Articles published 5/2018
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LPL Financial is latest to go the 'risk number' route by signing deal with LifeYield, which signed a Riskalyze deal in February
May 30, 2018 at 8:14 PMThe Fort Mill, S.C.-based IBD will use the software to help advisors arbitrage between taxable and non-taxable accounts to minimize the bite of the IRS
Jud Bergman defines 'stupid' and post-'stupid' eras at his firm after Raymond James analyst dares to unearth the Yodlee question
May 29, 2018 at 11:03 PMThe Envestnet CEO's rebuke, embracing the synonym for imbecilic and unintelligent, showed how raw feelings got in 2015 with the firm's purchase of Yodlee for about $600 million
Focus Financial files for IPO to raise $100 million, with 'interesting' timing
May 24, 2018 at 5:15 PMPrivate equity bought the New York-based roll-up a year ago and its revenues are growing about 20%
Vindication stays sweet for UBS breakaway with hire of portfolio manager with $300M book
May 24, 2018 at 2:26 PMEx-Stifel Nicolaus global manager returns to New England as CIO of Boston-to-the-bone trust
May 24, 2018 at 12:59 PMMindful of 'Snapchat' dynamic, BlackRock takes big Acorns stake after the micro-robo wins 2.2 million investors in 12 months
May 24, 2018 at 3:28 AMThe $6.3-trillion asset manager led the $50-million round to ensure a foothold at LA-based firm with an app that onboards 6,000 investors daily
Vestwell makes hard-charging payroll startup, Namely, its portal to win plan sponsors for RIAs and IBD reps it services
May 22, 2018 at 8:13 PMCEO Aaron Schumm is helping advisors get the benefit of feet already wedged in doors thanks to pervasive payroll service apps
LPL shares skyrocket near to $72 after signaling to Wall Street a cheaper, better way to lure assets and advisors
May 22, 2018 at 4:12 PMThe Fort Mill, S.C.-based firm may cut salaries and commissions to recruiters and give advisors more benefits directly
UHNW Atlanta family office takes on ex-GenSpring relationship manager in advance of Florida push
May 21, 2018 at 9:56 PMUHNW Atlanta family office takes on ex-GenSpring relationship manager in advance of Florida push
RIAs and RIA vendors churn talent madly in March and April '18 as 'New Moves in the Biz' captures 35 of them
May 18, 2018 at 9:23 PMSerial HR moves by Raymond James, FinMason, American Century and Vestwell helped them expand into new territories, add job descriptions and more varied product lines
Envestnet quietly deals rivals in on Yodlee play to placate big banks and their latent threat of 'oblivion' in response to 'screen scraping'
May 17, 2018 at 7:24 PMThe Chicago-based outsourcer orchestrates a Yodlee/Morningstar/Quovo show of force in response to vulnerability to 'throttling' by mega-custodians
As Salentica settles into life as SS&C's fair-haired CRM, downsides of being a sheltered software child are also apparent, critics say
May 15, 2018 at 5:26 PMBlack Diamond and Advent are still in reach but the firm's appeal to smaller fry in need of low pricing is more limited
A maverick RIA and a bank walked into a bar in 2006, 2011 and 2014. It's all settling out in a 2018 M&A & spin-off pub crawl
May 14, 2018 at 8:05 PMBoston Private lets a $9-billion RIA buy itself back to free up cash to be used to roll up more bank-minded wealth managers this time around and Peter Raimondi is back in the game
Downmarket Redtail hustles at 'crazy pace' to steal march upmarket as CRM rival Junxure wires merger and Salesforce relaunches as an off-the-rack product
May 10, 2018 at 9:00 PMThe Sacramento-based CRM firm moves to 'Transaction Alley' in Atlanta from the Georgia 'burbs to attract urbane engineers
Why exactly Northwestern Mutual bought a digital darling for $250 million, shut it down, orphaned its customers and declared progress
May 9, 2018 at 9:23 PMWhen the Milwaukee-based mega-insurer relaunches in six months, the one aspect certainly subtracted from the mix will be the cash-draining 8,000 mass market customers
TD Ameritrade scores sweet exclusive deal with Vanguard that includes RIAs managing otherwise self-directed 401(k) accounts
May 8, 2018 at 12:40 AMTo make up ground, Vanguard Group also partnered with Newport Group
Nick Savasta takes helm of Mercury Capital's RIA after leaving firm anchored by Dell wealth
May 7, 2018 at 12:31 PMDerek Bruton joins Keith Gregg as Chalice Wealth Partners makes urgent Dynasty-lite bid bolstered by $4.5 million and Aaron Schumm
May 4, 2018 at 10:30 PMThe two San Diegans of LPL and First Allied fame are hungry for success and redemption after a few stop-and-go years
LPL Financial pulls pricing lever after Bill Hamm moves to yank $12 billion and 500 advisors off the IBD's line
May 3, 2018 at 10:01 PMThe CEO of Independent Financial Partners will take 12 months move the asset trove to his own broker-dealer giving LPL time to woo reps looking for the door
What to make of a $239M-AUM RIA dwindling to $191M then suing Schwab for $100M as the alleged cause of the asset hemorrhage
May 2, 2018 at 9:06 PMEd Butowsky says the San Francisco-based custodian played politics illegally by using a beltway scandal involving murder, WikiLeaks and collusion as a smokescreen to steal his clients
