RIABiz' 10 most-read stories of 2012: What fascinated you and why
Facebook, fallout from DOL's new 401(k) regs and happenings at Advizent, Addepar and Windhaven were reader catalysts
Cetera hiring Mike Durbin as CEO -- overseeing its existing 'CEO' -- completes Genstar's stellar HR week after it put Charles Goldman atop Orion's board -- with 'exponential' growth in mind for the 'middle market' companies
The Los Angeles broker-dealer nabbed the Fidelity legend to take its $118-billion AUM and 8,000 advisors higher, just as Orion -- also majority owned by Genstar -- makes a similar move.
May 18, 2023 at 1:46 AM
Addepar's chairman writes five-alarm warning about how US immigration red tape is putting foreign engineers through hell, creating a 'quiet crisis' for tech companies
Joe Lonsdale uses words like 'egregious' 'crapshoot' and 'rude' in Wall Street Journal article to explain how 'America and its economy are the butt of the joke.'
October 26, 2022 at 1:12 AM
Joe Lonsdale is prepping Lonsdale Investment Technologies for launch 13 years after founding Addepar -- with the new business model too cannibalistic for comfort, some say
The Austin, Texas, serial entrepreneur is still executive chair of, and a big stakeholder in, Addepar but may need a fresh start to manifest his hyped vision of creating high bandwidth financial flow between retail investors and vast private markets.
February 23, 2022 at 12:09 AM
Surfing a $15-billion-a-week asset growth meteor, Addepar CEO Eric Poirier hires an owner as president to achieve 'escape velocity' and keep operations from flaming out
Addepar is fast nearing $3 trillion, it says, after a 50% RIA asset spike in 2020. Now an Addepar owner through Valor Equity Partners is stepping in to safeguard or supercharge his investment depending on the point of view.
April 9, 2021 at 11:03 PM
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Portfolio Management System
Top Executive: Eric Poirier
Elmer Rich III
Great to see 401k plan stories are popular. For decades, we have been a strong advocate of advisors being involved with DC plans. Think about it:
- These are insti-individual plans and investment vehicles – they are set up under ERSIA as qualified plans but controlled by individuals.
- They demand better investment advice and support that past employer plans – both for plan sponsors and employees
- These plans contain people’s life savings so demand the best investment advice — for a lifetime
Yes, the qualified plan business is compliance heavy and complicated. But advisors can partner with local TPAs for a win-win solution.
Perhaps most important, and challenging, at retirement people need to protect their roll-overs and IRAs to fund MUCH longer periods of retirement.
Quality articles from quite a year! – Mike Byrnes, President of Byrnes Consulting, LLC, www.byrnesconsulting.com
PS just tweeted it out at @ByrnesConsultin