Technology Section Sponsored by:  

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.


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 the real magic happens. In other words, in its Jobs heyday, Apple was one great big hackathon. What is remarkable about Eric Clarke's hackathon is not only its caffeinated existence but its ...

1 Comment
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 haven't heard much about before, the antennae go up. But a deeper delving by conversations with Joe Mansueto, Matt Fellowes, Kunal Kapoor and Chip Roame provides some reassurance. My take ...

0 Comments
Jasen Yang: When 90% of financial institutions are 'figuring out our strategy,' the process is not working.

Why legacy firms that buy robos in haste show no signs of urgency after they take title

Too much hustle and ambition can be as harmful as too little, according Jasen Yang's closely argued analysis

September 1, 2016 — 10:30 PM UTC by Guest Columnist Jasen Yang

Brooke’s Note: Coming in as a guest columnist for RIABiz requires guts. First, we beg you to write. Then we send the goons after you with demands to rework and rewrite. Jasen Yang took on perhaps the toughest issue in the industry — what exactly is becoming of scores of robo-advisors now that they have entered the digestive chambers of just the kind of larger, dumber financial firms that robos set out to interrupt. This ...

3 Comments
Dale Brown via Skype: We filed the lawsuit to win, not to make a statement or lambaste the DOL.

Jaws drop after Dale Brown Skypes keynote address to Laser App conference with the claim: 'We were fiduciary believers long before being a fiduciary was cool'

The FSI chief's comments lit up Twitter then T3's Joel Bruckenstein and cleverDome announced a cybersecurity consortium at the San Diego gathering

August 15, 2016 — 8:03 PM UTC by Timothy D. Welsh

Dale Brown was supposed to be the star speaker at 10th annual Laser App conference last week, but no-showed.

No problem.

The CEO of Financial Services institute Inc. appeared live-by-Skype on a 20-foot screen from his lobbyist office back in Washington D.C. to speak to the 250 people assembled at the Marriott Marquis in Downtown San Diego.

Brown bolstered his keynote-by-keystroke billing with head-spinning historical context for fiduciaries and the DOL rule. See: As ...

0 Comments
Brian Hamburger: Given the case and knowing Joel, I thought I'd be a doing a net disservice by not participating here

Brian Hamburger joins the fray -- and ups the ante -- in Bruckenstein-Winterberg lawsuit

MarketCounsel CEO framed the answer to the Winterberg lawsuit; it says Winterberg did not meet 'measurable' demands and that he subverted T3 by promoting his own services

July 25, 2016 — 7:49 PM UTC by Lisa Shidler and Brooke Southall

Brooke’s Note: It’s hard not to look at this case and not say: There but for the grace of God go I. Us small business types make a never-ending series of small handshake kinds of deals in order to keep the ball moving. Big written contracts are the domain of big slow-footed companies, right? You can especially feel assured of making verbal type arrangements when it comes to fellow members of the RIA ...

2 Comments
Kunal Vaed: This is not a me-too solution. We were careful not to start when the others came out.

E*Trade finds now the right time to launch its e-advice robo with an 'active' twist

The New York-based discount broker means to put $1-million minimum-bogey institutional funds in the hands of retail investors

July 8, 2016 — 11:11 PM UTC by Davis D. Janowski

Brooke’s Note: In business, one winning hand is to achieve “first-mover status.” A more difficult footing to play from is last-mover status. Yet that is where E-Trade enters this conversation — both as a provider of automated portfolios and as an RIA providing some semblance of financial advice. Still, after E-Trade’s robo execs showed up at InVest in New York City last month, we did not dismiss the late entrant. They have a large ...

0 Comments
Drew DiMarino: Anytime we get a chance to present to the top advisors, we’ve got a very good chance of winning

eMoney makes its first big enterprise sale as a Fidelity sub-unit by showing a few features and much salesmanship

Though Advicent is being phased out, an analyst says that eMoney and Advicent are more similar than you'd think

July 7, 2016 — 5:14 PM UTC by Lisa Shidler

The owners of financial planning software firm eMoney and its new CEO, Edward O’Brien, can breathe a sigh of relief.

The Radnor, Pa.-based company now has ample proof that it can make a big sale to a non-Fidelity Investments company under its very new circumstance of being owned by the Boston giant and helmed by one of Fidelity’s own.

Independent broker-dealer Waddell & Reed Inc. has announced that it is signing a ...

1 Comment
Jon Patullo [r.] with Jim Dario: We started here in Texas with nine vendors in 2010 to start the conversation.

Alert to Pershing's API move and eMoney's dashboard acumen, TD Ameritrade brings its API partners to Texas to drive home its first-mover advantage

TD does (almost) Dallas as it announces 100-plus third-party vendor integrations while keeping an eye on the competition

June 30, 2016 — 12:05 AM UTC by Timothy Welsh

At the TD Ameritrade Institutional Technology Summit, the elephant in the TD-rented room was Pershing Advisor Solutions.

A little more than a year ago, at Pershing’s INSITE conference in Orlando, Fla., the other Jersey City, N.J.-based RIA custodian validated its open API approach to software integration. See: At INSITE in Orlando, Pershing outs its robo-religious conversion complete with open API store, Silicon Valley and India skunkworks, Marstone robo deal and unabashed digi-speak ...

0 Comments
Jon Stein: I really don't know about the ... presti-i-i-ige ... of a wirehouse.

The inverted reverence dynamic at The In|Vest event and why Bill Crager is so over it

Tomorrow is here: Wirehouse execs and IBM types play groupies as robo-founders leaned back in their chairs

June 23, 2016 — 6:19 PM UTC by Sanders Wommack

Brooke’s Note: It’s who you know, not what. The conference prestige index lives a bit on similar thinking. But its not all about wattage. There is also the feat of getting different Darwinian winners to interact. What happens when a hippo and a rhino square off? A border collie and a crocodile? We have covered this conference in New York pretty intensively but we didn’t want to walk away without sharing some ...

1 Comment
Bill McNabb mingled at Morningstar conference -- here stopping for a post-speech word with John Rogers, CEO of Ariel Investments

Vanguard CEO says: 'We are a technology company' and hints strongly that robo-for-RIAs may be in the offing

Bill McNabb oversees 3,000 engineers who are willing to pay for 'dry holes' in drilling for the next Shaybah Oil Field of financial advice

June 16, 2016 — 8:17 PM UTC by Graham Thomas

Brooke’s Note: Again, Graham Thomas has done great work reporting for RIABiz from an industry event though his job description does not include asking hard questions and scribbling furiously. We are well aware that he is conflicted in making this report but, at least for conference coverage, we err on the side of getting you the scoop by hook or crook. Send any concerns about our approach to our complaints department, brooke@riabiz.com ...

0 Comments