Michael Kitces blasts Investopedia for squeezing free advice out of RIAs and the advice super-site responds
The industry blogger says the routing of web traffic and its monetization works for the publication, not fo advisor practices
Related Moves
Known for his high 'emotional quotient,' Jason Lahita rides solo, again, as a PR guru; this time, he's selective and looking for a few good non-robots
The Los Angeles RIA PR pro is launching a company called StreetCred from a backyard outbuilding with a mindset of finding clients who click with him
September 16, 2020 at 6:00 PM
Alan Moore is the No. 2 busiest man in the RIA business and he just convinced the No. 1 busiest man to budget $200,000 to hire a 'rockstar' to replace him
Alan Moore is CEO of both XY Planning Network and AdvicePay -- and he has three young kids; Michael Kitces agreed to let him hire a full-time replacement CEO for AdvicePay -- with some giant reqirements for the new exec.
February 14, 2023 at 3:15 AM
Five RIA Doubletakes: An RIA-only law firm breaks away • Kitces launches picker of 'best of breed' RIA software bundles • Vanguard targets 2070 just as media targets TDFs • SEC fishing for RegBI Scofflaws, including RIAs • CFP appoints first African-American chair
RIA Lawyers will reject RIA custodians• Kitces Nascar montage is now interactive and helpful • Vanguard's super long TDF draws critics• SEC supply lines are stretched with new battle front • Kamila Elliot is ex-DFA, diverse and calling CFP shots
January 12, 2022 at 3:13 AM
Michael Kitces and Adam Birenbaum are now on the same $50-billion Buckingham team after the blogger called the young CEO with a multi-pronged proposal
Kitces is leaving Pinnacle - after 17 years - for fewer conflicts and more opportunity
March 12, 2020 at 1:45 PM
Kitces.com
Consulting Firm
Top Executive: Michael Kitces
Stephen Winks
Where does the customized private labeling of advisory services marketing content fit into the equation? With Fiduciary duty now codified and differentiated from brokerage, the marketing needs of advisors can be greatly enhanced by the packaging of the advisor’s value proposition as opposed to product packaging. It seems that neither Kitces or Investopedia are geared to the practical marketing needs of the advisor which better inform the investing public. Though Kitces is a highly credible and invaluable resource in the support of advisory services— in an industry which does not acknowledge or support fiduciary duty, if such support were created around an authenticate codified prudent process it would immediately be transformational reordering the industry around well defined and readily manageable advisory services presently not well articulated or supported. Great opportunity for all, especially the consumer.
SCW
Jack Waymire
How is Investopedia better off? More traffic and a new service that does not cost them anything. How are investors better off? Free answers to financial questions. How are advisors better off? The answer is more complicated. An advisor is NY answers a question for an investor in CA. Or, the investor asks a question and is served up three different responses – result is confusion. Or, does the advisor get the investor’s contact information. This Investopedia service may have more value in the future when more investors embrace virtual advice and location does not matter.
