Mike Alfred: Maybe going through the legal process caused them to make the change.

How Vanguard lost a $19.4-billion 401(k) account to Fidelity and why it's the exception to the rule -- and isn't

Chevron boots the hyper-fiduciary Malvern, Pa.-based indexing giant in favor of Fidelity after two dismissed lawsuits

November 21, 2017 — 12:53 AM UTC by By Lisa Shidler

Brooke's Note: Man bites dog. Well, not exactly. Fidelity Investments isn't the 401(k) king for nothing. But here is a case where various parties, on record, use the word "rare." 

A plan sponsor with a $19.4-billion retirement plan fired The Vanguard Group ...

1 Comment
Dan Campbell: Employees and employers pay a lot of wasted dollars into a system that is set up to manage the large chronic claims of their peers.

As health insurance premiums blow gaping holes in financial plans, Bryan Kuderna interviews an expert

Dan Campbell identifies two areas where an employer and/or consumer stands a chance of managing incoming health care missiles

November 20, 2017 — 7:32 PM UTC by Guest Columnist Bryan M. Kuderna

Brooke's Note: Financial planners can hardly be blamed for feeling helpless in the face of health care premiums surging, coverage declining and rhetoric on the fate of Obamacare hitting all-time highs. In the face of such a black torrent, it is often tempting to turn away ...

0 Comments
Bernie Clark: We are at an inflection point where new technology craves data, a scenario where incumbents have the advantage.

Bernie Clark uses Schwab IMPACT 2017 as pulpit to preach Schwab scale as firewall to blaze of dystopian big-data future

With no RIA deliverable to pitch, Charles Schwab & Co. execs presented their go-big, 'no goals' vision for managing accelerating external change

November 17, 2017 — 10:45 PM UTC by Guest Columnist Timothy D. Welsh

Brooke's Note: Tim Welsh artfully draws a picture of what happened to 4,000 people in Chicago over a three-day stretch by reducing it to a few broad strokes. Schwab IMPACT 2017 hammered home the point that Charles Schwab & Co. is very, very ...

1 Comment

Financial planning myths

Demand for financial planning

Technology with a financial impact

Mark Matson: They've gone from smart beta is stupid to we're the ones that can pull it off. It's hypocritical at best and they're applying it completely wrong.

Wealthfront calls its smart beta approach 'superior' to Dimensional Fund Advisors largely because DFA works with RIAs

The Redwood City-based robo-advisor's CIO Burton Malkiel says his firm's robo-approach to factor investing convinced him to reverse his stand on passive investing as unbeatable

November 17, 2017 — 2:21 AM UTC by Brooke Southall

Brooke's Note: The headline of this article could just as easily be: "Wealthfront goes smart beta by getting its chief investment officer to renounce the basis of his fame and put chimps with darts back in their place." The action in this story happened back ...

2 Comments
Barry Friedberg: Hurley’s claim that 'we need a larger investor' is simply absurd.

In letter to the editor Emigrant Bank finance chair calls out Mark Hurley for bad faith, improbable claims

Barry Friedberg answers Hurley's theory of the acrimonious dispute case point by point and makes counterclaims

November 15, 2017 — 9:38 PM UTC by Barry Friedberg

Brooke's Note: After receiving this letter Monday, we briefly considered simply going ahead and publishing it. But we wanted the story to tell both sides so we also wrote this article: After 'thinking changed' Emigrant Bank hires new CEO to either take Mark Hurley ...

0 Comments
Karl Heckenberg: Mark has done a good job building the business. As [EB's] gotten more educated on the business over the last year, the thinking has changed and evolved and at some point you ask yourself, at what cost?

After 'thinking changed' Emigrant Bank hires new CEO to either take Mark Hurley's spot at Fiduciary Network or to head new unit that will compete head-on

With Hurley now characterized as expendable, the New York bank makes Karl Heckenberg chief-in-waiting and Harold Evensky expresses 'reservations' about Emigrant Bank power play

November 15, 2017 — 9:38 PM UTC by Lisa Shidler

Brooke's Note: Long, tightly wound relationships unravel in short order every day. Sometimes it's an accumulation of toxicity that becomes too lethal for the parties to bear. There is plenty of evidence of poison here in the mounting battle between Mark Hurley and ...

3 Comments
Lowell Putnam: It ensures everything on both sides of the transaction is 'fit for purpose,' meaning it's just down to the National Securities Clearing Corp.-DTCC to do the necessary work..

Quovo is developing an ACATS rooter process with Apex Clearing as first to sign on

The Silicon Alley startup is using its data science as a way of attacking a clog considered not susceptible to intervention

November 14, 2017 — 11:09 PM UTC by Oisin Breen

Brooke's Note: When you are a tiny startup competing in a field of giants, you have two choices. You can go low with a microniche or go high and provide a product above and beyond what the giants do because they are stymied by innovator's ...

1 Comment

RIABiz Archives

2017 | 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