RIABiz

Peter deSilva will be president of retail distribution at TD in October after less than two years at Scottrade.

A look inside the agonizing decision to cut Tom Bradley from TD Ameritrade and what doesn't seem to add up

CEO Tim Hockey accords Peter deSilva a cultural edge as retail chief though Scottrade only hired him in 2016 -- either way there's 'no place' for Bradley after a 30-year run at TD

17 hours ago by By Lisa Shidler

Brooke's Note: Not once did I hear speculation that Tom Bradley's fate was hanging in the balance. Bradley just seemed to be hitting his stride in bringing his winning ways to RIAs at TD's branches, which are morphing into more RIA-like entities. Never mind ...

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New Moves in the Biz

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'Biblically responsible' investing firm hires new CIO

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United Capital nabs Min Zhang not long after Gail Graham leaves and Larry Shumbres continues a magical post-Schwab ride

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BlogHer co-founder signs on as CMO for Sallie Krawcheck's HNW-woman-friendly robo

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Robertson Stephens seeks revival under new CEO after departures that included the old one

Louis Navellier: All Navellier and sub-advised portfolios have GIPS-complaint fact sheets and we have been GIPS-compliant for 20-plus years.

Louis Navellier ready to present 'extremely strong defense' to daunting SEC fraud charges

The Florida-based mutual fund owner says he advertised using GIPS-compliant material such that: 'I didn't sell this at all'

September 19, 2017 — 12:19 AM UTC by James Picerno

Brooke's Note: Louis Navellier is unbowed in the face of withering charges of fraud from the SEC. See: Navellier is latest to catch F-Squared affliction as SEC broadens parameters of wrongdoing. The case may boil down to whether or not a jury buys his ...

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Michael Kitces: Was there a major downturn on the CFP Board’s 2016 Form 990 that we just can’t see yet?

Michael Kitces attacks CFP Board for jacking fees 17% in name of 'strategy' when the certificant is flush with $20 million in reserves

The Board defends murky financials and a 'buried' hike as overdue -- even when it's operating at a $1.3 million surplus

September 18, 2017 — 7:23 PM UTC by By Lisa Shidler

Brooke's Note: The truth is that any Board that can dole out certificates of inclusion on its own terms of testing, behavior and pricing possesses mighty monopolistic powers. Those powers expand exponentially as the designation becomes recognized as a standard seal of approval for ...

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Bill Stone: We are investing $150 million cash in R&D every year.

SS&C overlords culturally shock Black Diamond RIAs in Chicago with heaviness and wow them with well-funded competency

'Intense' SS&C CEO Bill Stone let 1,000-strong attendees know they are part of $500-million cash cow not afraid to make strategic purchases

September 15, 2017 — 7:10 PM UTC by Guest Columnist Tim Welsh

Brooke's Note: As I debriefed Tim Welsh ahead of editing his column, he explained the components of his culture shock expressed in this piece. For one, he'd just come from Orion's super-down-home conference, "FUSE", in a Utah suburb. Second, he'd missed ...

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An old-line Aussie life insurer, AMP takes up a good chunk of the Sydney skyline.

United Capital begins recapitalization and continues repeopling exec ranks -- both prompted by asterisked $6.9-billion of 'contracted' assets

Sydney, Australia's AMP invests 'tens of millions' in the firm but not to pay off existing PE partners whose stakes stayed static

September 14, 2017 — 7:57 PM UTC by Brooke Southall

Brooke's Note: Make no mistake -- there is a mysterious aspect to United Capital's three pieces of news, to wit: three hires, one suitcase of cash from an Aussie giant and an inscrutable $6.9 billion of 'contracted assets' -- all being announced simultaneously within some ...

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Richard Powers: If [new products] don’t differentiate in product design or exposures, some form of traditional active is how many firms look at ETF’s as 'my only shot.'

Morningstar renders ETF verdict by discontinuing ETF-only conferences after category becomes the Vanguard-BlackRock show

Smaller, newer ETF players are forced to pursue micro-niches and active management -- only to encounter the big players lurking there, too

September 13, 2017 — 5:26 PM UTC by Graham Thomas

Brooke's Note: ETFs have a bright future. Morningstar has a bright future. Neither seems remotely replaceable. But human characters as diverse in nature as Chip Roame, David Booth and Jack Bogle have long cautioned that nobody should count mutual funds out. That Morningstar is now ...

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Fielding Miller: If we're not the fastest growing RIA out there, then I don't know who is.

Grandaddy $220-billion RIA 401(k) roll-up books new $20-billion deal but may have bought its way out of a growth plan

CAPTRUST did 26 deals in 10 years and finally the firm's old 'friend-enemy' partner, CapTrust was one of the few needle-movers left to make its last 10% inorganic AUM leap

September 11, 2017 — 9:45 PM UTC by By Lisa Shidler

Brooke's Note: What Fielding Miller has accomplished with (all-caps) CAPTRUST is nothing short of remarkable -- a $220 billion RIA roll-up in an industry where $50 billion is generally considered the high end of the scale. He even completed this act of inorganic growth organically. No ...

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Selling Itself

'Hostage' Talks

Message Delivered

Oz Bedfellow

ETF Requiem?

A look inside the agonizing decision to cut Tom Bradley from TD Ameritrade and what doesn't seem to add up

New Moves in the Biz

Louis Navellier ready to present 'extremely strong defense' to daunting SEC fraud charges

Michael Kitces attacks CFP Board for jacking fees 17% in name of 'strategy' when the certificant is flush with $20 million in reserves

SS&C overlords culturally shock Black Diamond RIAs in Chicago with heaviness and wow them with well-funded competency

United Capital begins recapitalization and continues repeopling exec ranks -- both prompted by asterisked $6.9-billion of 'contracted' assets

Morningstar renders ETF verdict by discontinuing ETF-only conferences after category becomes the Vanguard-BlackRock show

Grandaddy $220-billion RIA 401(k) roll-up books new $20-billion deal but may have bought its way out of a growth plan

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