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SS&C overlords culturally shock Black Diamond RIAs in Chicago with heaviness and wow them with well-funded competency

'Intense' SS&C CEO Bill Stone let 1,000-strong attendees know they are part of $500-million cash cow not afraid to make strategic purchases

Author Guest Columnist Tim Welsh September 15, 2017 at 7:10 PM
Admin:
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Bill Stone: We are investing $150 million cash in R&D every year.

Related Moves

DPL Financial makes 'happy thing' hire of Rachel Cameron, the Black Diamond alumna who wired as much as 40% of all their net flows

The Louisville, Ky., annuities supermarket credits her with having the vision to rid the held-away-asset stigma from annuities.

December 13, 2022 at 1:21 AM

Oisín's Doubletakes: Clara Shih returns to Salesforce after 11-year hiatus • Focus reloads for M&A with $500 million debt raise, taking its credit north of $1.5 billion • Goldman Sach's 2020 partners list looks less homogenous -- even 'accretive' of women

Former HearSay CEO returns to her mother corporation • Focus Financial Partners debt levels soar 50% on fresh debt issuance • Goldman adds diversity, but snubs Marcus partnerships

February 6, 2021 at 2:39 AM


Mentioned in this article:

Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf

SS&C Technologies
Trading/Rebalancing
Top Executive: Bill Stone

Technology Tools for Today
Consulting Firm
Top Executive: Joel Bruckenstein

Quovo
Portfolio Management System




Stephen Winks

Stephen Winks

September 16, 2017 — 12:08 AM
We are getting close to the point where the major wire-houses cannot rationalize their cost structure, value proposition and expert advisory services rendered relative to the capabilities of the individual RIA. Wall Street and the roll-ups need to wake up in their support of advisory services or risk becoming irrelevant. It used to be the major firms were market leaders in advisory services, but culture and insularity seem to increasingly make innovation not possible. SCW

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