Articles published 6/2015
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LPL taps the man who saved Morgan Stanley's bacon to take service to a Schwab RIA-level echelon
Tom Gooley sacrificed 36 weekends and a happy home life in Larchmont to smooth the way for 15,000 stockbrokers in the biggest wirehouse merger ever
June 29, 2015 at 6:33 PM
At Morningstar, Sallie Krawcheck blasts her own [presumably ex-] financial advisor -- and herself
What the serial ex-wirehouse chief left dangling was her future and whether she will launch a Ellevate robo for women
June 26, 2015 at 4:16 PM
How a software-flummoxed ex-Merrill Lynch private banker set up shop, invented his own dashboard and is selling it to top RIAs
David Benskin is bringing on talent from eMoney, Black Diamond and Envestnet to grow Wealth Access
June 25, 2015 at 5:13 PM
James Osborne makes a waiting list part of his new RIA's business model after 18 months -- with client care and mountain biking in mind
The solo advisor has achieved an Eden of RIA simplicity that Deborah Fox counsels caution about -- along with congratulations
June 24, 2015 at 3:09 PM
CalPERS's hatchet man, Ted Eliopoulos, goes on a manager firing spree, shaving hundreds of millions in management fees -- but is it enough?
For its most recent fiscal year, the pension giant paid $1.6 billion in fees, with close to 90% of that money going to the real estate, private equity, and egregiously pricey hedge fund managers
June 23, 2015 at 3:04 PM
An insider reveals turbo-contents of the In|Vest conference in New York, a summit of VCs, robo-founders and big banks
SigFig's Mike Sha talked Bank of the West, Motif's Hardeep called start-ups 'features' and the five-year number jumped to $2 trillion
June 22, 2015 at 4:02 PM
Schwab's robo for RIAs is set to launch in next 10 days, to delight of online forerunners
The San Francisco custodian's Institutional Intelligent Portfolios is expected to legitimize the robo concept but significant unknowns remain
June 19, 2015 at 6:02 PM
Pete Hess will shop for software firms to build in-house Black Diamond bundle
The Advent CEO says his firm, under SS&C ownership, will consider buying CRM, financial planning and rebalancing firms
June 18, 2015 at 2:45 PM
First Republic buys an eight-year-old RIA for $115 million
The BoA spin-off gets Paul Tramontano's Constellation Wealth Advisors and its $6.1 billion of assets
June 17, 2015 at 4:12 PM
Black Diamond partners with MoneyGuidePro to create a turnkey product
David Welling also adds Salesforce, Redtail and Junxure to a bundle that mimics Tamarac and Orion in creating foolproof integration
June 15, 2015 at 3:30 PM
With Tom Bradley heading a new high-net-worth effort, TD Ameritrade will compete with RIAs, at least obliquely
The Omaha-based broker will use the ex-RIA chief to go after $1-million-plus accounts
June 12, 2015 at 10:38 PM
Why proper spending order is critical, to the tune of 70 bps, for RIAs to optimize client draw-down of retirement savings
A senior Vanguard analyst lays out a logical, if counterintuitive, method by which to extend savings
June 12, 2015 at 5:04 PM
After growth dip, BrightScope takes a whirl at mutual fund data -- but in a way that Morningstar claims it bypassed
The La Jolla RIA-tracker will gear data toward the 401(k) market and knock down a paywall
June 11, 2015 at 7:09 PM
Vanguard Group, set to gather $300 billion in 2015, is crushing it on every level but could it succumb to its own success?
The Financial Times points out that too-big-to-fail is coming into play along with growing channel conflict and investors (a big maybe) sated with passivity
June 10, 2015 at 6:28 PM
Casting a marketer's eye on Pershing INSITE, April Rudin pleads with promoters to tone down the digital doublespeak
Digital enablement of mobile robo-automation? The consultancy veteran expresses frustration as she tries to translate opaque, self-important terminology
June 9, 2015 at 10:46 PM
Why Wall Street's DOL killer threat -- that 'millions' of IRA investors will go unadvised under new rules -- is hogwash
Investors already have options and Wall Street's withdrawal, already in progress, can only improve investor outcomes
June 8, 2015 at 10:29 PM
At INSITE in Orlando, Pershing outs its robo-religious conversion complete with open API store, Silicon Valley and India skunkworks, Marstone robo deal and unabashed digi-speak
Mark Tibergien says Pershing has gotten BNY to chum the RIA waters with loans and anticipates a 'flood' of billion-dollar wirehouse breakaways
June 8, 2015 at 7:34 PM
After Schwab and Betterment catch up to Wealthfront's AUM, the Palo Alto robo pioneer makes a stunning hire
Facebook's former design chief will use millennials as an acid test but she's designing for a broader market
June 5, 2015 at 6:04 PM
Michael Kitces attacks CNBC for its top-100 fee-only list because so many listed RIAs disclose non-fee comp on their ADVs
The New York-based news organization fires back by encouraging a closer reading of its methodology
June 4, 2015 at 7:45 PM
McKinsey: Robo-advisors have a cloudy future but 'virtual advice' delivered by 24-hour super-centers with experts and algorithms will win the day
Using ChinaTrust’s 'Air Financial Advisor' and Itau’s 'Personalite' service, Schwab -- even E*TRADE -- as examples, the global consultant says the future will splinter 'digital' and 'automated'
June 2, 2015 at 11:58 PM
Morningstar throws more money -- and loses one of its own -- at keeping its stake in a Bloomberg-lite venture intact
The bullish Chicago data company leads a fourth round of funding for YCharts and one of its managers left to help the start up
June 2, 2015 at 5:03 PM
LPL poaches E*TRADE's CFO and turnaround specialist as its chief financial officer
Matthew Audette, 41, is moving from New York to San Diego and will begin his new job in late September
June 1, 2015 at 10:33 PM
Why as a self-employed RIA I love my individual 401(k) -- really
With no discrimination testing necessary, I reap the rewards without toting the baggage
