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Technology

The RIA business has many tech vendors working hard to serve its diverse needs, and we're seeing technology become a more crucial part of setting up and running an RIA than ever before.

The Technology section includes unbiased tech reviews, tech-related news, and coverage of tech-related conferences.


Aaron Klein [with chief of staff Evan Pope]: My Risk Number is 88 and it’s probably a pretty good guess as to why we waited so long before raising capital!

How Aaron Klein plans to make Riskalyze the epicenter of the RIA business with $20 million of fresh private equity money

The CEO startup already has 15,000 users but now he sees the Risk Number as the skeleton key for unlocking robo potential by eliminating two-tier, two-business problem for B2B robos

November 30, 2016 — 10:08 PM UTC by Brooke Southall

Brooke's Note: People in California feel about as fuzzy toward Sacramento when it comes to its ability to produce new technology as Nathanael  did toward Nazareth. Sacramento is government -- leave progress to the Silicon Valley folks. But this scripture keeps getting proven wrong in the RIA ...

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Bo Lu: What's a phone?

The odd and open courtship between the SEC and robo-advisors plays out again -- this time at an SEC-hosted webcast panel in Washington, D.C.

Mary Jo White introduced a forum with representatives from FutureAdvisor, Betterment and Personal Capital who mostly just nodded in assent at each other

November 15, 2016 — 10:22 PM UTC by Janice Kirkel

Brooke's Note: Federal regulators and robo-advisors seem like odd bedfellows. But regulators have the dizzying challenge of inventing ways to apply old rules to new services that seem to evolve by the month. The robos have equal incentive to make sure that they keep evolving. The ...

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Edmond Walters left eMoney and pops up as buyer agent of MoneyGuidePro on behalf of Cetera.

Cetera's giant software buy shows how eMoney's founder could prove a thorn in the Fidelity side $250 million later

MoneyGuidePro's Kevin Knull credits Edmond Walters for helping sell Cetera on doubling down on MGP planning software

November 11, 2016 — 12:20 AM UTC by Brooke Southall

Brooke's Note: They say money changes you. For sure it changes the way we laugh, for instance. But it surely does not remove a hard worker's desire to work. Look at the presidential race. The winner gets the hardest job in the world. The loser ...

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Min Zhang: I came into the business thinking sophistication and complexity analytics were what advisors need, only to be humbled by the demand for simple.

The spoonful of gamifying sugar a 33 year-old CEO took to make the boomer-ethos T3 conference go down and the robo-bonobo mentality that she observed

As Min Zhang put her millenial self in the shoes of a small IBD owner, anxieties multiplied and solutions seemed scarce

November 10, 2016 — 6:26 PM UTC by Guest Columnist Min Zhang

Brooke's Note: Min Zhang turns the tables on us in this column. So often us baby boomer, Gen-X types observe millennials like field scientists among bonobos in the Congo. After her Stanford B-school classmates rip on FAs at reunion, a stung Min Zhang takes uber ...

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Bill Winterberg (l.) and Joel Bruckenstein can perhaps resume their amicable ways.

Joel Bruckenstein settles suit with Bill Winterberg

The rare internecine RIA dispute caused a wound that can now begin to heal

November 8, 2016 — 11:30 PM UTC by Brooke Southall

Brooke's Note: Somehow it seems a fitting day to learn that Joel Bruckenstein and Bill Winterberg have settled their legal differences. If ever there was a day to end a round of squabbling and move on, this is it.

Joel Bruckenstein and Bill Winterberg have settled ...

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Bill McNabb: We are in the midst of a great technological revolution – from self-driving cars and package-delivering drones to smart phones and 3D-printers – that is changing the way we live, work, and, in Vanguard’s realm, invest.

Vanguard set to launch geek-spirited think tank in heart of Philly as its 'robo' (that really isn't) hits $47 billion of AUM

The 'innovation center' adds to CEO Bill McNabb's theme of Google emulation and perches at the nexus of Penn, Drexel, Temple and other local universities

November 4, 2016 — 9:09 PM UTC by Tanvi Acharya

Brooke's Note: If you really like cheese steak and want to be on the (V)anguard of the digital revolution, there will soon be a place for you.

The Vanguard Group Inc. is opening a think tank in urban Philly where as many as 100 ...

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Bill Rourke: You don't need a program to make it work. Everyone else is doing APIs. We're doing connections.

Advent's parent buys Salentica to bolster Black Diamond CRM

SS&C promised to buy David Welling lots of M&A toys to sweeten his firm's Black Diamond offering and now the big Salesforce-Microsoft reseller begins to fulfill that promise

October 24, 2016 — 2:48 PM UTC by Brooke Southall

SS&C Technologies Inc. is buying Salentica.

The Windsor, Conn.-based owner of Advent Software and Black Diamond (An independent business group of Advent) is purchasing the Toronto-based CRM provider for an undisclosed sum. Salentica serves 100 large RIAs with average assets under management of $3 billion ...

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Jeff Remming: We saw the ineffectiveness of PortfolioCenter itself after a few years but there weren't many choices back then.

Orion lands $27-billion AUM account as BAM Alliance phases out its homemade system built on Schwab PortfolioCenter

The choice of the Omaha-based, open-source system by the giant DFA TAMP reflects the diverse needs of 140 RIAs -- and the need to up-robo client experience

October 20, 2016 — 3:47 PM UTC by Brooke Southall

Brooke's Note: Questioning Eric Clarke about this momentous win, I saved the toughest question for last: Did his company, NorthStar Financial Services Group LLC, still have all those employees working from the stuffy attic of a local bank branch in Omaha? How Orion's parent company -- NorthStar ...

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Most innovative? Judges including Michael Kitces, Jud Mackrill and Tina Powell ponder.

Orion draws a record pack of hackers to Utah to code, bond -- and compete

From 7,000 feet above sea level, 90 RIA software types breathed thin air en route to zapping redundant portals

September 12, 2016 — 6:56 PM UTC by Guest Columnist Timothy D. Welsh

Brooke's Note: In all the volumes of Steve Jobs' analysis of his life and business practices, one aspect stands out for me. Jobs talked about how he liked to be with his software engineers on the graveyard shift -- say 2 a.m. or 3 a.m. -- because that's when ...

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Joe Mansueto, pictured with wife Rika Yoshida at his alma mater University of Chicago, will have more time for philanthropy when he passes the CEO baton to Kunal Kapoor, in January.

How Joe Mansueto's CEO hand-off to Kunal Kapoor could be more than a succession play for Morningstar

The Morningstar CEO, 60, still owns 56% of the Chicago data firm's stock and his plan to 'read more books' needs to be examined in that light

September 9, 2016 — 6:30 PM UTC by Lisa Shidler

Brooke's Note: Morningstar really is a resource for us all and any big change at the firm should be a big concern to the RIA business. So when the founding CEO semi-retires early and hands off his principal duties to a 41 year-old who we ...

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