Bill McNabb: A short deadline increases the risk that the DOL will not publish the necessary future delays before the rule becomes effective, requiring uncertain and unclear retroactive action by the DOL.

How the DOL rule postponement is a blessing for RIAs that 'took their foot off the gas' -- and why Vanguard sees such delays as a creeping menace

The Feb. 3 Trump executive order offered grounds for the pause but Bill McNabb warns this delay may beget a never-ending death spiral of delays and 'troubling' uncertainty

18 hours ago by Brooke Southall

Brooke's Note: It would be funny if it weren't kind of serious. Experts are now identifying as the major factor in the DOL rule delays as the delays themselves. The way industry folks explain this latest June 9 delay it is that in the ...

0 Comments
Joe Duran: This is the most single important thing I have done in my career.

Framing it as a wildly disruptive 3,300-basis-point fee on de novo revenues, Joe Duran's United Capital digital reboot is apparently raking in RIA assets and revenues

The charismatic CEO's launch of FinLife Partners -- with unabashed Fidelity support -- is in effect selling revenues to advisors but taking a risk on their success

March 28, 2017 — 7:40 PM UTC by Brooke Southall

Brooke's Note: I think I have followed Joe Duran and United Capital as closely as anyone, going back to when he went by Joe John Duran at the tie of founding the roll-up in 2005 when I was a staff reporter at InvestmentNews. If you ...

2 Comments
CEO, chief compliance officer and chief investment officer Louis Navellier and his firm got a Wells notice Jan. 17.

Navellier is latest to catch F-Squared affliction as SEC broadens parameters of wrongdoing

The Reno, Nev.-based $1B advisory firm and its CEO are No. 17 on the Commission's hit parade and may not be the last, experts say

March 27, 2017 — 8:11 PM UTC by Janice Kirkel

Brooke's Note: There is always one giant red flag waving in the breeze warning a diligent financial advisor off an Aequitas, Madoff or F-Squared -- advertised returns that are too good to be true. Yet in this case it wasn't RIAs who were fooled so ...

2 Comments
Tom Kazmierczak: They cost [the investor] about the same as target date funds but circumstances may change and with ActivePlus you can update.

The genius of how T. Rowe Price's new robo extends its $165-billion automated advice franchise -- namely as a maker of target date funds

The Baltimore-based fund giant's robo is plain vanilla when viewed in a vacuum but disruptive in the flush target date fund market

March 24, 2017 — 8:39 PM UTC by Brooke Southall

Brooke's Note: In national defense, both kinds of missile technology have a place. In the case of ICBMs, you set them on their course and hope for the best -- or the worst. But cruise missiles and drones can be fired, steered and even halted after ...

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Abby Salameh: None of these skills have anything directly to do with managing money or the financial designations hanging on your door.

'Approachability' continues to be the one-word descriptor of what separates good RIAs from the ones who struggle

Money is a prickly topic so channeling your inner porcupine, leaving people hanging by the receptionists desk and delivering monologues about smart-beta is dumb

March 23, 2017 — 7:45 PM UTC by Guest Columnist Abby Salameh

Brooke's Note: This article is about RIA approachability. All things equal, it might be all that matters. Intellectualizing and exalting the effects of something that is not even easy to define is probably why the topic of being approachable as a discrete topic gets ...

0 Comments
Kunal Kapoor: Research and ratings of active funds is likely to continue to play a role in fund selection in the future.

How and why Morningstar sliced 16 bps for RIAs by dumping third-party mutual funds and stamping its Switzerland brand on its own mutual funds

Morningstar offers a Bogle-like rationale damning third-party mutual fund wrappers as an extravagance in $7 billion Managed Portfolios product

March 22, 2017 — 8:15 PM UTC by Janice Kirkel

Brooke's Note: You're 41. You just inherited stewardship of a storied brand from Joe Mansueto, founder of Morningstar. The brand is of the trusted variety -- best known as the third-party arbiter of mutual funds and their managers. Here's the rub: The active management ...

0 Comments
Mike Papedis: I am not interested in working for another firm as employee.

HighTower parts ways with -- and doesn't replace -- the dealmaker who has 'worked on more breakaway transactions ... than anyone in the industry'

Elliot Weissbluth's gun-slinging No. 2, Mike Papedis, moves on after HighTower's assets declined, deals waned and the once-loud company took on an indoor voice

March 21, 2017 — 9:53 PM UTC by By Lisa Shidler

Brooke's Note: The RIA roll-up business has never been about the art of the deal. It is about the art of making a whole series of deals followed by the frustrating management challenge of cobbling them all together. The first stage is easier than the ...

2 Comments

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