The churn of talent in the RIA business no longer happens the old-fashioned way.

RIAs and RIA vendors churn talent madly in March and April '18 as 'New Moves in the Biz' captures 35 of them

Serial HR moves by Raymond James, FinMason, American Century and Vestwell helped them expand into new territories, add job descriptions and more varied product lines

May 18, 2018 — 9:23 PM UTC by Dina Hampton

SUBMIT A NEW MOVE HERE. Brooke's Note: The cream keeps rising to the top. In the financial advisory business, that continues to be RIAs and the firms that serve, or mimic them, best. In other words, the prototypical RIA hire continues to look much ...

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Lowell Putnam: We've all decided to band together to principles that arent even necessarily in our own best interests.

Envestnet quietly deals rivals in on Yodlee play to placate big banks and their latent threat of 'oblivion' in response to 'screen scraping'

The Chicago-based outsourcer orchestrates a Yodlee/Morningstar/Quovo show of force in response to vulnerability to 'throttling' by mega-custodians

May 17, 2018 — 7:24 PM UTC by Oisin Breen

Brooke's Note: The tragedy of the RIA business is that practitioners don't check their independence streaks at the door when a collective effort would prove fruitful going up against D.C. regulators, Wall Street powers and Silicon Valley meddlers. RIA custodians could be more effective by far ...

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David Ireland: We started with Advent and Black Diamond integrations, then APX … now we're talking with other [SS&C] portfolio systems.

As Salentica settles into life as SS&C's fair-haired CRM, downsides of being a sheltered software child are also apparent, critics say

Black Diamond and Advent are still in reach but the firm's appeal to smaller fry in need of low pricing is more limited

May 15, 2018 — 5:26 PM UTC by Oisin Breen

Brooke's Note: Here at RIABiz we're accustomed to seeing nimble firms trump Wall Street might and all its advantages of scale. But as the RIA business grows, nimbleness increasingly plays a scale-seeking game of its own. Yet we can't claim that scale doesn't have appreciable benefits ...

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The Future of Model Access & Delivery

Bill Rice: With ... Boston Private, we were unable to find a mechanism that worked for both parties to deal with incentivizing key employees.

A maverick RIA and a bank walked into a bar in 2006, 2011 and 2014. It's all settling out in a 2018 M&A & spin-off pub crawl

Boston Private lets a $9-billion RIA buy itself back to free up cash to be used to roll up more bank-minded wealth managers this time around and Peter Raimondi is back in the game

May 14, 2018 — 8:05 PM UTC by By Lisa Shidler

Brooke's Note: My number one pet peeve with roll-up owners and M&A specialists in the RIA business is the monotony of the message of what makes for a deal that lasts, prospers and even achieves, yes, synergies. It always comes down to that petri ...

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Brian McLaughlin: I wouldn't say we're directly targeting a go against a Salesforce, [But] from serving a lot of smaller advisors and firms, we are seeing a shift to larger AUM firms.

Downmarket Redtail hustles at 'crazy pace' to steal march upmarket as CRM rival Junxure wires merger and Salesforce relaunches as an off-the-rack product

The Sacramento-based CRM firm moves to 'Transaction Alley' in Atlanta from the Georgia 'burbs to attract urbane engineers

May 10, 2018 — 9:00 PM UTC by Oisin Breen

Brooke's Note: They say dogs are human's best friend because our two species co-evolved, each taking cues from the other about which senses to develop. That process is very much in evidence with CRM software and advisors. So it's hardly surprising that all players ...

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Alexa von Tobel will keep her title with the relaunch of LearnVest but her idealistic mission may or may not survive.

Why exactly Northwestern Mutual bought a digital darling for $250 million, shut it down, orphaned its customers and declared progress

When the Milwaukee-based mega-insurer relaunches in six months, the one aspect certainly subtracted from the mix will be the cash-draining 8,000 mass market customers

May 9, 2018 — 9:23 PM UTC by By Lisa Shidler

Brooke's Note: If there were a handbook of M&A ethics, the chapter on legacy behemoths buying digital-era startups promising to democratize financial advice would read: "Dark, old-line product manufacturers are permitted to buy small, promising, disruptive, cash-burning beacons of entrepreneurial light and re-educate the ...

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Kristin Petrick: We do not promote this feature, but make advisors aware in case they have clients that have access to a TDA 401(k) brokerage window.

TD Ameritrade scores sweet exclusive deal with Vanguard that includes RIAs managing otherwise self-directed 401(k) accounts

To make up ground, Vanguard Group also partnered with Newport Group

May 8, 2018 — 12:40 AM UTC by Brooke Southall

TD Ameritrade Institutional will be the exclusive custodian to RIAs managing assets on Vanguard Group's recordkeeping platform who prefer more sophisticated choices and performance reporting.

The arrangement between the Omaha, Neb.-based broker and the Malvern, Pa.-based index giant, which involves transferring about $3 billion ...

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