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'.

3 hours ago by Brooke Southall

Fidelity Investments may have blown it once when it stood back for a decade-plus to see if that whole ETF thing was real.

But Abigail P. Johnson, chairman and CEO of Fidelity Investments isn't about to let that sort of once-in-a-generation shift go by ...

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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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Jason Crane: We pride ourselves on our ability to attract high-end talent when the need arises.

Amid its reports it'll get flipped, Ascensus makes exec hire number seven in six months

Bloomberg writes that the Dresher, Pa.-based recordkeeper roll-up seeks a buyer; no matter, Ascensus continues to hire, bringing aboard Todd Engman as its latest regional vice president for 401(k) sales in the Northern Regions.

October 9, 2018 — 7:22 PM UTC by Oisin Breen

Brooke's Note: If you are owned by private equity investors, you are pretty much for sale. And forget about the old seven- or eight-year cycle. In a hot market like financial advice, tweak, revalue and run is a good strategy. So Ascensus is reportedly ...

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Dan Seivert (r.): The private equity guys are just phoning it in and not getting to know advisors.

Dan Seivert and Mark Tibergien karate chop private equity investors for being little more than financial engineers in RIA orbit

The CEO of ECHELON and the CEO of Pershing Advisor Solutions describe the investors like hedge funds that make savvy purchases of depleted oil wells

October 8, 2018 — 7:22 PM UTC by Brooke Southall

Brooke's Note: We all consume conferences based on multiple factors -- including quality control. The DealMaker's Summit controls from the top with Dan Seivert doing two excellent sessions, the second with help from Mark Tibergien. Seivert got extra, very timely, assistance in 2018 from ...

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