Articles published 4/2018
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Ric Edelman's RIA empire to merge with legacy The Mutual Fund Stores in $3-billion deal that takes Financial Engines private
April 30, 2018 at 11:57 PMHellman & Friedman stake the eye-popping sum in cash to outright own an RIA with nearly $195 billion of AUM including robo-advised 401(k) assets
Vanguard's 401(k) recordkeeper, Ascensus, gets set to roll up a world of third party administrators to create a small plan superpower
April 27, 2018 at 5:46 PMWith recent Great-West poach and David Musto running the show the Dresher, Pa.-based TPA adds 14 firms in 16 months and sets sights on dozens more, as roll-up strategy takes flight
A higher bidder ripped WealthTouch from Craig Pearson's grasp but his startup could rip the clients, free of charge, right back -- and leave Addepar gasping
April 25, 2018 at 6:27 PMAfter his noncompete expired, the founder and CEO of Private Wealth Systems is welcoming old UHNW managers whose language he speaks
In robo-CEO vs. Twitter gadfly battle, it was no contest as Wealthfront's Andy Rachleff does 'ultimate flip-flop' without tweeting a reply
April 25, 2018 at 12:03 AMThe $10-billion robo-advisor may weather 'PR nightmare' but not thanks to Rachleff's 'Vanguard' explanation, critics say
Edelman exec signs on with Cary Street as it stretches its 401(k) and corporate reach
April 23, 2018 at 12:50 PMAs Thomas H. Lee Partners asserts itself, Dave Pottruck steps down as chairman of HighTower's board of directors
April 20, 2018 at 7:01 PMThe early investor and ex-Schwab CEO is giving ground to the new ownership
After losing Lee Kranefuss and raising $10M, 55ip gets RIAs to buy Ph.D. smarts, though a critic calls it gussied-up market timing
April 19, 2018 at 10:38 PMGuided by an ex-Financial Engines ringer, Paul Gamble, the New York startup is now portfolio modeler for $100 million
Capital One flunks 'RIA' bid with stunning rapidity but gets an A for 'failing fast'
April 18, 2018 at 8:56 PMThe McClean, Va.-based credit card company bought advisory firms, put a head-hunted Wells Fargo big shot in charge, hit the $10-billion mark -- then got the hell out
Young SageView fiduciary chief tasked with standardizing practices across 23 offices
April 17, 2018 at 7:53 PMHighTower Advisors lands $4.5-billion RIA with help from bigger, better checkbook
April 17, 2018 at 3:25 PMThe Chicago RIA roll-up adds 45-employee Salient with T.H. Lee omnipresent in shepherding the UHNW deal
Five fully pregnant email subject lines and how they make investors open your RIA newsletter
April 16, 2018 at 7:10 PMA standout attn: line is a must to get clicks and reads yet often gets treated as optional
Advizr CEO reveals just how the lift-out of four Morgan Stanley breakaway engineers leapfrogs his plans ahead
April 13, 2018 at 7:48 PMHussain Zaidi sees greenfields opportunities at small IBDs and Fortune 500 firms where planning software alone doesn't make the grade
LPL Financial wages 'war' on Cetera, Securities America and Kestra after they pounced on NPH advisors in wake of sale
April 12, 2018 at 6:39 PMUnheard-of packages, tight targeting and unusual timing rock recruiters who marvel at the competitive behavior that has Bill Morrissey escalating an epic battle
Orion buys $10-billion TAMP to take on Envestnet and AssetMark head-on for mega-accounts
April 11, 2018 at 2:03 PMOmaha, Neb.-based NorthStar division is buying FTJ Fundchoice to launch Orion Enterprise after painful losses in bidding for business with large RIAs and IBDs
Jeff Maurer poached his RIA from zero to $7.5 billion in nine years but now comes M&A
April 10, 2018 at 5:34 PMThe ex-US Trust CEO has seen Evercore Wealth growth rates taper since a lightning start; now the hard work is done he sees deals on the horizon
Cary Street hires ex-CEO of regional bank wealth advisor in Virginia's Tri-Cities area
April 9, 2018 at 5:50 PMWhat Tom Bradley's first post-TD Ameritrade gig says about him is interesting and his specific MaxMyInterest robo mission, more so
April 9, 2018 at 5:32 PMThe non-competed New Jersey exec gets a piece of the action and much boils down to signing a wirehouse, an RIA custodian or an LPL
Judge shows Howard Present no mercy then verbally shreds him after the F-Squared founder 'fails to understand the wrongfulness of having misrepresented the strategy'
April 5, 2018 at 11:22 PMU.S. District Judge Sorokin wants the public record to show -- in no uncertain terms -- that ex-CEO is a high risk to commit further violations
Latest Halite hires: Ex-JP Asset Mgmt. exec and biz development head fresh off Hollywood hiatus
April 5, 2018 at 8:55 PMEvercore takes on another US Trust alum -- an expert in Asian American philanthropy
April 5, 2018 at 8:48 PMMatt Abar hopes three's a charm with FinFolio cloud launch and robo play
April 5, 2018 at 12:08 AMFinFolio finally goes 2.0 and gets $20-billion assets bump, but there's a lot of ground to make up
Merrill Edge eases Bank of America's transition to a post-wirehouse world
April 3, 2018 at 8:32 PMThe Charlotte super bank's plan to add 600 branches builds on success but recruiters say lingering tension between Merrill and Merrill Edge advisors is more of a factor than the bank admits
Returning to Fidelity after eight-year hiatus, Rupal Poltack joins $134B Fido family office division to make it UHNW kid-friendly
April 3, 2018 at 5:43 PMThe senior vice president will help newly promoted Andrew Fay make the unit more paperless, more digital and more a more-likely spot for rich earners and their millennial offspring to chat about money
Morgan Stanley mega-producer's fate in Oregon may become #MeToo movement litmus test on Wall Street after New York Times report
April 2, 2018 at 6:30 PMThe charges against Douglas Greenberg of egregious and unlawful behavior aren't compliance- or even MS-employee related, making them 'gray area' infractions, says a source
