Articles published 3/2015
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My 10-year journey from a BoA call center to establishing a solo $73-million AUM RIA
March 31, 2015 at 7:46 PMI established my own business two years ago with a pitch [and fee structure] so appealing I don't always finish it
SEC denies Freedom of Information request by RIABiz related to Virtus funds as Ameriprise and TD Ameritrade become latest biggies to cut ties
March 30, 2015 at 5:19 PMThe regulator's non-response isn't proof of an investigation but big broker-dealers continue to see smoke as fire -- and Virtus's own SEC docs seem to warn of potential trouble brewing
How an iPhone app cut through stilted questioning at Barron's RIA custody panel in Scottsdale
March 27, 2015 at 7:13 PMSterling Shea invited advisors to vote on pressing RIA questions via iPhone -- and they acidly asked Bernie Clark whether Schwab is robo-competing against them
Why EF Hutton's rebooters took the arse-backward tack of selling public shares and buying a brand before developing a product
March 26, 2015 at 8:02 PMCEO Chris Daniels is betting the brand's 20th century fame combined with 21st century digital technology -- and a Nasdaq listing -- will translate into success
In reply to SEC, Howard Present blames bad advice for any alleged wrongdoing
March 24, 2015 at 10:49 PMThe F-Squared founder cries foul for what the SEC calls fraud
Schwab is accelerating its software upgrading pace on the back end
March 24, 2015 at 8:18 PMThe San Francisco-based firm's front-end technology surpasses the system's foundation, which is OK for now, but the bill is coming due
Trade publication critiques the inhumanity of Schwab's robo advertising
March 24, 2015 at 4:59 PMAdWeek notes the Blue's oh-so-calm, 'kill-all-the-humans' voice
Schwab makes thousands of its RIAs subject to fee for robo-software, allocation of client cash to Schwab Bank
March 23, 2015 at 7:21 PMThe San Francisco firm told RIAs on a webcast that their firms must have $100 million on account or pay for robo-software
Found innocent after being sentenced to jail for alleged bilking of an old lady, Glenn Neasham struggles to rebuild his career
March 20, 2015 at 8:38 PMFormer Vikings quarterback-turned-marketer Fran Tarkenton is scrambling to help but Neasham is delivering pizzas at night
For sub-$500k accounts, Schwab is sweeping RIA client cash into its bank, pumping up corporate profits
March 19, 2015 at 5:51 PMUnlike the robo, RIAs can manually direct funds to money market funds which makes this change less controversial
Swamped by Tony Robbins' referrals, Ajay Gupta launches national venture with Jemstep and United Capital as notable partners
March 18, 2015 at 7:41 PMThe UBS breakaway mentioned in the self-help guru's book is now calling on RIAs nationwide to share the referral wealth
How exactly I started a specialized RIA for under $10,000
March 17, 2015 at 6:49 PMAndrew McFadden started Panoramic Financial Advice out of his Fresno, Calif. home and cut costs to the bone -- except where only retail would do -- and isn't afraid to send micro-accounts to a competitor
The mission-critical task Abby Johnson has entrusted to Mike Durbin regarding Fidelity's RIAs and automation
March 16, 2015 at 8:17 PMThe Fidelity CEO's move reflects a paradigm shift for RIAs, for the whole company
With apprehension in the air, Schwab invites its RIAs to a one-hour meeting about robo-advice
March 13, 2015 at 5:47 PMMany of Schwab's 7,000 advisors are eager for robo-technology but are wary of what's behind the amiable blue facade
After lassoing Banyan and Silver Bridge talent, Ropes & Gray launches $2.7 billion RIA to extend its legal brand to financial advice
March 12, 2015 at 5:58 PMThe 150-year-old white shoe, which counseled Mitt Romney on financial matters, is unshackled to advise as Ropes Wealth Advisors
Adam Nash makes direct 'CEO-to-CEO' plea to Schwab to rethink its robo
March 11, 2015 at 4:16 AMIn a blistering blog entry, the Wealthfront chief executive expresses outrage at the Schwab robo's ADV contents -- and gets an earful back from the San Francisco giant
Vanguard Group's econo-RIA chief will now report to her CEO as unit hits $5 billion, gains steam
March 10, 2015 at 7:13 PMBill McNabb wants a direct line to Karin Risi as Vanguard Personal Advisor Services hits $5 billion of AUM
How a Vermont janitor's $8-million bequest highlights lessons for advisors found in Tom Stanley's bestseller, 'The Millionaire Next Door'
March 10, 2015 at 4:36 PMMercedes and McMansion owners aren't always 'Prodigious Accumulators of Wealth,' according to the late advisor and researcher
Schwab sings 'Blue' as it rolls out its robo -- and phono -- functions ahead of deadline, with minimums
March 9, 2015 at 10:07 PMSchwab Intelligent Portfolios now has breakpoints of $5,000 and $50,000 of assets -- and comes with human broker help
Extraordinary women awaken the RIA business, shepherd billions
March 6, 2015 at 8:53 PMIn a business starved for beyond-the-books talent, executives are turning to a largely untapped gender
Bob Oros jumps to the top 'RIA' spot at Fidelity
March 5, 2015 at 8:59 PMWith Mike Durbin taking a new day job at the Boston giant, the sales journeyman of Schwab, LPL and TCoA fame gets a coveted title
Robert Moore walks from LPL Financial president role for new gig, but Dan Arnold softens the blow by filling the void
March 3, 2015 at 9:04 PMMark Casady's second-in-command was hired as CFO from a bank early in the 2008 crisis but Arnold is known as entrepreneurial soul who can 'do' corporate
How United Capital's unconventional rolling up of a $2 billion RIA reveals how close the roll-up model is to extinction
March 3, 2015 at 6:43 PMJoe Duran's Newport Beach firm does cryptic non-transactional acquisition as Focus Financial becomes a tuck-in machine and HighTower sells de facto franchises
Envestnet buys baby robo-advisor to add 'last mile' to its grown-up platform
March 2, 2015 at 9:08 PMUpside will cast its lot with the Chicago outsourcing giant in Sunnyvale, becoming the first robo to get consolidated
Where Barbara Roper and Ron Rhoades lose traction in their fiduciary arguments
March 2, 2015 at 6:19 PMLay fiduciary decision-makers have difficulty in discerning conflicts of interest.
After famous Twitter feud, Jon Stein and Michael Kitces make up and join forces
March 2, 2015 at 6:42 AMAs XY Planning Network hits 61 members, its co-founder bets that Betterment Institutional is the best platform for his mostly younger RIAs
