Articles published 11/2015
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Aspiration's jump to $11 million of AUM attracts $15.5 million of VC capital from investors who include Addepar's founder
November 30, 2015 at 11:49 PMOther head-scratchers from the LA-based robo include its sweet 1% checking account and its tithing of assets
Why exactly Betterment backers Marty Bicknell and Steve Lockshin became customers of rival robo and custodian TD Ameritrade
November 25, 2015 at 5:55 PMWhat makes the counterintuitive step work is how Jemstep helps round up the mass-affluent's mess of paperwork
SEC leaves little doubt that Virtus knew to be suspicious of what it was selling yet kept those concerns from wholesalers
November 24, 2015 at 7:08 PMAfter concerns were raised Virtus grabbed for earplugs -- a move that made economic sense in retrospect
LPL Financial undertakes painstaking overhaul of service spurred by capacity overwhelm and RIA demand for Schwab-style pods
November 24, 2015 at 5:51 PMIn addition to aggressive hiring, training and creating 'queues,' Tom Gooley and Tim Hodge are tackling the big one -- service culture
After selling Hatteras Funds for $40 million last year, the original owner buys it back from scandal-torn RCS for $5.5 million
November 23, 2015 at 6:47 PMThe 48-employee liquid alts firm just lost its giant distribution arm but manages to keep $1.8 billion of managed assets
With RIAs deliberately not in mind, Fidelity Investments launches Fidelity Go, a robo-advisor with the human touch of Vince Gubitosi
November 20, 2015 at 10:32 PMThe Boston investments firm is using Geode Capital to call the shots, BlackRock as ETF supplier, and its own employees as its initial test subjects
With eMoney in its back pocket, Fidelity Investments won't exercise its option to continue Betterment deal as it nears launch of its own robo
November 19, 2015 at 11:47 PMThe one-year semi-exclusive alliance never caught fire with Fidelity RIAs and the Boston giant will now use eMoney as kindling for a new digital-for-RIA launch
Betterment hires an RIA chief who reframes the vision from 'robo' to 'one-throat-to-choke' custodian -- and viable Schwab competitor
November 19, 2015 at 12:31 AMFresh off selling Upside to Envestnet, Tom Kimberly is Betterment Institutional's general manager and architect of a new vision
Small Florida RIA fights for its name as litigious $10 billion Chicago fund-picker Ariel Investments sues for brand infringement
November 18, 2015 at 5:42 AMThe founder of $225 million Ariel Capital says he named the firm after his daughter but a Google search already has him wrong-footed with the judge
Walt Bettinger unbites his lip and ignites a Schwab IMPACT Twitter squall and the RIA custody show goes on
November 16, 2015 at 7:53 PMTweets connected Schwab CEO remarks to Wealthfront's chippy chief -- red meat to the de facto hometown crowd of advisors
The SEC democratizes crowdfunding but RIAs need to guard against clients getting seated at an expanded kids' table
November 13, 2015 at 9:21 PMThere will be 233 million potential new private equity investors trying to overcome one 'adverse selection' bottleneck
9 questions to ask Schwab execs when you buttonhole them in Boston at IMPACT 2015
November 13, 2015 at 12:31 AM$23 trillion of AUM is there for the taking -- but how exactly does Schwab propose help RIAs win that discovered bounty?
Will the alternative assets Intel added to its 401(k) plan backfire legally as well as financially?
November 12, 2015 at 8:55 PMNew lawsuit alleges that spicing the DC plans with $2.5 billion of bets on de facto dark pools of 'shudder'-worthy alternatives cost participants hundreds of millions of dollars
How many RIAs are there? No, seriously, how many?
November 11, 2015 at 7:57 PMCompeting counts are full of 'bastardized' definitions of 'advisor,' state vs. SEC- vs. dually registered IARs, differing study criteria and agendas
Fred Tomczyk to retire as CEO of TD Ameritrade
November 10, 2015 at 7:36 PMThe ex-Ivy League hockey star will be replaced by a Canadian Toronto-Dominion Bank exec named Tim Hockey
'Bristling' at 'pink-it-and-shrink-it' pitfalls, Sallie Krawcheck files an ADV
November 9, 2015 at 11:58 PMEx-Merrill Lynch chief's Ellevest will charge double the Betterment rate but with hopes of better investing for women
How Mutual Fund Store is the real engine now at Financial Engines
November 6, 2015 at 10:17 PMUnable to hold 9 million hands as market tanked, Larry Raffone jumped when Warburg Pincus put The Mutual Fund Store on the block
Hitting a robo wall, Financial Engines buys The Mutual Fund Store for $560 million to bust out of 401(k) confines
November 5, 2015 at 11:15 PMThe Sunnyvale, Calif.-based robo colossus needed human advisors, and the radio RIA liked having a non-radio source of new clients
TD Ameritrade CEO sees RIA custody competitors adjusting to his killer strategy -- even as he whips his in-house RIA into shape
November 5, 2015 at 8:34 PMThe Jersey City, N.J. custodian's under-the-radar hypergrowth rate is now also big in absolute terms, which may attract unwanted attention from absolute giants
In bed with giants, T3 software entrepreneurs go to Florida to swear they are still more independent than thou
November 5, 2015 at 7:26 PMMoneyGuidePro's Bob Curtis flipped the bird at potential VC cash-bearers as Fidelity-owned eMoney vowed it was still a scrapper
Catching shareholders short, SEC lets Virtus skate with $16.5 million tax-deductible settlement after alleged 'willful blindness'
November 4, 2015 at 7:13 PMObservers say the Hartford, Conn.-based mutual fund company turned a blind eye to a fictitious track record but the SEC saw fit to mete out a not-so-big fine
As RIA compliance complexity explodes, two big outsourcers merge to keep pace
November 3, 2015 at 8:52 PMNational Compliance Services Inc. is a biggie with smaller RIAs and Regulatory Compliance LLC already provides ultra-handholding that firms increasingly demand
RIAs stay the course in holding Schwab to its promise of an RIA-in-charge 401(k) plan with a promising result
November 3, 2015 at 8:07 PMOnly when RIAs proved they'd only take 'yes' for an answer on open architecture and themselves installed as fiduciaries did their San Francisco-based custodian yield with just a minor Morningstar contingency
How hedge fund control and E*Trade's former CFO helped Mark Casady see that making LPL a blue chip was a fool's errand
November 2, 2015 at 10:00 PMMatthew Audette concedes that he came to LPL lured by its potential for higher leverage
