Articles published 7/2012
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Advizent makes Jack Bogle its standards czar, a no-pay, no-conflict position
July 31, 2012 at 11:30 AMThe RIA brand will depend on a gold standard of rules and audits
An expert updates 7 matters related to the estate tax
July 31, 2012 at 3:25 AM2012 looms large for change
How two RIAs succeed by using only Fidelity funds -- but not without weathering criticism about closing their own architecture
July 30, 2012 at 4:12 AMThe heads of Weber Asset Management are unfazed by peers and analysts who says they are taking brand loyalty too far
The 30-day alternative assets challenge: Finding the right successor custodian
July 27, 2012 at 4:22 PMDeftly remediating alternative assets held in retirement accounts can strengthen the client-advisor bond and avoid a dreaded 'taxable event'
Even as mired markets stalled Q2 merger deals, private-equity-fueled national acquirers revved up prices
July 27, 2012 at 4:22 PMOnly eight M&A deals were inked in the second quarter according to Schwab Advisor Services but what there was, was 'cherce'
Why an ESPN sportscaster and comedian turned in his blazer to join a Los Angeles RIA -- and why the firm took a chance on him
July 26, 2012 at 4:01 AMIn what may be an industry trend, L&S advisors is betting on a career-changer with more to offer than experience
Ex-RIA chief: 'How I learned more in a month as a client than in 20 years as CEO'
July 25, 2012 at 3:14 AMAspiriant's Tim Kochis and his wife experienced firsthand the upsides and downsides of being paying clients
Dynasty Financial recruits another field general from the Citi-Smith Barney army
July 25, 2012 at 3:05 AMJohn Sullivan will do some of the heavy lifting from Chicago on advisor service and be a subject matter expert for lending
How HighTower brought an 83-year-old, $600-million breakaway broker back from the wirehouse side
July 24, 2012 at 4:55 AMAfter Eugene Lerner moved his RIA to Morgan Stanley Smith Barney, HighTower lured the former pupil of Milton Friedman and professor of Alan Greenspan back to the RIA world
Why the San Francisco Bay area is almost certainly the capitol of the RIA business
July 23, 2012 at 3:31 AMCompanies like Schwab, Advent-Black Diamond and Salesforce are based here for starters -- but big wealth managers and lots of open-minded rich people clinch the matter
A cottage industry of hedge funds-to-RIAs is springing up but so far the mutual fund industry looks like the big winner
July 20, 2012 at 4:28 AMIt's a minor gold rush, but the entrepreneurs jumping into the niche are quick to identify the frailties in each other's approaches
Mag Black-Scott plans for an LA-based 'mini-Morgan Stanley' advance with the hire of a R.W. Baird team to handle public agency assets
July 19, 2012 at 6:00 AMAndy Fass, formerly a Morgan stanley exec, joins Beverly Hills Wealth Management as western division marketing director and half of new group aimed at big assets with small profit margins
National Financial Partners buys longtime partner Fusion signaling a shift away from the 'roll-up' model
July 18, 2012 at 4:01 AMThe New York-based agglomeration of financial businesses is looking to inject higher levels of intelligence, best practices and culture by bringing the services of Fusion in-house
What RIA principals in the Focus Financial family have to say about a rumored deal for the consolidator
July 17, 2012 at 3:54 PMBuckingham/BAM, The Colony Group and LLBH leaders see it as business as usual that Summit would want to roll over ownership of its stake
Older investors' complaints deserve -- and receive -- special scrutiny from regulators
July 17, 2012 at 3:53 PMExaminers give seniors the benefit of the doubt in a complaint, making it imperative to keep meticulous records focusing on not just the 'what' but the 'why' of investment decisions
Why the Moss Adams-Rowling Dold merger came apart despite looking picture-perfect on paper
July 16, 2012 at 3:33 PMRigorous due diligence and good will count for a lot -- but not everything, as two ultimately mismatched RIAs were surprised to discover
LPL Financial sees explosive asset growth of model portfolios by linking BlackRock and J.P. Morgan-level brand names to the little guy
July 13, 2012 at 3:32 AMThe big IBD saw a 72% jump in assets for its Model Wealth Portfolios platform to near $9 billion after lowering account minimums to $25,000 from $100,000
9 things advisors to 401(k) plans must do to keep clients out of hot water
July 13, 2012 at 3:29 AMA wave of fiduciary lawsuits is creating new plan best practices
How RIA industry execs took on the ultimate teamwork challenge: Conquering the highest summit in the lower 48
July 12, 2012 at 3:35 PMTraining regimens for the group -- including a Green Beret and a Gulf War veteran -- ranged from crossing the Brooklyn Bridge to Google searches for portable bottles of oxygen
On its march to $50 billion, Mariner finds its groove buying RIAs connected to accounting firms
July 12, 2012 at 4:48 AMFirst it was CBIZ, now Orizon Investment Counsel, and Marty Bicknell doesn't plan to stop there as he notes accounting firms want to get back to their core business
Brothers reunite as a $3.8 billion ex-Graystone team forms its own RIA
July 11, 2012 at 3:27 PMMorgan Stanley Smith Barney's elite consulting unit pushed out the older brother based on alleged wrongdoing and his younger brother spearheaded a breakaway to rejoin him
United Capital makes three exec hires, including a veteran recruiter from Raymond James
July 11, 2012 at 2:09 PMThe big Newport Beach, Calif.-based RIA and consolidator is putting big dollars toward turning existing offices into marketing and recruiting machines
LPL Financial rolls up an unusual RIA to use as a cornerstone of its TAMP-like mass-market venture
July 10, 2012 at 2:32 PMThe big broker-dealer is buying Veritat Advisors, renaming it NestWise, and using a Wharton professor's technology to crack the case of managing multi-hundred-client practices
How 5 seriously overworked buzzwords can come between you and your client
July 10, 2012 at 6:10 AMThey're on the lips everyone in the industry, but we've lost sight of what they really mean; here's a refresher course
JPMorgan breakaways make Page One of the New York Times after $9-billion loss puts spotlight on Dimon's bank
July 9, 2012 at 5:23 AMIt's a familiar story of pushing proprietary product and advisors not going for it -- but under a sterling brand
By hiring a Fidelity sales veteran, National Advisors Trust goes after the $1 million to $10 million client who use $500 million RIAs
July 6, 2012 at 3:36 PMSteve Ippolito, an RIA-savvy veteran of Schwab and Fidelity, will also work with existing member firms
How Google Love can put an RIA onto an equal marketing footing with BlackRock
July 6, 2012 at 5:24 AMThe big search engine -- and the web in general -- may be the two technologies most neglected by advisors
Dynasty fetes its RIAs with bottles of bubbly on the Fourth -- but with an anti-revolutionary message
July 5, 2012 at 5:01 PMPopping a cork to celebrate newly independent advisors is a grand idea. But is it revolution or evolution?
RIAs see mostly silver linings in the wake of Supreme Court's decision on Obamacare
July 5, 2012 at 5:30 AMAs small business owners and financial shepherds of human flocks, accessible and affordable health care is a good thing
Luring a $330 million team away from UBS, HighTower opens first San Diego office
July 3, 2012 at 5:22 AMAfter five years at Smith Barney, HighTower convinces the team to complete second big move in five years
6 reasons why RIAS can't -- or don't want to -- have track records
July 3, 2012 at 5:13 AMIf clients are confused by myriad FA titles they're baffled as to why advisors can't can't produce their investment histories
Why a $23 billion San Fran-based RIA has doubled its square footage in NYC
July 2, 2012 at 4:34 PMCatering to uber-wealthy foundation and endowment clientele, Hall Partners broke an eight-year lease to find swankier digs
The 4 biggest investment performance myths -- and how they can torpedo advisor-client trust
July 2, 2012 at 4:24 PMHow to sidestep Wall Street mythology and give clients a clarified perspective on the ups and downs of their investments
