Christopher Van Slyke: That pricing is very persuasive. As fiduciaries we'd have to consider TDA the favorite.

DFA and TD Ameritrade strike 'strategic' deal with potential to shift RIA custody power axis

Tension in the three-way relationship between Fidelity, Dimensional Fund Advisors and the RIAs who use both vendors creates opening for Tim Hockey

8 hours ago by Lisa Shidler

Brooke's Note: What happens in the RIA business when unstoppable force meets immovable object? If the force is Dimensional Fund Advisors and the immovable object is Fidelity or Schwab, DFA goes and makes a deal with a swayable TD Ameritrade. DFA knows that if RIA customers, with ...

1 Comment
John Bunch became No. 2 man at the No. 1 robo-advisor for his human bandwidth.

John Bunch climbs high at Financial Engines as two execs vacate power spots and rollover retail gets accorded higher priority

Former TD retail chief's rise shows what Larry Raffone has in mind for old Mutual Fund Store machinery as Raffone works to make his mark at Financial Engines

April 20, 2017 — 10:43 PM UTC by Brooke Southall

Brooke's Note: The grass is always greener on the other side of the human-robo equation. While traditional RIAs struggle to stay digitally relevant, robo-advisors are striving to keep and/or cultivate that human touch. Robo execs are so over algorithms and guys like John ...

1 Comment
Karen Barr: People know that in the sales process you're not acting in their best interests.

RIA lobby fires off letter to DOL claiming rules aimed at reining in overzealous stockbroker sales pitches chill RIA conversations with their prospects

The IAA's letter to the Labor Department asks that RIAs not get entangled in rules designed to prevent stockbrokers from making misleading pitches

April 20, 2017 — 5:16 PM UTC by By Lisa Shidler

Brooke's Note: The difference between a fiduciary and a non-fiduciary is that the financial advice and the sales pitch of a non-fiduciary amounts to about the same thing. For a fiduciary, the sales pitch is a preliminary communication that -- hopefully -- leads to an advice-giving process ...

7 Comments

Why RIAs should embrace open-architecture target-date funds

The Current Landscape

Designing Glidepaths

Rudy Adolf: A key reason for our partnership is the vision we share for continued growth.

Stone Point and KKR buy Focus Financial for $2 billion by employing massive leverage

PE giants with loans of about $1 billion -- psyched that the roll-up's roll flow is snowballing in 2017 -- cash out Centerbridge, Polaris, Summit, several advisors and employees

April 19, 2017 — 4:39 AM UTC by Brooke Southall

Brooke's Note: The private equity world is too small. We knew this was coming. Whispers about it came from every eave of New York's Battery Park Ritz during Chip Roame's event a couple weeks ago. But still! The valuation is striking because it ...

4 Comments
Mike Sha: Wells is a big beast. With scale comes challenges.

Wells Fargo's new ADV reveals plenty about its robo's ambitions to max cross-selling and minimize channel conflict

Intuitive Investor is priced on the high side and bars micro-investors, yet is positioning itself as the anti-niche player

April 18, 2017 — 6:24 PM UTC by Janice Kirkel

Brooke's Note: There is a reason big banks prevail. Size matters. Sticking to what works matters. Imagination? Transformative thinking? Not so much. With that in mind, presume Wells Fargo didn't just randomly arrive at its new robo formula. A tad vanilla? Good news for ...

0 Comments
Joel Bruckenstein: I turn and think to myself this guy looks a lot like Marco Rubio.

Joel Bruckenstein pitches DOL rule to Sen. Marco Rubio after fate makes them JetBlue seat mates

Rubio opened up on small investors and retirement issues -- and cracked wise about the Russians

April 17, 2017 — 6:38 PM UTC by By Lisa Shidler

Brooke's Note: When friends outside the RIA business ask me what on Earth I write about that interests financial advisors, I'll often mention the DOL rule. Of course, they have no idea what I'm talking about. I frame it as the first ...

1 Comment
Sagar Kurada: Our new facility will allow HighTower to fund additional acquisitions.

HighTower picks up $6.4-billion roll-up on the cheap but the valuation may reflect WealthTrust's stagnant growth and profitability

The Chicago roll-up gets an embattled league of RIAs for about $70 million by persuading its financiers to double down and private equity owners to suck it up

April 13, 2017 — 11:35 PM UTC by Brooke Southall

Brooke's Note: Amid industry buzz generated by departures of key execs, a lawsuit against a former employee and pressure on common stock that sits behind a growing pile of debt and preferred equity, HighTower's Elliot Weissbluth had two choices: let up on the gas ...

2 Comments

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