Articles published 11/2017
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All-LPL M&A deal yields one $875-million firm in which Black Diamond, Schwab and Vanguard are named factors
November 29, 2017 at 11:49 PMThe 51-year-old founder of CalBay Investments Inc. and the Hillis Financial Services founder, 73, do a succession-minded combination that keeps assets all in the LPL family
An ex-Voya chief, Maliz Beams, exits State Department after three months
November 29, 2017 at 2:20 PMHopes she would gel better with Rex Tillerson than she did with Voya Financial chief Rodney O. Martin Jr. were quickly dashed
Pro-DOL rule forces sharpen knives now that DOL rule's 18-month delay is carved in stone
November 28, 2017 at 10:14 PMLabor Department loses formerly effective duck-and-weave defense tactic after 'U-turn' toward a more Wall Street golden goose ethos
How UBS exited the Broker Protocol and why the aftereffects may surpass those of Morgan Stanley's earlier departure
November 28, 2017 at 2:37 AMUsing Thanksgiving and the alleged complicity of his firm's attorneys as a smoke screen, CEO Tom Naratil made good on warning to slam the door on his sales force
Christopher Zaccarelli named to newly created CIO spot of Independent Advisor Alliance
November 27, 2017 at 8:31 PMThe one thing no RIA should forget to thank God for at Thanksgiving
November 22, 2017 at 10:37 PMInstead of clients carving you up like a turkey they place an astounding amount of trust in you and your business model
How Vanguard lost a $19.4-billion 401(k) account to Fidelity and why it's the exception to the rule -- and isn't
November 21, 2017 at 12:53 AMChevron boots the hyper-fiduciary Malvern, Pa.-based indexing giant in favor of Fidelity after two dismissed lawsuits
As health insurance premiums blow gaping holes in financial plans, Bryan Kuderna interviews an expert
November 20, 2017 at 7:32 PMDan Campbell identifies two areas where an employer and/or consumer stands a chance of managing incoming health care missiles
Bernie Clark uses Schwab IMPACT 2017 as pulpit to preach Schwab scale as firewall to blaze of dystopian big-data future
November 17, 2017 at 10:45 PMWith no RIA deliverable to pitch, Charles Schwab & Co. execs presented their go-big, 'no goals' vision for managing accelerating external change
Wealthfront calls its smart beta approach 'superior' to Dimensional Fund Advisors largely because DFA works with RIAs
November 17, 2017 at 2:21 AMThe Redwood City-based robo-advisor's CIO Burton Malkiel says his firm's robo-approach to factor investing convinced him to reverse his stand on passive investing as unbeatable
In letter to the editor Emigrant Bank finance chair calls out Mark Hurley for bad faith, improbable claims
November 15, 2017 at 9:38 PMBarry Friedberg answers Hurley's theory of the acrimonious dispute case point by point and makes counterclaims
After 'thinking changed' Emigrant Bank hires new CEO to either take Mark Hurley's spot at Fiduciary Network or to head new unit that will compete head-on
November 15, 2017 at 9:38 PMWith Hurley now characterized as expendable, the New York bank makes Karl Heckenberg chief-in-waiting and Harold Evensky expresses 'reservations' about Emigrant Bank power play
Quovo is developing an ACATS rooter process with Apex Clearing as first to sign on
November 14, 2017 at 11:09 PMThe Silicon Alley startup is using its data science as a way of attacking a clog considered not susceptible to intervention
Ex-NBA player turned sales exec bounces from Goldman Sachs to alts assets manager
November 14, 2017 at 4:46 PMAfter Brian Hamburger scores Greg Fleming, Tom Bradley, Elliot Weissbluth and other A-list whoppers, MarketCounsel Summit fees will rise
November 10, 2017 at 11:09 PMSpeakers fresh off making RIA headlines, including ex-Morgan Stanley president who is launching Rockefeller-backed RIA, will address uncomfortable issues, which sends demand up; $1,000 tickets til Monday
Franklin Templeton's ETF play reveals pain of being late -- yet it beats never
November 10, 2017 at 12:29 AMFranklin Resources has hewed to near a $42 share price back to 2006 but with $750 billion of AUM it is being deliberate with launch of single-country ETFs, opening wider window on strategic weaning from mutual fund dependency
Mark Hurley battles to end his relationship with his billionaire investor
November 9, 2017 at 4:08 AMThe Fiduciary Network CEO needs a "bigger" investor, he says, as RIA LBO game heats up and he holds upper hand after winning arbitration but Howard Milstein's bank hasn't waved the white flag
BlackRock may build the biggest, baddest RIA platform yet as 'Boy Wonder' begins 'Aladdin-izing' FutureAdvisor
November 7, 2017 at 8:39 PMSince its acquisition in 2015, crickets for the $152-million robo-advisor, but under young legend Rob Goldstein, that could all change as BlackRock rolls out its play to own the advisor desktop
The T3 Enterprise Conference showed the dark side of the RIA software business in Vegas
November 7, 2017 at 1:00 AMRIAs may be reaching a point of diminishing returns in buying software unless RIA custodians can join them in the reinvention process -- with the tenuous fate of cleverDome hanging in the balance
Five RIA principals with $60 billion of combined AUM form ScratchWorks as 'publicity stunt' and serious effort to fund fintech startups
November 3, 2017 at 10:09 PMWith Fidelity Investments as sponsor, Barron's hiring the hall and Marty Bicknell cracking the whip, an RIA 'Shark Tank' will bow in Orlando
SS&C solves its Axys problem -- for now -- by acquiring Modestspark
November 2, 2017 at 11:00 PMThe owner of Advent and Black Diamond buys tiny two-person Redmond, Wash. firm that also solves Schwab's PortfolioCenter problem with digital add-on
RIA lawyers cry foul against Bressler, Amery & Ross -- keeper of the Protocol flame -- after Morgan Stanley exit throws sunlight on attorney behavior
November 2, 2017 at 5:26 AMA livid Sharron Ash says she was stonewalled by Bressler, Amery when she called for info after spotting a buried notice that Morgan Stanley was bowing out of the Protocol
John Lynch moves to LPL Financial as chief investment strategist after two decades at Wells Fargo
November 1, 2017 at 12:01 AM