Articles published 9/2015
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Schwab alerts its RIAs that it will liquidate client money market holdings by Dec. 1
September 30, 2015 at 8:35 PMThe San Francisco-based broker is shipping all cash in sub-$500K accounts to its bank
Philip Palaveev and Bob Oros create Hunger Games-style RIA high jinks for Fidelity execs, then release it for wide consumption
September 29, 2015 at 10:31 PMThe reality TV-Harvard Business School hybrid throws simulated market crashes, personal tragedies and M&A what-ifs at green FAs to test their mettle and groom them for succession
A palpable camaraderie accrues in Boston as FPA provides support group for lonely CFPs and the atomized niche firms that serve them
September 29, 2015 at 8:27 PMThere were RIAs and IBDs galore -- but no wirehouse reps -- on hand for a much-anticipated robo slug-out between Kitces and Sokolin
Relying on men but 'losing sleep' Sallie Krawcheck seeks to robo-reap women investors with Ellevest
September 28, 2015 at 10:46 PMIndustry luminaries Joe Mansueto, Mohamed El-Erian, Ajay Banga and Robert Druskin -- never mind co-founder Charlie Kroll -- make up a stellar roster of male executives backing this play for women's wealth
Amid papal euphoria, a bullish ETF event at NYC's Conrad Hotel where pros plot the next few trillion of assets
September 26, 2015 at 7:42 PMTom Lydon's fundfest had everything from Deb Fuhr's dry intellectualism to Josh Brown's New Yok F-Bombs, with all the Powershares, BlackRock iShares, State Street power players represented
10 years after Eliot Spitzer, Vanguard Group changes back its frequent trading policy
September 25, 2015 at 8:05 PMThe 60-day rule hurt investors more than helped, the Malvern, Pa. firm's exhaustive studies concluded
This time Envestnet plays most cards face up as analysts press again for cogent Yodlee deal rationalization
September 24, 2015 at 11:44 PMJud Bergman supposes, though not until 2020, that the merger will yield an extra $200 million in revenues
How Facebook's unfriendly new privacy strictures are edging RIAs into the social media monster's business-page boonies
September 24, 2015 at 6:10 PMThird-party data culling and archiving firms like Hearsay and Smarsh are scrambling for workarounds as the data spigot runs dry and new compliance challenges loom
The wild ride that Goldman Sachs took to launch its first ETF -- one that even an RIA could love?
September 23, 2015 at 7:42 PMThree years of leaking assets in $1 trillion Goldman Sachs Asset Management pushed Lloyd Blankfein to treat the unit like a deal leading to acquisitions, hires and an exchange traded fund strategy
The peculiar sentencing scenario involving Andrew Parish, AdvisorHUB, lenient prosecutors and an atypically forgiving IRS
September 23, 2015 at 5:20 PMThe slashing blogger will continue the legal fight, he says, but for now incarceration seems inevitable
After pocketing $5.2 million in 2014 comp as Ally Bank CEO, Barbara Yastine joins Lebenthal as Frank Campanale exits
September 21, 2015 at 10:01 PMAlexandra Lebenthal takes the co-CEO role of the wealth manager and she intends to woo more female advisors
Why a $1 billion-plus RIA attended Dan Seivert's two-day M&A conference despite having no intention of buying or selling
September 21, 2015 at 6:51 PMScott Hanson came away deeply impressed by how deals could accelerate the RIA business's bid to comparability with other professions
Why legal experts expect radio personality and registered rep Dawn Bennett to be barred from the industry for what started as an exaggeration of AUM
September 18, 2015 at 7:55 PMIn the great tradition of legal quagmires, the cover-up seems as much the issue as the original broadcasted misdeed
Strung out on Red Bull, and stung by a red-faced landlord, 70 tech nerds and Russian-style judges, Eric Clarke pushes RIA app coders to new limits in Utah suburb
September 18, 2015 at 6:16 PMNo panels, no PowerPoint no breakout sessions -- just tech whizzes from competing firms striving to integrate their systems to better serve financial advisors
Anything but passive, Vanguard Group chides Yellen for mistaking market static for market signals in leaving rates alone
September 17, 2015 at 11:27 PMRoger Aliaga-Diaz is concerned that the Federal Reserve itself stoked market volatility then cited it as a reason to stand pat
Report: 'Brother-in-law' dabblers are giving 401(k) ground slowly to specialists in $1.3 trillion market
September 17, 2015 at 6:36 PMSome RIAs disagree with Cerulli's pessimism and say DOL is having its effect with small employers seeking real experts to provide 401(k)s to employees
Scrutinizing -- and celebrating -- Schwab's plan to build 150 branches, at $1 million per throw, and people them with thousands of home-grown advisor talents
September 16, 2015 at 6:49 PMThe renaissance involves minting advisors as Schwab's retail chief Teri Kallsen offers up a bold vision of bigger, better branches
Almost lost in the robo shuffle, Personal Capital, in its 'special category,' is winning as told by an overlooked metric: revenues
September 15, 2015 at 6:11 PMSilicon Valley pioneer Bill Harris is struggling to goose the faltering free-to-premium conversion rate while keeping a weather eye on the big guys barging onto the field
How David Steele opened six restaurants in the toughest foodie market in the US and then found the nerve to leave JP Morgan
September 14, 2015 at 6:01 PMThe Bear Stearns veteran deliberately chose Uber-, Twitter- and Dolby-adjacent offices in a trendy San Fran neighborhood
Betterment jumps headlong into the 401(k) business spurred by a conviction that even Vanguard Group is unfriendly to investors in this arena
September 11, 2015 at 2:22 PMThe New York robo-advisor is going full stack, competing with Fidelity Investments on everything from recordkeeping to financial advice
A long-form explanation of why -- Wall Street be damned -- Envestnet's purchase of Yodlee might make sense
September 10, 2015 at 7:59 PMNothing will deter the Chicago outsourcer from a future infused with data, according to Envestnet strategy chief Lincoln Ross, who'll shoulder the credit or take the blame for the deal's outcome
The inner orchestration of Dynasty, Addepar and Pershing/BNY Mellon it took to harmonize a $1.4 billion Merrill Lynch family office team
September 9, 2015 at 8:21 PMVendors are finding ways to put UHNW corner family offices on conveyor belts in the service of RIA prosperity
After winning a $1-billion RIA, Raymond James fills a void by hiring a true-blue elite RIA executive
September 4, 2015 at 6:46 PMThe St. Petersburg, Fla.-based maestro of advice channels is hiring an RIA custody virtuoso with Schwab and Fidelity training
Edmond Walters bolts from eMoney and Fidelity Investments scrambles to manage the jilt
September 3, 2015 at 7:44 PMSix months after the $250-million deal, the entrepreneur leaves with no public explanation and Mike Durbin takes his CEO spot for now
Why BlackRock's purchase of FutureAdvisor for $152 million could be a deal of destiny
September 2, 2015 at 7:52 PMFutureAdvisor will nestle into BlackRock's risk management unit armed with iShares while Wealthfront and Schwab favor Vanguard ETFs
Citing 'Moss Adams' vision, MarketCounsel makes 17th hire in nine months
September 2, 2015 at 6:04 PMQuarterbacking the mass assemblage, David M. Mrazik, former general counsel at the New York-based roll-up, becomes managing partner
Quovo rakes in $4.75 million from VC backers and a triumvirate of angel RIAs: Carson, Bicknell and Lockshin
September 1, 2015 at 5:05 PMThe mini-Yodlee is ready to play the feisty startup role in the RIA account aggregation market
