using ETFs are on the table at The Mutual Fund Store
RIAs are managing client fears surrounding the debt ceiling crisis
August 1, 2011 at 5:34 AMHarvey Rowen of Starmont gave clients demanding out of the market a constructive way to approach it
