Kate Wauck (Twitter photo): There is literally not one similarity between our advice engine Path and dialing 3 into a call center to talk to 24 year old Nick the CFP. No one wants that,

Wealthfront throws open its freemium advice to non-customers and calls it peerless, causing critics to yawn 'so what else is new?'

Critics say free planning is everywhere  these days -- including firms, like Betterment, that provide humans to answer planning-related questions.

December 18, 2018 — 1:28 AM UTC by By Lisa Shidler

Brooke's Note: Wealthfront is sometimes almost cartoonishly sharp-elbowed in the way it handles queries from analysts and reporters. It starts with co-founder, Andy Rachleff, and extends beyond. At the water cooler of the elbowed, everybody has an entertaining story. For now, we can all ...

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Eric Clarke: The APIs did not previously exist.

After finally convincing TD Ameritrade and Schwab to create an account-opening API, Orion will give RIAs power to open accounts with robo-like wizardry

The two Omaha firms 'shave hours' off the process of getting a client aboard, but first compliance and security fears needed to be assuaged

December 17, 2018 — 4:27 PM UTC by Brooke Southall

Brooke's Note: All politics are local. How about all issues are political -- even technological ones? Now, finally, we get the good news that RIA account opening is reaching a par with robo-advisors, The biggest barrier was never technological. RIA custodians needed consumers to throw political ...

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Abby Johnson continues to put her stamp on Fidelity as price war with Vanguard continues.

Vanguard's asset machine wobbles under Abby Johnson's withering pricing assault, but Fidelity's new cost-cutting front aimed at advisors is proving more lethal for BlackRock

Net inflows surge at Fidelity Investments as its CEO plays strategic gambit that Vanguard can't follow, including bargain basement model portfolios aimed at advisors

December 13, 2018 — 11:37 PM UTC by Oisin Breen

Brooke's Note: It sure looks like check, if not checkmate. Vanguard Group seemed to command the board in its cagey asset management chess game with Fidelity Investments -- more passive mutual funds, more ETFs and much lower prices. Could it be that Fidelity's answer to ...

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How satisfied are your most valuable clients? They may be expecting more than just advice.

Mark Hurley's lawsuit references his "secret sauce" and how he got overtly tossed.

In new $150-million lawsuit, Mark Hurley alleges ex-boss's smears wrecked his valuation, his reputation and his chances of providing capital to RIAs ever again

The trump card for the maverick ex Fiduciary Network CEO was to open across the street with new backers, but the filing clams he may not have that play anymore

December 12, 2018 — 9:36 PM UTC by Brooke Southall

Brooke's Note: The presumption of outsiders regarding Hurley v. Howard (Milstein) is that it represents a titanic clash of egos. In his new lawsuit, Hurley  presents lots of real information to parse but the subtext, too, is unmistakable: Hurley is irreplaceable and replacing him ...

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Brooke Southall asks questions of Andrew Salesky of Schwab, Christina Townsend of Pershing, Greg Vigrass of Folio Institutional and Chris Fesler of Apex Clearing.

Andrew Salesky's tantalizing PortfolioConnect remark hints at Schwab's technology future, and 'open' or 'closed' -- that was API question at In|Vest West 2018 RIA custody panel

The Schwab technology chief may have stumbled on a strategy for big RIAs, but he also got challenged on his API philosophy by Apex Clearing's Chris Fesler

December 11, 2018 — 11:48 PM UTC by Brooke Southall

Brooke's Note: This article has a self-serving aspect; I moderated one of the panels. But it's not totally disingenuous. In|Vest West was produced by SourceMedia, the same company that publishes Financial Planning, an RIABiz competitor. I've been a fan of In|Vest since it ...

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Scott MacKillop: Anyone ever involved in fundraising for a new venture knows how time consuming and emotionally draining it is. Now that we are financially secure for the foreseeable we can focus on the positive aspects ... I have a smile on my face again and my creative juices are flowing.

Liberated (in part) by an Envestnet deal, Scott MacKillop isn't ho-humming a second-round infusion of $1.5 million

Asking first-round funding friends and family to extend support stressed out First Ascent's CEO but the fresh capital arrives as new sources of asset inflows kick in

December 10, 2018 — 11:25 PM UTC by Oisin Breen

Brooke's Note: There are low fees, high fees, hidden fees, transparent fees, performance fees and maybe a few others. What they all share is a bias against people who invest larger balances. The XY Planning Network is countering this trend on a larger level ...

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Mike Durbin: We have a chip on every square on the table.

Mike Durbin speech spellbinds; David Kowach prompts head-scratching and Brian Hamburger-Dale Brown showdown has one tense moment at Market Counsel Summit

The Fidelity exec shows forward thinking; the Wells Fargo exec talks branded RIAs and the cage match ... not so much

December 8, 2018 — 5:06 AM UTC by Graham Thomas

The Market Counsel Summit had many recognizable speakers in its line-up and one that left RIA audience members truly impressed and grateful -- with an oft-contrarian RIA view.

A prepared and polished Mike Durbin convinced a skeptical Las Vegas audience of peers and clientele that his firm is ...

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