RIABiz

Gerard O'Reilly gets the co-CEO nod after 'evolving' DFAs investing process.

Months after being assigned a new co-CEO, Eduardo Repetto is out at Dimensional Fund Advisors

Gerard O'Reilly, a quiet superstar at the Austin firm, gets heaps of praise from DFA's chairman for moving its investing process forward

August 16, 2017 — 2:42 AM UTC by Brooke Southall

Brooke's Note: Few firms are better positioned than DFA in the industry due to three factors: It is an indexing pioneer, a factor investing pioneer and a pioneer in forging enduring links with hundreds of RIAs. But the competition is waking up. Competitive pressures can ...

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New Moves in the Biz

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Months after being assigned a new co-CEO, Eduardo Repetto is out at Dimensional Fund Advisors

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Elliot Weissbluth's second in command walks from HighTower to an ivory tower of 'pari passu' ownership with an 'impeccable' reputation

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Black Diamond loses serial white knight Dave Welling to a $10-billion RIA that uses Orion

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Jay Shah moves up to CEO spot at Personal Capital

Fred Reish: It may be that the broker-dealers will limit the advisors who can work with large plans.

To the surprise of some, Dept. of Labor grants get-out-of-DOL-rule-jail card to 225,000 firms that dabble in the 401(k) business

Without recent guidance, 401(k) specialists were set to devour one-off accounts held by brokers but new DOL rule guidance offers well-lit path to build toward a far larger 401(k) practice

August 15, 2017 — 12:54 AM UTC by Lisa Shidler

Brooke's Note: Until now, DOL rule mania centered almost exclusively around IRAs. Advisors and broker-dealers were rightly flustered because the trillions of dollars of lightly regulated retail assets in infinitival retirement accounts were dragged under heavy ERISA oversight written by the Dept. of Labor. But ...

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Part of Jon Stein's power lies in taking New York's media glare in stride.

How Power Player Jon Stein's braggadocio about how Betterment is the next Amazon may be a blind distracting from stealth IPO moves and surgical deployment of a flesh-and-blood workforce

Stein, 38, tightened reins at his NYC robo-advisor this year when the COO departed, stuffing more cash into a war chest and adding CFP-wielding humans to the mix at every turn

August 11, 2017 — 4:13 PM UTC by Mia Diamond

Brooke's Note: If there is a quality I find far more annoying than self-aggrandizement, it is its polar opposite where an interview subject does back flips to describe their firm's accomplishments in team terms, deferring credit like a collectivist mantra. The false humility tends to ...

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Matthew Borden: When it goes to the jury it’s gonna be plain to see through what the bank is doing .... Meanwhile my clients are [n]ot cowering from the bank and not shirking their duties to their clients.

Silicon Valley $300-million RIA strikes back at $30-trillion BNY Mellon with act of counter-intimidation

Lyell Wealth's response in the Atherton Lane case discloses dirty laundry list of allegations including blatant cross-selling, bullying ex-Atherton advisors out the door and retaliation against clients considering following them

August 10, 2017 — 4:23 PM UTC by Janice Kirkel

Brooke's Note: Here's a hell of an interesting case involving four advisors breaking away from an RIA -- Atherton Lane -- to form their own firm, Lyell. The twist is that the RIA it left had just been purchased by BNY Mellon -- and here they are being sued ...

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Burt White: Historical technical analysis tells us that buying the dip is often the right move in bullish trending markets.

LPL investment chief to advisors: Buy the dip! What'll it look like? Good question.

Keep an eye out for a pullback triggered by a central bank goof-up, a Trump super-SNAFU or a geopolitical kaboom

August 8, 2017 — 9:56 PM UTC by Guest Columist Burt White

Brooke's Note: I met up with a woman who works for a big asset manager the other day. She sells to big RIAs. In our chat, she admitted that all her money has stayed in cash since the 2008 crash. It has put her in ...

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Michael LaMena: This represents a terrific opportunity for me to join a firm with significant growth goals and an impeccable reputation.

Elliot Weissbluth's second in command walks from HighTower to an ivory tower of 'pari passu' ownership with an 'impeccable' reputation

Michael LaMena trades in a $50-billion-AUA roll-up for $5-billion-AUM roll-up after headhunter lays out case of bright, de-Balkanized Bronfman Rothschild future

August 7, 2017 — 7:24 PM UTC by Brooke Southall

Brooke's Note: If you are a seasoned RIA executive looking for a blue-ocean opportunity then an unseasoned firm with growth pretensions wants you! Whether it's Mercer grabbing Dave Welling, Blucora grabbing Bob Oros, Parthenon pulling Scott Hanson out of semi-retirement, ACG grabbing Greg Fink ...

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Robert Pettman: We're essentially setting up a gating mechanism. The cash is going through the money market fund and that’s why it’s traded with waived. load shares.

LPL Financial clips wings of 20 top fund companies by asserting itself as 'gatekeeper' on newly launched DOL-proof 3.5% flat-commission mutual fund superstore

Using Labor Department as leverage, LPL cuts itself in as middleman between branded fund giants -- including Fidelity, Legg Mason and Putnam -- and its advisors' clients -- in exchange for semi-exclusive shelf space positioning

August 4, 2017 — 10:04 PM UTC by By Lisa Shidler

Brooke's Note: If you thought you heard rumbling in the distance, it might have been weather systems colliding to create a summer thunderstorm. Then again, maybe it was LPL and other broker-dealers bumping up against the largest mutual fund companies in the industry as they ...

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Dab'll Do It

Power Player

Dirty Laundry

Dipping In

Hunted head

Months after being assigned a new co-CEO, Eduardo Repetto is out at Dimensional Fund Advisors

New Moves in the Biz

To the surprise of some, Dept. of Labor grants get-out-of-DOL-rule-jail card to 225,000 firms that dabble in the 401(k) business

How Power Player Jon Stein's braggadocio about how Betterment is the next Amazon may be a blind distracting from stealth IPO moves and surgical deployment of a flesh-and-blood workforce

Silicon Valley $300-million RIA strikes back at $30-trillion BNY Mellon with act of counter-intimidation

LPL investment chief to advisors: Buy the dip! What'll it look like? Good question.

Elliot Weissbluth's second in command walks from HighTower to an ivory tower of 'pari passu' ownership with an 'impeccable' reputation

LPL Financial clips wings of 20 top fund companies by asserting itself as 'gatekeeper' on newly launched DOL-proof 3.5% flat-commission mutual fund superstore

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