Focus co-founders Lenny Chang, Rajini Kodialam and Rudy Adolf have gotten Focus Financial to the brink of an IPO.

In another go-go sign, Focus Financial moves up IPO trade date to as early as Monday

After New York roll-up CEO Rudy Adolf completes bang-up road show that emboldened share-price leap, time is of the essence

July 20, 2018 — 9:58 PM UTC by Brooke Southall

Brooke's Note: Mark Tibergien in a recent speech in San Francisco made the audience gulp. The RIA business is only 30 years old, hence the vast, vast majority of these atomized, fragmented and otherwise decentralized businesses are still run by their founders. What the ...

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Larry Raffone just got his life back as Financial Engines went private and shucked all those quarterly calisthenics.

Brooke's Bits: Financial Engines begins private life today; Yahoo!'s Wells Fargo take-down may misunderstand branded wealth managers

Three big brands come together under Hellman & Friedman tutelage and Yahoo! trashes model portfolio use at elite Wells unit, but may be unaware of norms

July 20, 2018 — 3:38 AM UTC

Financial Engines, Inc. is a private company again as of today, and its buyer's checking account is $3 billion lighter.

The Mountain View Calif.-based 401(k) robo-advisor, whose IPO surged 44% in its first day of trading in 2010, will now remake ...

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Neesha Hathi says Schwab micro-arranged how its engineers work.

Wild role swaps at InVest 2018 as Schwab recasts its engineers into micro teams and Acorns founder talks macro corporate partnerships

The giants like Fidelity, BlackRock and Envestnet come to get down with the innovators and the startups strut like giants

July 17, 2018 — 10:23 PM UTC by Graham Thomas

Brooke's Note: The waitress is practicing politics as the businessman slowly gets... You know the rest. In RIA land, the corporations are playing small ball and the digital dudes are trying to play grown-up. We get it. It  should be healthy. But after years ...

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Vestmark Model Trading Service: Let Us Simplify Your Business

Rudy Adolf is walking the tightrope between investment bankers, advisors and KKR -- with man's best friend.

Focus Financial IPO is on at $39 per share as KKR pushes giant share premium, with an eye on raking off an extra $532 million

The New York-based roll-up's CEO Rudy Adolf wraps up his road show fraught with perils for slapping a higher -- much higher price -- on shares

July 16, 2018 — 8:35 PM UTC by Brooke Southall

This just in: In another go-get'em sign, Focus Financial moves up IPO trade date to Monday

Focus Financial Partners Inc. launched its IPO at an eye-popping $35.00 and $39.00 price per share -- a near doubling of what it announced it was ...

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Allison Felix proved herself the old-fashioned way to create a very modern result.

A $2.7 billion RIA makes Allison Felix, 40, its president. She started as an executive assistant out of college.

CEO Steve Cassaday also sold her a minority stake in the firm and paid for half of an MBA as part of her grooming

July 13, 2018 — 7:49 PM UTC by Brooke Southall

Brooke's Note: Back when RIABiz got started, we put a big emphasis on debriefing breakaway brokers who became RIAs. There are lots of good stories but none is better than Steve Cassaday's. See: A breakaway story, old-school style Since his "old-school" breakaway ...

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Donna Wells: I consider myself a hacker, even, if not an engineer.

Betterment turns to ex Mint and Schwab marketing exec Donna Wells to 'hack' back copycat robos and make its brand a household name

No longer the disruptive New York upstart, the $14 billion AUM robo is outgunned by institutional heavy-hitters -- a dynamic Donna Wells knows

July 12, 2018 — 6:12 PM UTC by Oisin Breen

Brooke's Note: The robo naysayers have long made one very boring point about the very exciting prospect of creating from scratch a better, cheaper, fairer and more inclusive financial advice business. Namely, the analysts have pointed to the immutable client acquisition costs they see ...

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Alan Moore: I think the advisor FinTech space is in desperate need of niche tools ... I'm excited to see what strides the industry makes over the next year.

Quick hits: Broadridge broadens to UHNW market with sneaky-success Statpro; Kitces calls out fintech's innovation drought; SS&C's Eric Rocks talks growth where Tamarac and Orion are scarcer

Big companies lurch toward big, green markets even as old one turn brown and begin to decay

July 10, 2018 — 4:46 PM UTC by Oisin Breen

Brooke's Note: So much of what we see every day goes unreported. But much of it'd be of interest to the serious student of this greater RIA industry because all the different channels are racing toward convergence. So when SS&C does something at ...

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