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The exclusive deal SMArtX cinched with Black Diamond is yielding Tiffany results, and now SmartX is hiring to keep up

Growth is not an option for the tiny West Palm Beach concern after its SS&C alliance after AUM all but doubles in recent months requiring more inventory, expertise and staff

Author Oisin Breen April 10, 2019 at 11:05 PM
Admin:
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Evan Rapoport: There are so many users of TAMPs that are uninformed about how to maximize the advantages of the UMA structure.

Jeff Spears

Jeff Spears

April 11, 2019 — 12:40 PM
The legendary investor Peter Lynch would love this story. Most RIAs are sub $100 million and need a service like this one especially since fees have come down. Initially UMAs lacked money manager adoption. That problem was addressed and now lower fees and sowftware will drive the next growth spurt.

Related Moves

'Spunky' SMArtX finessed its way to $31.5 billion and began a 'freemium' future, but its new CEO is hedging his bets by hiring a TAMP salesman with a track record that glitters like his own

Just 22 days after swapping the SMArtX presidency for the CEO spot, Jonathan Pincus got David Pologe to help sign on new RIAs and brokers and their client assets.

September 15, 2023 at 2:13 AM

Chafing at new 'governance,' Evan Rapoport resigns as SMArtX CEO, 15 months after Morningstar became its largest PE investor and giant customer -- and weeks after pivot toward 'freemium' strategy

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August 17, 2023 at 2:37 AM

Seven 'RIA' chief executives are stepping aside for CEO 'operators' as PE backers get 'trigger' happy in adverse market; here are their stories

Whether it's Edelman Financial Engines, SMArtX, Allworth or InvestCloud, the re-CEO-ing process follows a fat 2020 capital raise and thinner results in stormy financial markets.

September 7, 2023 at 9:46 PM

With $4 million VC raise fresh in hand, SMArtX takes next step to shed Black Diamond shadow by hiring a president/COO who casts his own

.Jonathan Pincus took overseen assets at Northern Trust from $3 billion to $70 billion at his Chicago firm and learned about SMartX after in his old role

May 22, 2020 at 9:36 PM


Mentioned in this article:

HedgeCoVest
TAMP
Top Executive: Evan Rapoport

SMArtX Advisory Solutions
TAMP
Top Executive: Evan Rapoport



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