Mike Alfred: There's no Schwab or Fidelity. Go beyond CoinBase and it's the frickin' Wild West.

Mike Alfred also exits BrightScope to follow brother Ryan into cryptocurrency sphere

With Mark Casady and Josh Brown as backers, the former BrightScope CEO raised a quick $1.5 million over the weekend, partnered with a third Alfred -- Eddie -- and set about casting light on 1,000 cryptocurrencies for hedge funds

2 hours ago by Brooke Southall

Brooke's Note: What happens when you combine an opportunity as big and explosive as cryptocurrency with an entrepreneur who just spent more than a year as a corporate staffer? You get this story of Mike Alfred leaving BrightScope and immediately founding a new one ...

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Ron Carson: I feel like Netflix.

Ron Carson 'arrived' after investing $52 million, grabbing Orion and TD talent and letting his hair down

Pumping out content 'like Netflix' and preparing for an Amazon fee squeeze, the Omaha entrepreneur is set to just keep investing in growth

10 hours ago by Brooke Southall and Randy Diamond

Brooke's Note: Pity the reporter who writes about Ron Carson's new venture. Randy Diamond quickly learned there are so many layers and aspects. The question is whether what Carson has built is an advisory business maestro unveiling his master work in the prime ...

1 Comment
Julie Back: We have been struck by our firms’ similarities.

Greg Friedman buys 'needle-in-a-haystack' Seattle RIA

With a much more feminine look, the CEO of Private Ocean can now assault Amazon.com wealth

January 20, 2018 — 12:11 AM UTC by Brooke Southall

Brooke's Note: Idle hands. If you are Greg Friedman it means you renew your roll-up efforts to make a pond of assets into more like a private ocean. All kidding aside, it exciting to see this second act come so tightly on the heels ...

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David Root: It's a Pittsburgh story. It was a once-in-a-lifetime opportunity to try to take full advantage of our position.

How a $500-million Commonwealth rep became a $5-billion-plus RIA in two years and where Dynasty's M&A war on roll-ups comes in

After forming his own RIA, moving assets to Schwab and partnering with Shirl Penney's firm, David Root just kept M&A-rolling into 401(k) clover

January 19, 2018 — 8:19 PM UTC by Oisin Breen

Brooke's Note: Roll-ups are often their own worst enemies. Their ability to write checks to buy revenues is an awesome power but comes with the danger of getting drunk with that power and failing to maintain those assets profitably long-term. Now, roll-ups have a ...

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Larry Fink: We also intend to double the size of the investment stewardship team over the next three years.

Chafing under $4 trillion of passive assets, BlackRock CEO warns Fortune 500 CEOs he may bring other activist means to bear

Already adding 'factors' and Aladdinizing robo-technology, Larry Fink's 1,755-word missive warns his firm will also invest with good of society in mind

January 18, 2018 — 6:51 PM UTC by Brooke Southall

Brooke's Note: When you run $6 trillion of money it's tricky to see the big picture because you are the big picture. At that level, the only real risk to your company is if something bad happens to the world. Bad as in bad, like the ...

0 Comments
Robert Roley: If we can make that pain go away, it's a huge value add for them.

How much of SS&C's $5.4-billion buy of DST Systems trickles down to Black Diamond RIAs? Maybe a good bit

The mother lode of DST data is expected to salve RIA data aggregation distress as the mega-vendor of data to Advent Custodial Data comes in-house

January 17, 2018 — 6:54 PM UTC by Brooke Southall

.Brooke's Note: Six years ago, I recall the excitement of Advent buying Black Diamond. All that scale brought to modern portfolio accounting! Just a few years later, SS&C swallowed Advent without a glass of water. Now this. The technology is fast advancing but the ...

0 Comments
Rob Foregger: John Hancock is the first to do it.

NextCapital does $30-million VC round with a staggering objective that's taking shape first with John Hancock

Nearing 100 employees, the Chicago-based robo-advisor blurs 401(k) and retail asset distinctions by making advice factories out of investment product manufacturers

January 16, 2018 — 8:06 PM UTC by Lisa Shidler

Brooke's Note: When I caught up with Rob Foregger during the editing stage of Lisa's article he exuded an unhurried urgency when talking about cofounding his second robo-advisor from his Vermont home. See: Personal Capital gets $75 million investment and an ex-Schwab retail chief in ...

1 Comment

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