TD Ameritrade paves the way for breakaway books of business to transfer intact
PlaceMark deal modifies unified managed account platform so advisors can plug in their former wrap managers
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Bill Crager shuffles the deck on management team created just seven months ago: Tony Leal is out of 'Big Three' inner circle, replaced by Morgan Stanley vet Rose Palazzo
The RIA software 'trailblazer' and co-founder of MoneyGuidePro has been working on departure for a year; will transition to a 'consultant,' company says
January 7, 2023 at 1:50 AM
Biz Briefs: SEC cracks down anew on RIA reverse churning ~ Envestnet borrows $350 million to buy its own stock ~ Fidelity is creating a crypto waiting list while exec questions crypto ecosystem
Fed up SEC is ready to take on all nonsense at once; stock shocks, Orwell's new name game; Fidelity hosts a line dance
November 18, 2022 at 2:56 AM
Apex nabs Jon Patullo from 'Schwabitrade' to 'raise the bar' and make his new firm's RIA system as 'frictionless' as the old one
The loved and admired TD Ameritrade software chief will bring his playbook -- and possibly Schwab's -- to Apex, which continues to try putting a winning front-end on its old Penson backend, a source says
October 11, 2022 at 12:40 AM
Envestnet just named an ESG head to meld 'wellness,' 'The Intelligent Financial Life' and 'sustainable investing' into a single nirvana -- that starts outside of the product realm
Ron Ransom earned CEO Bill Crager's trust as chief business development officer and now will define how Envestnet conducts itself as a global citizen and vendor of wellness.
July 27, 2022 at 2:27 AM
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Envestnet Inc
TAMP
Top Executive: Jud Bergman
Craig Iskowitz
The market share of UMA increased almost 100% from 2009 to 2010. It’s still only 6% of managed account assets, but if this kind of growth continues, UMA could outpace SMA and become the dominant product.
Here’s a good article that describes how one sponsor helped to drive the growth of UMA’s: JPMorgan Doubles Model SMA, UMA Business in 2010, which you can read here: http://wp.me/pPor1-56
