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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.

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 ...

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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.

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 ...


Rudy Adolf: We see a softening of multiples.
Rudy Adolf: We see a softening of multiples.

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.

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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.

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.


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.'

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.

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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?

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 ...

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Tyrone Ross Jr.: BlackRock leapfrogged everyone today.
Tyrone Ross Jr.: BlackRock leapfrogged everyone today.

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.

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