Articles published 10/2015
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LPL CEO floats orphaning 3% of its brokerage business in prelude to DOL 'travesty'
October 30, 2015 at 6:28 PMMark Casady says he may lop off brokerage accounts of $15,000, citing looming rule changes
Morningstar report suggests jiu-jitsu tactic for buying annuities: Game them right back by waiting
October 29, 2015 at 6:29 PMSeniors who pick their moment can save as much as 50% with patience as the key strategy
After stealthily buying up LPL stock, a 'wolf pack' of activist hedge funds has a leg hold
October 28, 2015 at 5:43 PMSan Francisco-based SPO, FPR and Marcato are forbidden to coordinate their efforts per SEC rules but seem to be looking in the same direction
Schwab's robo spikes suddenly to nearer $5 billion as 500 RIAs sign on
October 27, 2015 at 8:13 PMSan Francisco giant also claims the assets, despite being managed for 'free,' produce better revenues than the self-directed accounts they are cannibalized from
NAPFA is small, pure and aching for an elevator pitch -- but the perfect place for NYC-based MaxMyInterest to debut
October 27, 2015 at 5:17 PMAmid the din of an otherwise predictable Midwestern JW Marriott event, a different kind of robo got swarmed by the advisors wearing halos
Abigail Johnson takes Pyramis back to its Fidelity roots after her father tried to create exalted brand
October 26, 2015 at 5:26 PMUnknown and unloved, the 'just-a-no-load' unit that failed to capture 401(k) rollovers is reimagined to appeal more 'sophisticated' clients
Lehman Bros.' binding ties and culture spur another $1B team -- that stayed at their posts as Lehman burned -- to flee Stifel-owned Barclays for RIA
October 23, 2015 at 7:10 PMNewly created Summit Trail, with a Shirl factor, allows the Lehman swagger, kinder and gentler, to reassert itself in 2015 after seven years of smoldering
Mike Durbin goes deep at eMoney Summit on why Fidelity got into RIA software -- a 'culture' point driven home by mind-bending MoneyGuidePro news
October 22, 2015 at 6:10 PMeMoney's interim boss, long the king of Fido RIA custody, speaks of eMoney as a de facto genetic implant of blue ocean culture
Mike Durbin gets right to work as eMoney CEO with MoneyGuidePro coopetition deal -- even though he's 'interim'
October 22, 2015 at 12:37 AMThe collaboration of the two sworn competitors and a Fidelity guy in between validates that so-called 'dashboard' technology a killer category with new entrants on the way
Credit Suisse punts its private banking business to Wells Fargo
October 21, 2015 at 12:06 AMThe take-my-brokers-please deal has skeptics but shows forethought, too
What cheap lessons Donald Trump and Bernie Sanders are teaching RIAs about the dangers of trying to institutionalize their practices
October 20, 2015 at 10:01 PMAs the financial advice business goes robo, goes 'branded' and goes virtual -- with backing of 'smart' money and 'professional' managers -- the risk of backlash is real
AssetMark finds greatest treasure of Curian shipwreck to be its survivors, even as it salvages $2 billion from the ocean floor
October 19, 2015 at 3:43 PMThe Concord, Calif.-based outsourcer fills five sales positions from its fallen competitor with ease and sets them a task to throw life rings to even more adrift advisors
Dimensional Fund Advisors to launch 13 target date funds but can its RIA 'cult' deliver success?
October 16, 2015 at 4:33 PMThe Austin, Texas-based fund giant sees a 401(k) opening the size of its home state if Vanguard, T.Rowe and Fido are any indication
Capitalizing on 'unintended consequences' of DOL changes, Ken Fisher pounces on a fat-margin 401(k) opportunity
October 15, 2015 at 5:28 PMDOL greased the skids for closed-architecture approach of $60-billion RIA -- as long as it is discloses use of proprietary funds and sets flat fees that apply to them
Citing Edward Jones as a cautionary tale, Cerulli alerts 'eRIAs' -- i.e. robos -- that they need to be world-beaters just to survive
October 14, 2015 at 4:42 PMThe Boston-based researcher suggests by 2016 the standalone B2C model will demand net asset gathering $150 million per month -- a figure that will soon balloon to $180 million per month
Why the PE that helped take LPL public now controls Edelman Financial and plans to invest more heavily
October 12, 2015 at 11:26 PMHellman & Friedman has assumed lead-player status from Lee Equity Partners, the latest move in key-man Ric Edelman's uphill quest to make himself obsolete
Morningstar buys standalone rebalancer to fulfill its all-in-one vision by getting Sheryl Rowling to cash out and go back to RIA
October 12, 2015 at 5:09 PMThis way M'star gets to intellectually fuel trades but execute lift-off without an awkward hand-off out of its own software zone
Greg Friedman channels his inner Marc Benioff and Junxure shows off its sky-high future before a crowd of $1B RIAs and RIA digerati in Vegas
October 12, 2015 at 4:34 PMRobos had their hush moment over a lost $5 million account and advisors buzzed over the Total Rebalance Expert-Morningstar deal but Friedman kept CRM at the center
What scores Bill Gross's $200-million lawsuit seeks to settle and why the key allegation may have merit
October 9, 2015 at 3:36 AMDespite the wild, emotive weaving of a Grossian newsletter, the Bond King's claim that he was bilked out of a mega-bonus has a crisp logic, a top lawyer says
As Schwab edges closer to letting RIAs in as 401(k) middlemen, leaked details suggest to some that the firm still marginalizes the advisor
October 8, 2015 at 11:21 PMThough RIAs technically gain a seat at the Schwab index 401(k) table, they still don't have much say about how assets get invested
Weighed down by nonstop fines, LPL finally buys ounce of prevention by putting ex-FINRA veterans on its payroll
October 6, 2015 at 9:19 PMMark Casady also seats a former assistant attorney general on his board
Why a $3 billion UHNW team in Newport Beach bolted Merrill Lynch and what breakaway bugs are reading into it
October 6, 2015 at 5:30 PMThe alternating carrot/whip spurs for wirehouse mega-teams has the breakaway buggy bolting along
The 'other' Morningstar conference shaped up as a true ETF summit with principals of exchange traded fund programs on the prowl
October 5, 2015 at 12:45 AMThe growing ETF universe is getting specialized as it braces for its post-disruption future as the establishment product
Stealing the FPA show, 'rock star' Marcia Wagner sounds four-alarm fire drill on DOL's onrushing fiduciary rule -- especially one arising from a stumper of a rollover provision
October 1, 2015 at 9:24 PMIs there more than one way to be a fiduciary? Yup. Think the rule doesn't apply to your non-401(k) practice and won't affect your fees? Think again, warned the lawyer at the FPA conference in Boston
