Articles written by Irwin Stein
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Mark Matson's $7.6-billion DFA TAMP exits Schwab custody as it sets $100-billion AUM goal
With 'reset' mindset, Matson Money trains his advisors to meet with investors en masse following a Weight Watchers script
May 10, 2017 at 9:08 PM
A veteran securities lawyer takes contrarian stance that the DOL is still 'suitability' reworded, when boiling its 1,000-page 'rule' down to 16-page 'guide'
In prolix prose, the Labor Department's 'exemptions' sound like fiduciary exceptions; as poems, they sound like suitability-level loopholes
January 18, 2017 at 6:23 PM
Critic calls 'laughable' FSI study that shows only 14% of advisors want DOL rule to stay
The lobby group that sued to stop the DOL rule surveyed 1,300 member stockbrokers -- of whom 71% voted for Donald Trump
December 1, 2016 at 8:43 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
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
BlackRock solicits more regulator scrutiny of robo-advisors, eliciting jeers and a cheer
The near $5-trillion asset manager makes its case for why the robo game is best left to the big boys as critics suggest FutureAdvisor's owner is proposing a solution in search of a problem
October 11, 2016 at 3:46 PM
Cornered by custodial edicts, CONCERT exits RIA business in deal with Arkansas-based white knight
Bill Sowell's first order of business is to keep the advisor crew on board, using as one sop the familiarity of CONCERT's proprietary CRM
September 28, 2016 at 9:18 PM
Reality closes in on Felipe Luna as TD and Fidelity move to cut the cord, he goes off BrokerCheck and his $2 billion RIA gets shopped
Recent SEC woes are forcing the hands of owners of the 'wirehouse-lite' platform that allegedly raised capital in an improper fashion
September 20, 2016 at 4:42 PM
In new wrinkle, ERISA complaint of Edward Jones employees centers on failure to offer yield-chasing money market alternative
The 401(k) lawsuit in the name of 38,000 participants resumes the parade of lawsuits against the giant broker-dealer based on revenue sharing arrangements
September 6, 2016 at 6:04 PM
FINRA shifts an unwelcome spotlight away from itself -- by training it on the brokers it oversees
The embattled SRO is spending $3.5 million to advertise BrokerCheck and is requiring its front-and-center placement on firms' websites as public demand for heightened fiduciary care grows
August 17, 2016 at 8:05 PM
CONCERT attracts $1.7 billion of 'AUA' after its AUM attracts the unwanted attention of the SEC
The SEC found that the 'wirehouse lite' company was light on truth about its AUM and made it pay
August 4, 2016 at 10:09 PM
How the SEC is poised to hand RIAs the keys to the $1.3 trillion private placement market -- largely at the expense of stockbrokers
Dodd-Frank kicked off a series of events that demanded a more rational way to define the sophistication of investors and who is best able to judge investments that don't have prospectuses
July 20, 2016 at 9:54 PM
Delta employees sue Fidelity for 'illegal kickbacks' from Financial Engines
The case may turn on whether Fidelity, by acting as recordkeeper and administrator, qualifies as a fiduciary and therefore breached its duty as it accepted Financial Engines' advice fees
July 6, 2016 at 6:58 PM
What's up with Mercer blaming 'political pressure,' bad press and even investor bad timing for hedge fund ills
The big NY talent consultant counters the national media's growing attention to the stumbles and pitfalls of these managers of $3 trillion of assets
