Cetera Financial shores up its technology as it prepares to take on LPL for big hybrid RIAs
The face-lift of the old ING broker-dealers is starting with a big investment in Advent Software
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LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold
Tiburon Strategic Advisors
Asset Manager for RIAs
Top Executive: Charles Roame
Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law
Jeff Spears
Many large RIAs are considering switching from Advent. The reason is embedded in this article. It takes too many support people to implement and maintain Advent.
Frederick Van Den Abbeel
Mr. Grist is a very resourceful fellow. I worked with him when he was with Schwab Institutional. I believe any Hybrid Platform that allows a single-signon and consolidated statements (without sacrificing advanced RIA Trading Capabilities) will win. I believe some of the custodians platforms supporting RIA firms still cannot handle commission-based trades on one system. Efficiency in integrating both might be key. The integration is a trait I’m often asked when speaking with a Hybrid Advisor interested in TradePMR.
