Articles published 6/2014
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Russell Investments sells for $2.7 billion and the new owner will flip its $250-billion asset manager -- yet again
June 28, 2014 at 12:18 AMThe once-proud, family-owned Seattle firm is being sold by Northwestern Mutual and stripped for parts -- its indexes -- with its asset-management business as the throwaway
With Stephen Cucchiaro out, Liz Ann Sonders takes the Windhaven reins
June 27, 2014 at 9:02 PMThe founder of the once-explosive ETF manager didn't have the same investing magic in the wake of his sale
Framing it as opportunity, Bernie Clark delivers a chilling market warning at EXPLORE about the coming post-baby boom market
June 27, 2014 at 6:41 AMThe Schwab chief tells 160 RIAs with $200-billion-plus of assets to learn to love and attract a poorer, younger, higher maintenance -- but lower mileage -- client pool
How Vanguard Group's robo-countering effort got to $1.3 billion of AUM so easily and why its future seems bright
June 26, 2014 at 3:14 AMExecuted almost shyly, the hints-of-vanilla Malvern indexing giant is the unlikely Silicon Valley nemesis in automated services
How a $1.3-billion Manhattan, Raymond James RIA won a top exec from the roll-up down the street: Focus Financial
June 25, 2014 at 5:45 AMMichael Paley comes to Klingman & Assoc. with a mandate to add billions in AUM for his fellow-but-elder Princeton tiger
Just what damage was done -- or not -- by Bill Gross ranting in shades
June 24, 2014 at 5:25 AMThe PIMCO leash is still pretty long, say RIAs, Morningstar analysts and others but the bond king needs to rethink how he manages the media in a hurry
Why most RIAs bent on launching in-house ETFs should swallow hard and start a mutual fund
June 23, 2014 at 4:33 PMWhat makes exchange traded funds so great for consumers can cut the other way if you try to compete with BlackRock
RIABiz gets some intense third-party feedback loaded with affirmations and a few wake-up calls
June 23, 2014 at 4:29 AMA Huffington Post column and our first-ever survey help define just what a pure online publication for RIAs should look like
Bill Gross's stage antics leave Morningstar conference-goers gobsmacked
June 20, 2014 at 1:26 AMWearing sunglasses, comparing himself to Justin Bieber and making his desire to bribe journalists known (albeit in jest) baffled observers
How Steve Foldes merged his $600-million RIA with mentor (and former advisor) Harold Evensky creating a $1.5 billion Florida behemoth
June 19, 2014 at 4:34 PMThe former sandal magnate got rich at 35, became an Evensky client, a rival and now a partner
How Merrill Lynch Clear looks so impressively RIA-like and what shows how deceptive looks can be
June 18, 2014 at 5:54 PMThe big iPad-laced and rhetoric-laced wirehouse initiative toward goals-based investing may have selling insurance as its primary goal
LPL Financial is dumping North Carolina as a headquarters, moving south to make room for 1,800 more employees
June 16, 2014 at 9:00 PMThe Boston-, Charlotte- and San Diego-based broker-dealer is constructing a giant office-park eco-building
How LPL's CFO answered the Cetera question at Morgan Stanley Financial's conference
June 16, 2014 at 2:14 AMDan Arnold wrote off the Schorsch roll-up as PacLife, AIG or Jackson National reincarnated
Thoughts on 'robo-advisors' served cold, compliments of Kitces and Waymire
June 15, 2014 at 7:40 PMWith the potential for channel conflict, wirehouses are the most handcuffed in thwarting automated financial 'advice'
Preparing to appear before Senate subcommittee, TD Ameritrade discloses order-routing revenue
June 13, 2014 at 5:25 PMThe company made $236 million in revenue sharing in 2013
Ameriprise makes its move upmarket by first moving its bonus payouts to Wall Street levels
June 13, 2014 at 2:30 PMThe Minneapolis-based broker jacks its sticker bid to 150% bonuses of brokers' last 12-months of revenue
TD Ameritrade hosts a posh 'billion-dollar club' summit at a seaside Ritz Carlton
June 12, 2014 at 10:46 PMWith 190 cosseted advisors representing $215 billion of AUM, Fred Tomczyk laid out the bucks for Ben Bernanke and more
My conversation with Chris Gardner and his new Pursuit of Happyness
June 12, 2014 at 5:15 PMThe real guy played by Will Smith is pursuing a post-financial industry life -- or not
How Brian Hamburger won speaking commitments from Mark Cuban, Sallie Krawcheck and Eliot Spitzer without throwing money at the challenge
June 12, 2014 at 5:47 AMThe MarketCounsel chief would make Dale Carnegie proud with an old-fashioned approach that proved refreshing to the woo-ees
Why RIAs should hedge their fee income to stay aligned with client interests
June 11, 2014 at 5:26 PMClients invest for the long haul and advisors have short-term revenue needs making the AUM model imperfect at best
Securities America's RIA/roll-up launch gains ground by pushing back against its parent IBD and poaching an RIA that left it at the altar
June 10, 2014 at 5:43 PMOmaha's Arbor Point lured away the founders of a local rival and chafes against its parent firm but estranged advisors still share church pews
INSITE 2014 unveils wired body armor for the advisor of the future as it rolls out a slew of NetX360 upgrades
June 9, 2014 at 3:45 AMMark Tibergien delivered a personal challenge to advisors at the overflowing South Florida Pershing confab as INSITE announces plans to shift ground in '15
How Ric Edelman manages to bring on 4,500 new clients each year by force of personality while diminishing key-man risk at the same time
June 6, 2014 at 7:41 PMThe one no-go thus far is replacing himself on radio and TV but branches, 'robo'-advice, seminar producers, more advisors and more footprint proceed at nosebleed pace
LPL's Robert Moore makes his next moves -- and this time Joan Khoury is out
June 5, 2014 at 11:31 PMAs LPL seeks its voice as a corporation, the company will go a new direction for marketing with reently hired Morgan Stanley and Russell Investments talent
Mark Tibergien: Pershing is poised to double RIA assets in two years
June 5, 2014 at 7:35 PMIn a Q&A the chief of the BNY/Pershing RIA custody says the volume of new $1-billion accounts is his basis for optimism
Schwab snares its first clients for ETF-only 401(k)s as one of its 401(k)-focused RIAs defects to TD Ameritrade
June 4, 2014 at 3:31 PMMiracle Mile and Schwab both have their eyes on the same value-proposition prize -- just not with each other anymore
Raymond James lets six advisors steal the show at its national event with TED-style talks
June 4, 2014 at 2:08 AMRJFS's president denounces DOL changes as 'unhealthy' and its CEO discloses its strategy for becoming the No. 1 go-to for RIAs
Mark Wiedman vows to ETF managers that BlackRock won't compete (directly) in the asset allocation game
June 3, 2014 at 2:08 AMThe iShares chief encouraged the entrepreneurs, many of whom are ex-RIAs, to see themselves as primary purveyors of BlackRock ETFs
How one boomer put faith in stockbrokers, trusted more in himself and retired rich enough
June 2, 2014 at 2:41 PMIt's not just what advisor Karl Thunemann trusted but what advice he took-- and that $15,000 from his mother-in-law
