Jud Bergman's Envestnet has seen a spectacular rebound in its share price since early 2016.

Publicly traded 'RIA' stocks are having a banner 2017

Wall Street is loving shares of Schwab, Envestnet, Morningstar and LPL

December 8, 2017 — 12:28 AM UTC by Brooke Southall

Brooke's Note: The RIA business has been white-hot since 2009 when Wall Street mores got exposed and the Labor Dept. began to get busy. Since then, investors heaped assets on firms that could deliver more unconflicted financial advice. LPL is the biggest aggregation of independent ...

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Gary Zimmerman:  My wife was worried about whether I'd lose my job, but I wasn't worried. I was worried about all of our cash.

Citi exec under dire 2009 threat 'accidentally' invents cash arbitrage robo-advisor that's rolling with RIAs in 2017

Gary Zimmerman's mad scramble in Tokyo to preserve millions in uninsured cash led to MaxMyInterest, which RIAs now use to automate process of getting $5 million under FDIC protection -- and often earning an extra 100 basis points in the bargain

December 7, 2017 — 8:00 PM UTC by Oisin Breen

Brooke's Note: Back around 2015, Gary Zimmerman paid a visit to RIABiz headquarters in Mill Valley and we sat down in the conference room for an hour. In moments he had me and local colleague Michael Halloran riveted with the Michael Lewis-worthy story of him ...

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Larry Raffone: At the very biggest Fidelity plans, they very much value the things that we offer.

Fidelity Investments (explicitly) enters 401(k) advice game -- then Financial Engines' shares plummet despite its 'Mutual Fund Store' RIA winning Boeing and Ford accounts

The Boston giant now offers non-discretionary advice to non-recordkeeping customers and Financial Engines cuts its prices, bleeding out Wall Street's belief in the firm

December 6, 2017 — 6:16 PM UTC by Lisa Shidler

Brooke's Note: We talk about Fidelity Investments having a "full stack" when it comes to the 401(k) business. But the Boston Big Boy has never stacked up to Silicon Valley micro-player Financial Engines when it comes to selling, arguably, the most value-added layer in ...

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Greg Fleming: I love the Rockefeller name and brand and family. I'm fixated on it.

How Greg Fleming got props from his 90-year-old uncle by ankling the wirehouses after 25 years and joining a 'small' family concern

From his perch atop Rockefeller Capital Management, the Ex-Morgan Stanley and Merrill exec derives lessons for profitably serving the 'Vanguard set'

December 6, 2017 — 5:38 PM UTC by Dina Hampton

Brooke's Note: You shouldn't stereotype people. You should probably make an exception to the rule for former wirehouse chiefs. Dina Hampton makes that point here in this article with a feathery touch.

A long day of sessions was -- almost -- on the books of ...

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Brooke Southall: An advisor joining a smaller business unit is suddenly in a crucible where his or her integrity is exposed for all to see.

What seven attributes define RIA integrity and why -- unlike standalone 'fiduciary care' -- Wall Street finds it radioactive

Doing the 'right thing' by investors leaves plenty of room for Wall Street to play its patented game of blurring the edges, warns editor-in-chief Brooke Southall responding to RIABiz readers who disagreed with his earlier op-ed

December 5, 2017 — 6:45 PM UTC by Brooke Southall

Brooke's Note: I got equal numbers of private emails and public comments in response to my column Friday. It's time for RIAs to shift the 'fiduciary' debate and make it about 'integrity' I expressed the opinion that RIAs move their center of Wall Street resistance ...

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Natalie Zahradnik: RIAs in particular can be early adopters of new products.

PIMCO's institutionalize-Bill-Gross effort culminates after three years in price hikes tempered by ETF migraines and fee cuts

The Newport Beach, Calif.-based manager notably jacks up charge for PIMCO Income Fund after it soars to $92 billion, which slowed its asset flows not at all as it zoomed past $100 billion

December 4, 2017 — 8:31 PM UTC by James Picerno

Brooke's Note: PIMCO has three giant challenges: It sells mutual funds in an ETF era. It sells active management in a passive era. It is known as a bond investor but that may harm its efforts to expand into the green meadows of managing equities. Then ...

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RIAs can move to the green pastures of 'integrity' to get past the muddy trenches of harmonizing a definition of 'fiduciary.'

It's time for RIAs to shift the 'fiduciary' debate and make it about 'integrity'

Integrity demands wholeness, which Wall Street can't claim as its sales staff and business model continues to get thrashed in the marketplace

December 1, 2017 — 2:19 AM UTC by Brooke Southall

Brooke's Note: The old aphorism about sticks and stones holds true. Wall Street knows it and celebrates as RIAs break bones over the meaning of words like "financial advisor," "financial advice" and "fiduciary." Now it's time for the RIA business to switch up the game as its market power ...

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