Articles published 11/2016
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How Aaron Klein plans to make Riskalyze the epicenter of the RIA business with $20 million of fresh private equity money
The CEO startup already has 15,000 users but now he sees the Risk Number as the skeleton key for unlocking robo potential by eliminating two-tier, two-business problem for B2B robos
November 30, 2016 at 10:08 PM
How Donald Trump jolted Sallie Krawcheck out of sexism denial, maybe, and the startlingly retro remedies she prescribes for young women
'Getting it' before and after Trump's upset victory takes on different casts, but the 'real key' to gender equality remains the same: get rich by investing well, says Krawcheck
November 29, 2016 at 8:16 PM
Once RBC's RIA face, Craig Gordon returns to the Minneapolis-based custodian psyched about City National purchase and NextCapital deal
Gordon is betting his career on the premise that RBC has gotten its act together in the two years he was away
November 28, 2016 at 8:58 PM
MarketCounsel texts like crazy to get and keep its white hot speakers, Priebus and Scaramucci, nailed down
The speaking time slots for these Trump power brokers are elusive but the boys are coming to Brian Hamburger's Florida event -- perhaps with knives drawn for the DOL rule
November 25, 2016 at 8:55 PM
Why I am incautiously thankful on Thanksgiving eve -- and especially with regard to the RIA business
The election and the on-again, off-again lurch toward a more DOL-rule-compliant financial advice world are bruising but the process itself is still doing its job
November 23, 2016 at 9:36 PM
Abigail Johnson to succeed her father as head of the board -- but will her leadership style resonate in a company seeking a new true north?
CEO since 2014, 'Abby' now heads a 401(k) king amid DOL hell and a mutual fund leader as ETFs take over at a giant company at a time when small and agile wins the race
November 22, 2016 at 7:17 AM
Almost-confirmed reports had Ron Carson bolting LPL for Cetera as part of a $35-million shake-up of his RIA; 92 hours later the silence is deafening
The $2.6-billion AUM defection by the LPL rep icon was widely reported, tacitly confirmed, then unconfirmed and remains in a cone of silence
November 21, 2016 at 11:56 PM
RBC Wealth Management adds NextCapital to its robo lineup with a head-scratching explanation about its earlier pick of FutureAdvisor
It appears Rob Foregger's robo-come-lately has leapfrogged its bigger, better-funded automated portfolio offering -- although the 'why' of it is open to interpretation
November 21, 2016 at 6:51 PM
Commonwealth Financial will reverse course on commissions if DOL gets reversed
The Waltham, Mass. IBD's stance jibes with Wayne Bloom's earlier message of regulatory risk and reward as Merrill Lynch stays mum
November 18, 2016 at 6:02 PM
Why the LPL-Schwab merger rumor making the rounds makes more sense the harder you look
The Boston- and San Francisco-based companies each lead independent channels and redundancies are scarce
November 18, 2016 at 1:15 AM
What to make of how Wells Fargo and SigFig are cooking up an unprecedented cross-sell of wealth management to retail bank customers
The deal, unlike some others by SigFig, is not to aid W-2 or 1099 advisors of the (Wells Fargo) wirehouse or bank, but to compete for assets on an open battle field
November 17, 2016 at 10:05 PM
How Barron’s 'Next' lays bare the tail-wags-dog sponsored content predicament facing financial journalism
The web-only Dow Jones publication for wealth-seeking, 'coddled' millennials chums its site with brands under bylines in search of millennial bites as media mavens wonder if the under-40s will accept it, notice it or have enough money to act on it
November 16, 2016 at 9:21 PM
Valerie Brown finds her CEO in UBS ex-prez Jamie Price off the obvious radar screen
In search effort the Advisor Group executive chair looked past kiss of death on the Price résumé and saw the digression off the corporate path as a positive
November 16, 2016 at 12:17 AM
The odd and open courtship between the SEC and robo-advisors plays out again -- this time at an SEC-hosted webcast panel in Washington, D.C.
Mary Jo White introduced a forum with representatives from FutureAdvisor, Betterment and Personal Capital who mostly just nodded in assent at each other
November 15, 2016 at 10:22 PM
Yale endowment's performance comes in like a lamb again -- even as David Swensen is lionized in the pages of the NY Times.
With the boom years figured in, endowment manager Swensen is still an all-time winner but in spite of the past decade
November 14, 2016 at 6:58 PM
The DOL rule is DOA -- and that's just the beginning, says RIA champion Brian Hamburger, law school chum of odds-on chief of staff Reince Priebus
Another Trump advisor, hedge fund biggie Anthony Scaramucci, says the DOL rule is a goner along with other post-'08 consumer firewalls -- but fiduciary advocates see one last bulwark: BICE
November 11, 2016 at 5:29 PM
Cetera's giant software buy shows how eMoney's founder could prove a thorn in the Fidelity side $250 million later
MoneyGuidePro's Kevin Knull credits Edmond Walters for helping sell Cetera on doubling down on MGP planning software
November 11, 2016 at 12:20 AM
The spoonful of gamifying sugar a 33 year-old CEO took to make the boomer-ethos T3 conference go down and the robo-bonobo mentality that she observed
As Min Zhang put her millenial self in the shoes of a small IBD owner, anxieties multiplied and solutions seemed scarce
November 10, 2016 at 6:26 PM
LPL shares spike despite CFO downplay of buyout prospects as CEO Mark Casady reveals 'large programs' at banks are kicking LPL tires
DOL rule spurs banks that seek to ship broker-dealer business its way to counterbalance DOL downers
November 9, 2016 at 9:25 PM
Joel Bruckenstein settles suit with Bill Winterberg
The rare internecine RIA dispute caused a wound that can now begin to heal
November 8, 2016 at 11:30 PM
One security lawyer's unvarnished take on DOL's 34 answers to 34 questions and what unsettles him about them
The 24-pages of government-speak only make a dent in comprehending the 1,000-page rule -- and the DOL says there's more guidance on the way
November 8, 2016 at 6:46 PM
Why exactly a $2.2 billion RIA hybrid abruptly dumped LPL for Securities America -- and Schwab, Fidelity and TD Ameritrade
Besides cost savings of using diverse custodians, WealthPlan gets past 'crippling workflow' by forming new partnerships with Orion, Salesforce, eMoney and Advisory World
November 7, 2016 at 7:50 PM
Vanguard set to launch geek-spirited think tank in heart of Philly as its 'robo' (that really isn't) hits $47 billion of AUM
The 'innovation center' adds to CEO Bill McNabb's theme of Google emulation and perches at the nexus of Penn, Drexel, Temple and other local universities
November 4, 2016 at 9:09 PM
Why the DOL's Draconian and premature interpretation of its new rule is the 'end of the world as we know it' for wirehouse recruiting but a bonanza for the RIA business
Last week's DOL Q&A cast an immediate chill on wirehouses whose back-end-loaded incentives meant to jack up sales production have essentially been outlawed
November 4, 2016 at 4:02 PM
Bill Gross jumps back in the 'total return' game, first with a one-client, $100-million SMA, he tells P&I, but with a mutual fund on the way
The famed ex-PIMCO manager, 72, feels constrained by his' unconstrained' bond fund and wants to go -- despite analyst skepticism -- after the category that once put him atop $300 billion of assets
November 3, 2016 at 8:15 PM
With DOL wind at its back, Pentegra Retirement Services hires David Barrer to newly created TPA czar position to sail past its $11-billion AUM watermark
Barrer will apply his 32 years of ERISA retirement plan experience for dead reckoning navigation of 'yet to be determined' liability under the new fiduciary rules
November 3, 2016 at 5:45 PM
This time LPL share jump is traced to E*Trade
Critically late to the advice game and at loose ends after TD-Scottrade union, the New York-based discount broker has a lean and hungry look, according to Dealreporter
November 2, 2016 at 4:29 PM
Buyer scoops up BrightScope using Genstar capital
The once-brash Alfred brothers sought out Strategic Insight as the DOL rule comes thundering toward their 401(k) herd
