A $2.5 billion RIA makes its mass-market bid for thousands of new clients
Hewins Financial is making the no-minimum move after a six-figure investment in Tamarac software
After adding an ex-iShares product chief to call the shots and -- oye -- lowering fees, Dimensional Fund Advisors humbly and belatedly charges into ETFs and should score $5 billion in two years, an analyst says
DFA nabbed Nicole Hunter's BlackRock ETF playbook and committed to ETF-level fees to show the industry it plans to play to win assets -- even if some come from within.
November 12, 2020 – 4:43 AM
Envestnet nabs Dani Fava to cross-pollinate semi-autonomous units and reap 'financial wellness' as the end product
The Chicago outsourcer has a massive, partially disconnected arsenal of products that CEO Bill Crager is rationalizing into 'wellness' with yet another new unit.
July 23, 2020 – 1:42 AM
Elmer Rich III
“Smart money leaves first.” Don’t have the data but seems prudent to entertain the idea that the RIA market is saturated with vendors, mature and it’s a zero-sum game for new business.
Don’t most industries settle into two major firms and many small ones? The RIA market should be able to look at the life-cycles of other industries for parallels.
Growth for vendors will only come with growth of more RIAs and firms. Demographics would seem to caution against planning on that.
Hallelujah! Finally, a place to refer the small clients that I cannot serve…or should I say, that I choose not to serve. What a tremendous act of philanthropy—thank you!
Of course, they might not want to use “We don’t want our advisors tied up with people like that” in their marketing materials.
P.S. As a current Tamarac user, if you really believe that it can handle “virtually unlimited accounts in automated fashion”, perhaps you’ll be interested in some Facebook stock.