Articles published 11/2025
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Vanguard files to launch 10 bond-ladder ETFs -- managed by its crack in-house bond team -- and ahead of possible window closing to lock in high rates before they could fall
November 27, 2025 at 2:52 AMThe Malvern, Pa., asset manager is expected to bring lower rates, do it well and take on a duty RIAs often assume
AssetMark introduces 'access' to private funds, including a Carlyle private-credit fund Morningstar flags for high fees that could 'steer' managers toward undue risk
November 26, 2025 at 5:21 AMThe Concord, Calif., TAMP is also adding single funds from KKR, StepStone and Apollo -- all with fees of 200 basis points and up.
Fidelity shifts course -- and gears -- on RIA leadership by naming a head of the RIA and a head of clearing business to fill the role held singly by departing, technology-focused Rohit Mahna
November 22, 2025 at 3:07 AMThe Boston company's clearing custody grew to $5.1 trillion from $3.5 trillion under Mahna's leadership as head of client growth, where technology took priority, but two relationship managers are taking his place.
Schwab is ending six-year hiatus of ETF platform fees -- possibly with a bang; ETF OneSource was a winner made obsolete by Chuck's 2019 zeroing of commissions
November 19, 2025 at 10:10 PMThe Westlake, Texas brokerage could take as much as 15% of revenues from $2.4 trillion of exchange traded funds on its platform. Vanguard remains a question mark.
Fidelity unit warns of 'massive outages across major Fidelity platforms,' in new lawsuit, unless Broadcom walks backs threat to terminate software subscription without price spike
November 18, 2025 at 3:57 AMFidelity Technology Group is suing and seeking an injunction against the Palo Alto software maker in a festering contract dispute to prevent dire outcome that would stop most RIA client servicing in its tracks
Schwab forges ahead into private investments with Forge Global acquisition, but risks may outweigh benefits for clients and the RIA industry
November 15, 2025 at 5:13 AMNotoriously fraught private-share markets represent more downside -- and less upside -- than average investors imagine.
After five-year rest, two-year ramp-up, Bill Harris 'launched' RIA Evergreen Wealth to mass-customize portfolios with a not-too-hot, not-too-cold blend of call center humans and ‘AI’
November 14, 2025 at 1:49 AMThe 69 year-old got the RIA to $100-million-plus of AUM before Oct. 1 launch, and uses AI-enhanced humans on telephones to beat rivals with speed and fearlessness.
Rick Wurster explains his first M&A deal in RIA terms and uses data points to bolster his case that Charles Schwab's 46 million client accounts can dominate private share markets
November 13, 2025 at 2:39 AMThe Schwab CEO, interviewed by Wall Street from IMPACT, made RIA needs and reach central to his Forge Global purchase value proposition
Fresh off bagging a $129-billion Merrill Lynch team, a new partnership merges recruiting and M&A to forge a holistic path to freedom for $1B-plus breakaways; Lou Diamond explains in an RIABiz Q&A
November 11, 2025 at 3:26 AMDiamond Consultants and Dynasty Financial's bank will create a place that offers 'unconflicted' advising between taking a wirehouse recruiting check and a buyout offer.
JP Morgan hustles Plaid for a deal in bitter fight over 'free data,' with Wells and PNC encouraged, while Fidelity, Schwab also force fintechs to pay up or pound sand as part of 'deeper battle'
November 8, 2025 at 2:30 AMEmboldened by Trump's consumer-protection animus and the sheer value of their data, big banks like Wells Fargo and PNC are making their moves -- with free-enterprise justifications to go along with cyber security concerns many view as legit
Rick Wurster hopes acquiring private shares marketplace for Schwab on the cheap will help RIAs sell pre-IPO shares, but the firm burns cash, and needs dire automation, distribution upgrades
November 7, 2025 at 2:42 AMThe Schwab CEO is spending just $660 million for Forge Global, but says 46 million client accounts and $11.6 trillion in client assets will turn it into a strong distribution platform.
Michael Kitces is asking 'serious questions' about whether XY Planning Network should keep Schwab as its exclusive RIA custodian for 2,000 firms after 'slap in the face'
November 6, 2025 at 2:16 AMKitces, the self-professed 'strongest advocate' for Schwab custody, now thinks Schwab is doubling down on a business model with 'striking parallels' to his own, heedless of his loyalty.
After July 'launch' fizzle, Schwab kicks off annual IMPACT event by relaunching RIA-prospect 'superhighway' -- with less rhetoric and wider net to attract more clients
November 5, 2025 at 3:32 AMAdvisor ProDirect was quiet out of the gate after experts raised concerns about sky-high price and conflicts, but those concerns still remain, they say.
Salim Ramji makes appeal to shareholders of two Vanguard index ETFs to re-classify them as 'non-diversified' -- to keep them diversified, but not 'synthetically'
November 1, 2025 at 1:09 AMThe Vanguard CEO posted a letter with brokers ahead of a [Tues.] Nov. 4 vote that came about because fund holdings like JP Morgan are too technically concentrated for the SEC -- forcing expensive 'synthetic' holdings to stay in compliance
