Articles published 7/2016
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Hard numbers that show the zero-sum advantages of RIAs over wirehouse brokers as told by fund flows
July 28, 2016 at 9:00 PMThe hold by the Merrill Lynch and Morgan Stanley crowd over product manufacturers is fast slipping
Fidelity launches new robo as Schwab's hits $8.2 billion in assets
July 27, 2016 at 4:06 AMThe Boston giant differentiates itself by its promise to keep cash holdings at less than 1% and in having a published fee -- albeit a floating one
Talent exodus hits Wealthfront including heads of product, marketing and compliance
July 26, 2016 at 10:08 PMElliot Shmukler is credited with much of the product development that vaulted the robo from $150 million to $3.5 billion
Brian Hamburger joins the fray -- and ups the ante -- in Bruckenstein-Winterberg lawsuit
July 25, 2016 at 7:49 PMMarketCounsel CEO framed the answer to the Winterberg lawsuit; it says Winterberg did not meet 'measurable' demands and that he subverted T3 by promoting his own services
Did Vestorly just right-place, right-time itself into an advisor content force with Dow Jones deal -- and what seems set to follow?
July 21, 2016 at 11:47 PMThe New York-based startup is out-Dow Jones-ing Dow Jones at distributing the Wall Street Journal to advisors but very much with its blessing, too
How the SEC is poised to hand RIAs the keys to the $1.3 trillion private placement market -- largely at the expense of stockbrokers
July 20, 2016 at 9:54 PMDodd-Frank kicked off a series of events that demanded a more rational way to define the sophistication of investors and who is best able to judge investments that don't have prospectuses
The short scoop on Wall Street's claim that the DOL rule is too long
July 19, 2016 at 6:53 PMThe core of the Labor Dept's rule is 237 words; blame the prolix portion on exemptions accorded to complainers' interests
HighTower blindsides its own Palm Desert team with pink slips leaving pregnant questions in the arid air
July 16, 2016 at 12:05 AMThe Chicago roll-up cites improprieties by its partner-employees but recruiters find the timing interesting as the team was actively seeking an exit
Betterment makes CFO hire with $20 billion AUM 'line of sight' and IPO mindfulness
July 15, 2016 at 5:54 PMAs the NYC robo hits $5 billion ahead of its rivals, Amy Shapero will deploy hundreds of millions en route to a stock symbol
How custodians Folio Institutional and Equity Advisor Solutions keep on ticking -- Part 3 of 3
July 14, 2016 at 8:11 PMBoth custodians counter their peewee size by offering that something extra
How a Schwab cast-off became a niche custodian for RIAs who like to trade options
July 13, 2016 at 8:51 PMMoneyBlock emerged from BrokersXpress after the San Francisco broker bought it but didn't want IBD reps in its mix
What to make of Ron Carson selling 29% of his empire for $35 million -- and how he's evolved his no-pain, no-gain approach to attract a new generation of talent
July 12, 2016 at 10:16 PMImprobably, the master motivator of Omaha is seeking a few good millennial slackers en route to building a firm that exudes as much silicon as charisma
LPL restores OSJ rights to $35-billion AUA super-rep that just kept growing during its three-year ordeal
July 11, 2016 at 6:12 PMBy taking compliance back in-house, IFP slashes its $1 million compliance budget in half and gains a lost flexibility, according to founder Bill Hamm
E*Trade finds now the right time to launch its e-advice robo with an 'active' twist
July 8, 2016 at 11:11 PMThe New York-based discount broker means to put $1-million minimum-bogey institutional funds in the hands of retail investors
eMoney makes its first big enterprise sale as a Fidelity sub-unit by showing a few features and much salesmanship
July 7, 2016 at 5:14 PMThough Advicent is being phased out, an analyst says that eMoney and Advicent are more similar than you'd think
Delta employees sue Fidelity for 'illegal kickbacks' from Financial Engines
July 6, 2016 at 6:58 PMThe case may turn on whether Fidelity, by acting as recordkeeper and administrator, qualifies as a fiduciary and therefore breached its duty as it accepted Financial Engines' advice fees
How my career path to become an RIA included pay phones, American Express, the pressure of being a physician's son and facing down robbers as a bank teller
July 5, 2016 at 7:55 PMIt wasn't until I started flipping through industry journals at the bank that I discovered the CFP designation, read some practice profiles, and zeroed in on the field
Schwab launches biggest RIA-targeted price war in years -- but TD and Pershing say they won't play along
July 1, 2016 at 8:25 PMIn what may be a prelude to commission-free RIA custody era, Schwab eliminates equity and ETF commissions for all new clients for a year; Fidelity says it is still cheaper
