Tricia Haskins: As they got bigger they used technology more for efficiency and scale [of their practices.] Now it's more about client experience.

Fidelity Investments launches its API-forward 'open architecture digital store' as big RIAs demand help fine-tuning client service -- with Schwab likely on deck

The Boston giant's push is more about RIA self-help than the third-party integrations TD Ameritrade makes hay with but now Schwab Advisor Services may be pushed to respond

11 hours ago by Brooke Southall

Fidelity Investments launched its version of an Apple Store for RIAs who want to plug in bits and pieces of established software connectivity to make their own montage of client experience.

The Boston RIA custodian and clearing house for banks and brokerages became the latest to ...

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Michael Burwick: RIAs should be on notice that there is now a zero tolerance policy with regard to even minor or sporadic violations of this type [suspicious activity report and banking secrecy act violations] and the Commission’s hefty fines are an exclamation point on that zero tolerance policy.

As SEC's 'zero tolerance' era for RIAs commences post-DOL, a regulatory law firm makes anticipatory hires

Wagner Law Group jacks up overhead with three hires for what could be a bogeyman or a very major shift in the tide toward a more FINRA-like time of rule enforcement

18 hours ago by Oisin Breen

Brooke's Note: It is hard to grow, prosper and innovate in a world where rule cops watch your every move. RIAs have lived through a golden era of infrequent and humane audits and the RIA business as a whole grew, prospered and innovated. Now ...

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Abby Johnson: We expect to continue investing and experimenting, over the long-term.

After five-year stealth project, Fidelity goes big-time into crypto-asset custody with standalone company

CEO Abby Johnson founds Fidelity Digital Asset Services for enterprise-quality custody and trading, with pledge for more 'investing and experimenting'

October 15, 2018 — 6:45 PM UTC by Brooke Southall

Brooke's Note: More than one person has noted to me that the rise of legalized cannabis and legalized printing of your own cryptocurrency have risen on much the same tide and it seems apt. When you're consuming cannabis, you are never quite sure ...

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[Adam Birenbaum and] (r.) Alex Potts: We're not DFA. We happen to use a lot of their solution.

Unseen factors drove the BAM, Loring Ward $50B merger; 18-month warming, light Focus Financial touch, led to reverse merger in spirit and birth, CEOs reveal in exclusive interviews

Buckingham CEO Adam Birenbaum desperately needed a TAMP CEO; Loring CEO Alex Potts needed a succession system for his TAMP clients

October 12, 2018 — 6:12 PM UTC by Brooke Southall

Brooke's Note: Sometimes life deals you lemonade without having to squeeze many lemons. No sooner had the BAM-Loring Ward merger been announced on Sept. 28th than Loring Ward had its national conference last week in San Francisco and I was able to interview the ...

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Lou Harvey: They're giving advice for free and everyone else will have a dickens of a time beating a zero cost offering.

How Fidelity used a robo-advice exemption to stick the landing as a fiduciary to 401(k) participants after the tumult of the DOL rule

The Boston king of DC plans had to withdraw from advising plan sponsors but followed a 12-year-old rule that permits a 'computer model' for the little guys

October 11, 2018 — 3:37 PM UTC by By Lisa Shidler

Brooke's Note: How did Fidelity weather the big three-year storm of adopting the DOL rule as it came to be then having it blow itself out. The short answer: Pretty well. What helps is that it had long since figured out what advice to give ...

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Sheryl Garrett: I think it could be too much power at one entity.

FPA soldiers through CFP Board tension at its 2018 national event

It's technically a small dispute with the CFP Board but any rift is big when it's your Siamese twin

October 11, 2018 — 3:51 AM UTC by Graham Thomas

Brooke's Note: The FPA and the CFP Board have worked in remarkable harmony for a long time. But the complexity of the business, its regulatory environment and diverging agendas are creating challenges -- and differing views of just how to take on those challenges. In other ...

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Andres Garcia-Amaya: Too many advisors don’t know what they’re doing ... they say the nice words and have the nice suit and the nice office, most people are sold, the bar is so low. Two weeks of the Series 65 and a gym teacher is a financial advisor.

Andres Garcia-Amaya taps two industry vets to guide Zoe Financial through the RIA referral market's rocky shoals, which have sunk more than one firm

Backed by a $2 million VC injection from JP Morgan and ex-BlackRock execs, the NYC startup appoints wirehouse veteran Robert Deutsch and Acorns' investment guru Chris Jones to board

October 9, 2018 — 8:55 PM UTC by Oisin Breen

Brooke's Note: One of the reason's that Barron's continues to be the arbiter of "Top" advisors is because implicit in its dubious bigger-is-better methodology is the question: Have you got a better way of measuring advisors? Nobody really does. But here come ...

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