Mike Sha: To say it's a busy time would be an understatement.

SigFig tightens its lock-down on UBS's digital fate by absorbing its in-house robo unit and 80 employees, but it's weathering storms on other fronts

The Swiss bank's symbiosis with the San Fran start-up winds ever tighter, but '1,000 banks,1,000 separate versions' hardly lends itself to a plug and play symphony

8 hours ago by Oisin Breen

Brooke's Note: Two of the big questions about the future of wealth management include: Will wirehouses and bank wealth managers survive? and: Will robo-advisors survive? Increasingly it looks like the two questions have each other as answers. A large swath of robo-advisors like SigFig ...

2 Comments
Peter Mallouk: When I reflect back on this journey, there will be one episode I will certainly not recall fondly.

After settling with the SEC for $250,000 over two compliance issues, Peter Mallouk explains what he quietly and painfully experienced as his RIA grew from $15 billion to $36 billion

The CEO of Creative Planning ran into trouble after a local radio host became a client and part of his advertising. The host/client then enthused about his wealth manager well past the SEC's testimonial tolerance

September 17, 2018 — 4:09 AM UTC by Guest Columnist Peter Mallouk

Brooke's Note: During the past few years, we have written about the growth of Peter Mallouk's RIA, Creative Planning of Leawood, Kan., which has been off the charts. In 2016, it was at $15 billion. Today, $36 billion. See: Peter Mallouk has ...

4 Comments
David Blundin: We've seen nearly six hundred business plans at this stage, and are reviewing eight a week now.

Oisin's Bits: Casady and Blundin's Vestigo-voyage gathers steam with near $60 million cash-pile; Ethical-robo OpenInvest raises $10.4 million and flips B2B switch, founder lays into mutual funds

In this roundup, Mark Casady and David Blundin's VC-odyssey, Vestigo Ventures, closes its first fund as the duo outline a nine-year strategy, and reveal they pitched in 8.5% of its near $60 million cash-pile; and the socially responsible investment robo-advisor OpenInvest goes B2B, rakes in $10 million of VC funds, gives votes to passive investors, and slams mutual funds.

September 14, 2018 — 9:29 PM UTC by Oisin Breen

Vestigo Ventures raised $58.9 million through its first financial technology VC fund, closing  in August $8.9 million, or 17%, above target, as co-founders David Blundin and Mark Casady laid-out their nine-year, tiered plan to reap returns from big-data, artificial intelligence and blockchain.

Mark Casady: I ...

0 Comments

STREAMLINE to reclaim time for your clients

Tony Barchetto: Ryan will play a critical role … [and] the strategies currently in the pipeline will enable advisors to get more exposure to the market using less cash.

Founded in 2017 to produce ultra-beta ETFs, Salt Financial goes full 'meritocratic' in poaching 27 year-old Dow Jones beta hunter -- seriously, beta hunter -- to lead research for volatility tracking ETF roll out

The juiced-return index products designer installs Ryan Poirier, a prodigy Dow Jones researcher as director

September 14, 2018 — 8:34 PM UTC by Oisin Breen

Brooke's Note: So much talk of trusting millennials to take critical roles and so little evidence that it happens -- at least in the advisor business. Here's a good exception where Salt Financial is putting Ryan Poirier in charge of a newfangled product that requires ...

0 Comments
Jason Lahita: I slowly made myself expendable.

Jason Lahita explains what it means to be true to yourself by stepping aside from FiComm, his booming pr and marketing firm, to rediscover his true passion

Perhaps the best-known RIA PR person out there, Jason Lahita built a firm that grew too big to allow him to do what he loved best--getting in the trenches and crafting campaigns.

September 13, 2018 — 9:12 PM UTC by Guest Columnist Jason Lahita

Brooke's Note: Call us the "Bear-Lehman boomers," a swath of RIA-related micro-start-up founders that jumped into the game during or right after Bear Stearns and Lehman Bros. tanked. Jason Lahita's FiComm was very much one of them. He drew from the there's-got-to-be-a-better-way energy of the ...

5 Comments
Phil Snow: “Distributed architecture allows us to deploy a lot more desks at a lower price point.

After winning Merrill Lynch, FactSet CEO Phil Snow is challenging Big Data for downmarket RIAs, but convincing them to buy a box is an up-sell nightmare

FactSet scored its largest deal ever this August, landing the 15,000-strong Merrill Lynch wealth management arm; Next, CEO Phil Snow is targeting RIAs, but they'll be a much harder audience to up-sell terminals

September 12, 2018 — 8:08 PM UTC by Oisin Breen

Not content with snatching Merrill Lynch from heavyweight rival Thomson Reuters, FactSet CEO Phil Snow is pulling out all the stops to become the Bloomberg of RIAs. But before he can up-sell terminals, he'll have to come up with a reason to explain why RIAs even ...

0 Comments
Anders Jones: "We're partnering with RIAs to buy their small relationships."

A 31 year-old CEO raises $33 million for very RIA venture -- buying too-small RIA accounts, then serving them on a Merrill Edge-type platform in Baltimore

As LearnVest cedes the B2C financial planning niche, Anders Jones gets cash from Warburg Pincus to go after that market with a whole new approach; it includes cozying up to the RIA M&A boys and reinventing how human advisors plan

September 11, 2018 — 10:07 PM UTC by Brooke Southall

After hearing Anders Jones get grilled by Steve Dunlap on the stage at Dan Seivert's conference Wednesday afternoon, I had lots of details burning a hole in my pocket that I then added back into this article. One example is the decentralized "call center."

Brooke ...

1 Comment

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