Articles published 9/2017
Headline
Publish date
Why RIA clients packed a courtroom on behalf of their young 'Money Guys' advisor facing a lifetime ban
Phillip Rousseaux admits to wanton misuse of the MetLife signature guarantee medallion but says no clients were harmed in the process -- and they came to a Baltimore court in a bus to agree
September 29, 2017 at 10:23 PM
TruClarity -- a 'Dynasty-lite' -come-lately with a Y Combinator-type twist -- hires Dan Cronin and fellow Fidelity alum Shad Besikof to show its true growth intentions
Backed by a Tampa family office that's served as 'incubator' to local firms for 30 years, the slow-starting outsourcer with nearly $1 billion in RIA assets is gearing up to compete with Dynasty and HighTower
September 28, 2017 at 8:07 PM
Power Player: Addepar's Eric Poirier drags RIAs to seek alpha in a beta world even as the advisors demand -- and get -- eMoney and FolioDynamix connections
The Silicon Valley-based CEO seeks to change how RIAs invest by what they can track with a new API and a fresh $140 million of VC money to see it out
September 26, 2017 at 7:31 PM
Hitting home run, Envestnet buys FolioDynamix creating '$2-trillion' super-platform
The Chicago-based giant outsourcer buys its closest competitor for $195 million -- less than what hastily liquidating Actua paid years ago
September 25, 2017 at 11:27 PM
After storming PIMCO, Dan Seivert puts LA on RIA map with high-aptitude Summit
Appropriating the bond giant's Newport Beach headquarters was a masterstroke that took the investment banker's 'deal' event to an RIA MBA cram course
September 22, 2017 at 9:51 PM
A look inside the agonizing decision to cut Tom Bradley from TD Ameritrade and what doesn't seem to add up
CEO Tim Hockey accords Peter deSilva a cultural edge as retail chief though Scottrade only hired him in 2016 -- either way there's 'no place' for Bradley after a 30-year run at TD
September 21, 2017 at 6:31 PM
Louis Navellier ready to present 'extremely strong defense' to daunting SEC fraud charges
The Florida-based mutual fund owner says he advertised using GIPS-compliant material such that: 'I didn't sell this at all'
September 19, 2017 at 12:19 AM
Michael Kitces attacks CFP Board for jacking fees 17% in name of 'strategy' when the certificant is flush with $20 million in reserves
The Board defends murky financials and a 'buried' hike as overdue -- even when it's operating at a $1.3 million surplus
September 18, 2017 at 7:23 PM
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
September 15, 2017 at 7:10 PM
United Capital begins recapitalization and continues repeopling exec ranks -- both prompted by asterisked $6.9-billion of 'contracted' assets
Sydney, Australia's AMP invests 'tens of millions' in the firm but not to pay off existing PE partners whose stakes stayed static
September 14, 2017 at 7:57 PM
Morningstar renders ETF verdict by discontinuing ETF-only conferences after category becomes the Vanguard-BlackRock show
Smaller, newer ETF players are forced to pursue micro-niches and active management -- only to encounter the big players lurking there, too
September 13, 2017 at 5:26 PM
CAPTRUST is a $220-billion RIA 401(k) roll-up but new $20-billion acquisition may wipe clean target set
The Raleigh, N.C.-based rollup did 26 deals in 10 years and finally the firm's old 'friend-enemy' partner, CapTrust was one of the few needle-movers left to make its last 10% inorganic AUM leap
September 11, 2017 at 9:45 PM
Eric Clarke keeps FUSE lit by rebalancing deep-suburbia hackathon with BlackRock and DFA real economiks
The event's subversive air drew the local police, yet again, to the door of the Park City, Utah weekend hackathon
September 11, 2017 at 6:43 PM
United Capital nabs Min Zhang not long after Gail Graham leaves and Larry Shumbres continues a magical post-Schwab ride
The $19.8-billion national RIA in Newport Beach, Calif. makes the ex-Totum Wealth CEO its digital product manager and Shumbres fills the CEO spot
September 8, 2017 at 9:25 PM
Sallie Krawcheck astonishes industry observers by raising another $32.5 million for her robo-advisor -- perhaps on strength of 'unit economics'
Ellevest still has AUM in the $25-million range of a rookie LPL rep but venture angels may be rewarding the 13,000% jump in account count
September 7, 2017 at 9:25 PM
September 6, 2017 at 1:41 PM
Tensions build with OSJs after LPL Financial's 'about face' on held-away RIA assets and forced use of its corporate RIA
Can the Fort Mill, S.C. broker-dealer add 3,200 NPH advisors, make RIAs bend to its will and not break bad with giant partners?
September 6, 2017 at 12:09 AM
The HighTower Advisors 'for-sale' rumors grow to include a named suitor
Source says Oppenheimer is consummating a deal but observers question how HighTower could graft its roll-up onto the aging B-D
