RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

lucky 13

RIABiz turns 13 after riding out Covid-19 and growing at a record rate by trusting that our readers and advertisers 'get it'

sober sailing

Focus Financial is full-tilt deal-making after rollup suspends practice of making 'drunken sailor' bids

Labored Denials

Schwab Advisor Services reveals existence of 'JumpStart' program for TD Ameritrade RIAs caught in merger limbo and its staffers are privately telling RIAs the merger close will happen three months before public deadline

Riskalyzation

Riskalyze finds a chief technology officer who matches Aaron Klein's vison

factor funk

Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--andgrowth

Eric Clarke: Our shared clients were notified the [TDA] program would be sunset about a year ago.
Eric Clarke: Our shared clients were notified the [TDA] program would be sunset about a year ago.

Schwab Advisor Services scuttles Orion's sweetheart TD Ameritrade software deal, but Eric Clarke is hopeful a fresh romance with Apex Clearing may blossom the same way

The Westlake, Texas RIA custodian 'sunset' the 2009 Eric Clarke deal with former TDA CEO Tom Bradley that lifted both Omaha firms.

Wednesday, August 17, 2022 – 1:24 AM by Oisin Breen

Admin:

Brooke's Note: For RIA lifers, it seems like yesterday when Schwab seemed to own the RIA custody business, and Advent Software owned portfolio accounting software. My San Francisco office used to be, literally, situated between the two company headquarters when Advent was based down near ...

Read more
0 Comments

PEOPLE MOVES

Read story
With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO
Read story
After Riskalyze raised a pile of cash, it went shopping for a chief technology officer and found him at Apex Clearing
Read story
Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs
Starting RIABiz in 2009 was about making do from my houseboat couch and well before I had a cell phone.
Starting RIABiz in 2009 was about making do from my houseboat couch and well before I had a cell phone.

RIABiz turns 13 after riding out COVID-19 and grows at a record rate by trusting that our readers and advertisers 'get it'

Founded in the can't get-worse 2009 financial crisis, the Mill Valley, Calif. publication grew in the 2020-2022 COVID crisis right along with the RIA industry.

Tuesday, August 16, 2022 – 1:45 AM by Brooke Southall

Admin:

Brooke's Note: It turned out that the best defense in the financial crisis of 2009 to 2010 was a good offense in the COVID-19 crisis of 2020 to 2022. When we founded RIABiz in 2009, it was a crisis for the financial industry and the ...

Read more
8 Comments
Rudy Adolf: We see a softening of multiples.
Rudy Adolf: We see a softening of multiples.

With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO

CEO Rudy Adolf sees a 'softening' in multiples after a couple of frothy years when CI Financial dominated headlines and big RIA deals

Saturday, August 13, 2022 – 12:39 AM by Brooke Southall

Admin:

The party is over for RIAs fetching P/E ratios more akin to public companies from overeager buyers, and Focus Financial is back in the game, says CEO Rudy Adolf.

Read more
0 Comments
Bob Veres: Several advisors have told me their relationship manager has tipped them to a Labor Day weekend deadline.
Bob Veres: Several advisors have told me their relationship manager has tipped them to a Labor Day weekend deadline.

Schwab Advisor Services denies reports of a Sept. 2023 'hard date' to finalize TD Ameritrade merger as new details emerge about behind-the-scenes efforts to accomodate TDA RIAs

Since at least February, Schwab has been running 'JumpStart' a new program to let TDA RIAs add net new assets onto the Schwab system ahead of the mass conversion of legacy assets.

Friday, August 12, 2022 – 1:29 AM by Oisin Breen

Admin:

With at least a year to go before Schwab finalizes its TD Ameritrade (TDA) merger, new details are emerging about significant behind-the-scenes efforts to accommodate and appease thousands of TDA RIAs who have been left in limbo by the mega-deal.

Read more
1 Comment
Josh Gray 'dramatically improved the velocity of his tech team everywhere he worked.'
Josh Gray 'dramatically improved the velocity of his tech team everywhere he worked.'

After Riskalyze raised a pile of cash, it went shopping for a chief technology officer and found him at Apex Clearing

The Auburn, Calif., risk software maker is undergoing a shift to enterprises and nabs Josh Gray from the Dallas firm.

Wednesday, August 10, 2022 – 2:25 AM by Brooke Southall

Admin:

Riskalyze has a chief technology officer, again, after a fund raise, a key conversation, a resignation, a search and a poach from a rival fintech.

Read more
0 Comments
David Booth has kept a steady hand on the tiller at DFA, but is it enough?
David Booth has kept a steady hand on the tiller at DFA, but is it enough?

Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs

Vanguard, BlackRock and Avantis rattle a complacent Dimensional Fund Advisors with fee cuts and ETF roll outs based on 'smart beta.'

Tuesday, August 9, 2022 – 1:57 AM by Oisin Breen

Admin:

Brooke's Note: DFA was founded in 1981 with an RIA-aligned philosophy of slow-and-steady-wins-the-race, long on thoughtful process and short on glitz. It's going strong in 2022, but if growth is a measure of health, then it's caught a cold or showing early signs of something ...

Read more
0 Comments
Tyrone Ross Jr.: BlackRock leapfrogged everyone today.
Tyrone Ross Jr.: BlackRock leapfrogged everyone today.

BlackRock and Coinbase snatch victory from the jaws of defeat by creating a 'monumental' combo that 'leapfrogs' Fidelity and others vying to dominate advised crypto investing

The New York and San Francisco superpowers in conventional assets and crypto assets sacrifice profit margins and exclusivity with investors but are 'huge' in tandem by tearing down prohibitive RIA barriers, says Tyrone Ross Jr and other RIA crypto experts

Saturday, August 6, 2022 – 1:06 AM by Lisa Shidler

Admin:

BlackRock and Coinbase proved, once again, that the whole can sometimes be greater than the sum of the parts.

Read more
0 Comments

More Recent Stories:

Read story
Goldman Sachs CEO confirms RIA custody service back-burnered amid exec exits, cut budgets and slipped deadlines relating to wealth management
Read story
Schwab's late entry into the 'crypto' game with a 'spaghetti' product just might be primo
Read story
Tuning its 'machine' business model, Hightower Advisors just hired an ex-Carlyle due-diligence maven for alts investing to offer an alternative to the CAIS and iCapital standard inventory
Read story
Facet Wealth throws a lifeline to struggling 'insurtech' firm amid an industry shakeout; Facet is delivering a mother lode of referrals and asking nothing in return
Read story
Chuck Schwab reveals Part B, doubling-down on Walt Bettinger by making him co-chair, a day after Part A -- wagering $15 billion from the Schwab corporate treasury on the CEO's future leadership
Read story
Ashley Arrington is leaving Fidelity for one of its hottest RIA clients, but she'll have to start cold in Nashville to keep her and her boss in the giant's good graces
Read story
After paying $22 billion of shares to buy TD Ameritrade, Chuck Schwab is preparing to spend $15 billion in hard cash to buy his own 'Schwabitrade' stock-- spiking shares in after-hours trading
Read story
Envestnet just named an ESG head to meld 'wellness,' 'The Intelligent Financial Life' and 'sustainable investing' into a single nirvana -- that starts outside of the product realm
Read story
BlackRock CEO preaches a very RIA-like future -- after three awesome wins in five months that total more than $200 billion -- where his $7 trillion manager gets every asset in exchange for unmatched 'completeness'
Read story
Marty Bicknell suddenly has a giant LPL Financial (and mass affluent) future, just as David Canter leaves Fidelity, an executive he tried to forge a future with for mass market advice
Read story
The FPA takes 'legal' action to purge 'planner' charlatans from the RIA business -- a plan certain to 'divide' members but align it with its chief gadfly, Michael Kitces
Read story
Cathie Wood's 'transparency' ETF goes 'poof' under murky circumstances after a star-crossed launch

RiaBiz Archives

2022
August|
July|
June|
May|
April|
March|
February|
January
2021
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2020
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2019
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2018
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2017
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2016
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2015
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2014
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2013
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2012
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2011
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2010
December|
November|
October|
September|
August|
July|
June|
May|
April|
March|
February|
January
2009
December|
November|
October|
September|
August|
July

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING
Add Your Listing

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo

RIABiz

About Us
Contact
Subscribe
Advertise

Directory

Archives

401(k) Stories
Breakaway Stories
Conferences
ETFs
Hybrid RIA
RIA Compliance
RIA Custodians
Robo-Advisors
TAMPs
Women of Wealth Management
People Moves
Technology

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2022 RIABiz Inc. All rights reserved.