Articles published 2/2016
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With Envestnet shares deeply depressed, analysts cut Jud Bergman little slack on 4Q earnings call
February 29, 2016 at 6:09 PMWIth a not-yet-integrated Yodlee, trouble with a big client, Lori Hardwick's departure and a recent history of muddy communication, CEO Jud Bergman worked hard to reassure
The unbelievable series of missteps that sent Aequitas, its RIA clients and their investors, reeling
February 26, 2016 at 6:47 PMFirms as disparate as CONCERT Wealth and CliftonLarsenAllen seem to have gotten caught up in the implosion of Oregon-based Aequitas Capital Partners and plaintiffs' attorneys are yelling 'Ponzi'
Valerie Brown re-poaches Cetera's Susan Theder cueing up AIG female trifecta
February 25, 2016 at 8:46 PMThe Advisor Group executive chairman grabs her old chief marketing officer who had managed the unmanageable 'Cetera' brand and connected with advisors
In rebuke of Wall Street, Raymond James, William Blair and Stifel help form non-wirehouse advocacy group to 'shed baggage' but not without a suitcase of SIFMA ideals
February 24, 2016 at 10:44 PMAmerican Securities Association proclaims a fresh 'voice' but for now seems to be a rebel with a cryptic cause
As Pershing struggles to get a robo firmly fixed in the RIA frame, NextCapital rushes in to blur the picture
February 23, 2016 at 9:25 PMThe Chicago 401(k) robo will use Pershing custody to go after the retail market and Pershing has hopes it'll work with its mega-RIAs
Why Schwab execs are 'proud' of holding at $1-trillion custody mark first achieved in 2013 -- and what makes them pleased with its existing 25% RIA custody market share
February 22, 2016 at 6:43 PMCandidly canvassing 2015 dings -- including a $12 billion RIA defection -- Walt Bettinger seems at peace with vigilantly guarding Schwab's mighty quarter of the RIA asset pie
How Rob Francais is convincing RIAs to sign on the dotted line with Aspiriant -- no money down
February 19, 2016 at 8:35 PMThe CEO of the $9 billion RIA grabbed nearly $1 billion of AUM from Hokanson and Glowacki with stock swaps
What exactly to make of Fidelity's WealthScape and whether it's the bull in the third-party-equilibrium China shop
February 17, 2016 at 10:34 PMCalling it multicustody may be a stretch but the firm is determined to compete head-on with its own performance reporting software
Schwab's grand plan to alleviate its 300-to-1 customer-to-advisor crunch gets indefinitely shelved
February 16, 2016 at 8:45 PMThe San Francisco-based broker has also toned down its talk of branch expansion -- even as Fidelity, at 190 centers, gains on Schwab
How tech vendors pierced the glare generated by Fidelity's uni-bundle to get their message in edgewise to 650 advisors at T3
February 16, 2016 at 7:19 PMApt metaphors for the state of the RIA business included a giant alarm clock and an actual drone delivering financial advice in the time of robo
In her words: A former Goldman Sachs star gets into the depths of winning UHNW clients, without being in that tax bracket
February 15, 2016 at 7:47 PMAmy Parvaneh channels love, permeable walls of personal and business and 'Rocky' stories' as a fuel for a no-excuses mindset
Goldman Sachs and Wells Fargo analysts ask unobsequious questions as LPL shares fall below 2005 private equity levels and Mark Casady pleads the 'Spanish Inquisition' defense
February 12, 2016 at 10:05 PMLPL Financial's CFO Matthew Audette promises to put brakes on buybacks after decision to spend $250 million on them in December proves ill-conceived
Completing matriarchal coup, Pershing raids Envestnet's top drawer to grab Lori Hardwick, whom many thought unpoachable
February 11, 2016 at 7:45 PMPershing's top two executives are now women with Lisa Dolly being replaced as COO by another dynamo
What about the 49ers, Palo Alto experiment and China led a $2.7 billion RIA to sell out, brand and all, to BNY Mellon
February 10, 2016 at 7:40 PMBNY Mellon ends up buying RIA -- and paying an extraction fee to Schwab -- after building nearby Palo Alto 6,800-square-ft. branch
Why Pershing's CEO pick looks uninspired, and why that look may be deceiving
February 8, 2016 at 11:35 PMLIsa Dolly is a rare 'lifer' in a transient industry but those who know the clearing giant's first woman leader say her entrepreneurial spirit and decades at Pershing make her an inspired choice
With Veo Village hive buzzing in background, Tom Nally rides herd on RIA 'Wild West' threats at vibrant LINC 2016
February 8, 2016 at 7:07 PMThe laptop guys in another room won plaudits as the TD RIA custody chief counseled RIAs to embrace more practice audits and communicate more by story, less by Orwell
Why only 10% of elite RIAs are receptive to fund wholesalers yet depend on a handful of good ones
February 6, 2016 at 12:27 AMFund wholesalers say the research based on the FT 300 distorts reality and RIAs admit liking what wholesalers provide under the right conditions
What exactly to make of Morgan Stanley poaching robo-talent Naureen Hassan from Schwab on the heels of Greg Fleming's departure
February 4, 2016 at 9:56 PMSure she brings the Schwab robo playbook -- albeit the Reader's Digest version -- but insiders say Jim Rosenthal may have bigger reins for her to take
After years of work to gain parity with Schwab RIA custody, Fidelity is ready to show fruits of its $250 million move to gain an edge
February 3, 2016 at 7:46 PMWith ex-Schwabbie Bob Oros in RIA charge, Mike Durbin as leapfrogger-in-chief, and Sanjiv Mirchandani at the big desk, the Boston-based custody division is set to launch its new technology platform
Terri Kallsen sold 15,469 shares of Schwab stock but did she also sell short her own vision?
February 1, 2016 at 10:57 PMSchwab's head of retail dumped more than half her company stock exactly a year after becoming retail chief with bold goals
Part II: Tick, tick ... How FINRA tramples on 'settled' principles of the Supreme Court, and even Adam Smith, in its sanctification of two-hatted advice
February 1, 2016 at 8:13 PMThe 'best interests' standard of the stock cop ignores classical arm's-length principles, of economics and the law, implicit to the entrusting of care to professionals by evoking wonders of bare-knuckles capitalism
An advertiser's chats from the Inside ETFs event and the Vanguard-versus-the-world chess match they depict
February 1, 2016 at 6:03 PMEbullience born of dreams of a bright future for the ETF channel infused the crowd of 2,000 in South Miami
