The early investor and ex-Schwab CEO is giving ground to the new ownership
April 20, 2018 — 7:01 PM UTC by Brooke Southall
Brooke's Note: Some departures feel like human resources events. Others feel more like the ending of eras. This one has some of the feel of the latter, though I don't count Dave Pottruck out from finding yet another perch of leverage in the ...
Guided by an ex-Financial Engines ringer, Paul Gamble, the New York startup is now portfolio modeler for $100 million
April 19, 2018 — 10:38 PM UTC by Oisin Breen
Brooke's Note: Your average RIA is about as excited about having a Ph.D. in mathematics manage client investments as they'd be about a Ph.D. in aeronautical engineering piloting their aircraft. Take DFA as a prime example of that premise: RIAs love how it ...
The McClean, Va.-based credit card company bought advisory firms, put a head-hunted Wells Fargo big shot in charge, hit the $10-billion mark -- then got the hell out
April 18, 2018 — 8:56 PM UTC by Lisa Shidler
Brooke's Note: Since 2009 it has been all but impossible to fail in the RIA business. The unending bull market, the exploding need for wealth management by baby boomers and the opportunity to get ahead of the curve in an evolving market has seen to that ...
The Chicago RIA roll-up adds 45-employee Salient with T.H. Lee omnipresent in shepherding the UHNW deal
April 17, 2018 — 3:25 PM UTC by Brooke Southall
Brooke's Note: Sometimes the most important quality in business is to never, ever give up. It's been a tumultuous last few years at HighTower Advisors but looked at through its recapitalization and this Texas deal, its better days may be ahead. If you ...
A standout attn: line is a must to get clicks and reads yet often gets treated as optional
April 16, 2018 — 7:10 PM UTC by Guest Columnist Sara Grillo
Brooke's Note: When Sara Grillo proposed this column, I was immediately enthused. I really think the RIA business at a macro and a micro level is plagued by a communications problem, born of a disconnect. At a macro level, consumers still struggle to understand the ...
Hussain Zaidi sees greenfields opportunities at small IBDs and Fortune 500 firms where planning software alone doesn't make the grade
April 13, 2018 — 7:48 PM UTC by Oisin Breen
Brooke's Note: My father was born in New York City and he liked to speculate about the inevitable day when the blighting of real estate in places like Queens, the Bronx or Harlem would reverse course. Eventually it began happening in earnest long after he moved ...
Unheard-of packages, tight targeting and unusual timing rock recruiters who marvel at the competitive behavior that has Bill Morrissey escalating an epic battle
April 12, 2018 — 6:39 PM UTC by Lisa Shidler
Brooke's Note: At what point does increasing scale devolve into diminishing returns? That question might be the central one going forward in the RIA business and the advisor business in general. LPL Financial, with its 16,000 or so advisors, is right about at the ...
