Articles published 1/2018
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Custody fintech, sales and recruitment ace jumps to Trust Company of America from TradePMR
January 31, 2018 at 10:50 PM'Boy Scout' joins $2.6-billion Cleveland RIA to further stiffen its fiduciary spine
January 31, 2018 at 10:41 PMFixed income manager fills newly minted posts in expansion of marketing, client strategy group
January 31, 2018 at 10:31 PMSIFMA helps oust Bressler, Amery & Ross PC after alleged duplicity -- but weak pledge by replacement means 'issue' remains
January 31, 2018 at 7:59 PMKnown DOL-rule naysayer Capital Forensics steps in to keep Broker Protocol list and draws immediate fire for stopping short of promise to avoid conflicts
At Inside ETFs, Vanguard CEO skipped over ETFs to get to a hotter topic -- mass delivery of financial advice
January 30, 2018 at 10:13 PMIn his first public speech, Tim Buckley warned that asset managers no longer have the target on their backs -- but advisors do
What an RIA should make of Wall Street Journal's expose of how Schwab, Fidelity and TD Ameritrade's advice machines steer client assets
January 27, 2018 at 12:43 AMProduct of a six-month of investigation, the Jason Zweig and Anne Tergesen-authored article alleges conflicts at the discount brokers are rife -- but RIA reactions to the revelations are textured
After PayPal demurs, Michael Kitces and Alan Moore launch online payments firm for RIAs
January 25, 2018 at 7:41 PMAdvisors and two Missoula, Mont. angels will fund AdvicePay for increased staffing to sell and service software so that advisors can do billable hours without triggering a custody audit
Mike Alfred also exits BrightScope to follow brother Ryan into cryptocurrency sphere
January 24, 2018 at 4:13 AMWith Mark Casady and Josh Brown as backers, the former BrightScope CEO raised a quick $1.5 million over the weekend, partnered with a third Alfred -- Eddie -- and set about casting light on 1,000 cryptocurrencies for hedge funds
Ron Carson 'arrived' after investing $52 million, grabbing Orion and TD talent and letting his hair down
January 23, 2018 at 7:44 PMPumping out content 'like Netflix' and preparing for an Amazon fee squeeze, the Omaha entrepreneur is set to just keep investing in growth
Greg Friedman buys 'needle-in-a-haystack' Seattle RIA
January 20, 2018 at 12:11 AMWith a much more feminine look, the CEO of Private Ocean can now assault Amazon.com wealth
How a $500-million Commonwealth rep became a $5-billion-plus RIA in two years and where Dynasty's M&A war on roll-ups comes in
January 19, 2018 at 8:19 PMAfter forming his own RIA, moving assets to Schwab and partnering with Shirl Penney's firm, David Root just kept M&A-rolling into 401(k) clover
Chafing under $4 trillion of passive assets, BlackRock CEO warns Fortune 500 CEOs he may bring other activist means to bear
January 18, 2018 at 6:51 PMAlready adding 'factors' and Aladdinizing robo-technology, Larry Fink's 1,755-word missive warns his firm will also invest with good of society in mind
'Influential' exec who helmed Merrill's trainee program and ran its flagship branch will move to Chase as Northeast divisional director
January 18, 2018 at 4:52 PMHow much of SS&C's $5.4-billion buy of DST Systems trickles down to Black Diamond RIAs? Maybe a good bit
January 17, 2018 at 6:54 PMThe mother lode of DST data is expected to salve RIA data aggregation distress as the mega-vendor of data to Advent Custodial Data comes in-house
American Century plumbs BlackRock talent pool en route to launching two ETFs
January 16, 2018 at 10:21 PMNextCapital does $30-million VC round with a staggering objective that's taking shape first with John Hancock
January 16, 2018 at 8:06 PMNearing 100 employees, the Chicago-based robo-advisor blurs 401(k) and retail asset distinctions by making advice factories out of investment product manufacturers
Long-time Mercer principal joins growing Portland, Ore. retirement plan firm
January 15, 2018 at 2:17 PMEric Clarke makes seven big Orion hires that reflect the big check it wrote to Bain & Co. -- including a 'poach' from his brother, Todd
January 12, 2018 at 7:28 PMThe word-of-God consultant told the Omaha, Neb. software maker to build Eclipse, which worked well, and sparked demand for asset management and marketing experts
With hedge fund help, Andy Rachleff buys Wealthfront $75 million of time and swaps out 'robo-advisor' moniker he reviles for his own coinage
January 10, 2018 at 8:12 PMTiger Global PE unit's cash buoys CEO of Silicon Valley who recategorizes his robo as 'software-only' and gives it new life in contending with front-running Betterment
Morningstar makes tough choice in shedding a 'fiduciary' division -- perhaps to avoid a conflict
January 9, 2018 at 8:44 PMOnce primarily a 'research' firm, now more of a 'data' firm, the Chicago-based firm was discordant selling 15(c) board consulting services and sell data into the same market, say experts
Vanguard's new CEO Tim Buckley hints the next move for his firm's RIA's 30-basis-point fee may be down, down, down
January 8, 2018 at 10:22 PMAs the Malvern, Pa. fund giant's VPAS passes the $100-billion mark it doesn't rule out automated advice or greater robo-ization to follow asset management fee play where cost savings get passed along
Parthenon Capital buys Simply Money, adds it to Hanson McCain, and 'presto' a $3.3 billion radio show-based RIA roll-up rises
January 6, 2018 at 1:21 AMThe PE firm already knew principals Nathan Bachrach and Ed Finke who bring $700-million-plus AUM from Simply Money generated largely by their daily broadcast
CAPTRUST dumps Advent and Microsoft, flirts with Tamarac and Salesforce, then hires Black Diamond and Microsoft
January 4, 2018 at 10:56 PMAs CAPTRUST switches gears from its $240-billion 401(k) business to its $6-billion wealth manager, it is forced to make mammoth and wrenching software moves
'New Moves in the Biz' section rises as human assets in RIA business flow
January 3, 2018 at 7:28 PMThe RIABiz micro-stories are diverse. A robo startup star migrates to legacy-land, Sallie Krawcheck hires a CMO, an ex-NBA player bounces out of Goldman and an advisor moves back to Cleveland to put the '& son' in his father's RIA
Greg Friedman pockets maybe $20 million, subtracts one full-time CEO job and goes all in on Private Ocean
January 2, 2018 at 10:28 PMWisdomTree pledges $30 million of cash and 56 year-old seller will pour his energies into building $1.2-billion RIA with new roll-up strategy
