RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

LPL signs on with FolioDynamix for rebalancing to boost its IBD offering and Fortigent's

The huge independent broker-dealer will wean advisors off its homegrown trading and rebalancing suite and stick with Fortigent for research and performance offerings

Tuesday, January 15, 2013 – 6:28 AM by Kelly O'Mara
Admin:
no description available
Christopher Giles: Folio offers us a competitive platform to grow into.

Related Moves

How a white senior vice president at an LPL OSJ came to hire a former black minister as recruiter despite the latter's pledge to make it 'uncomfortable' at times

Rob Sandrew hit it off with Keith L. Frasier, willing to speak up on racial and racial justice issues, who also checks all the boxes for attracting talent and assets at a firm that recruited $2 billion last year

August 19, 2020 – 2:18 AM

Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 – 2:02 AM

RIA in a Box gunning for top-notch staff as it readies for Aquiline-fueled roll-up binge, targeting old-school, mom-and-pop compliance competitors

With Ascensus also in its portfolio, Aquiline is showing a penchant for taking dull, fragmented, unloved wealth-management niche businesses and rolling them up into sexier firms

November 29, 2018 – 11:54 PM

His days of playing defense done, Jeff Concepcion pinches pennies then poaches a Fidelity and Schwab veteran to execute grab for next $6 billion of AUA at Stratos

Lou Camacho will pursue goal of $600 million a quarter in new assets on behalf of OSJ that wants much more inorganic growth

October 5, 2018 – 7:40 PM


Mentioned in this article:

LPL Financial
Asset Custodian
Top Executive: Dan Arnold

FPPad.com
Consulting Firm
Top Executive: Bill Winterberg

Cetera Financial Group
RIA-Friendly Broker-Dealer
Top Executive: Larry Roth




Frederick Van Den Abbeel / TradePMR

Frederick Van Den Abbeel / TradePMR

January 15, 2013 — 4:23 PM

Interesting to see how some firms are developing their technologies. Some choose to offer an integrated comprehensive solution on one platform to allow their Advisors with a true single-sign on experience offering real-time data and information exchange while others, perhaps due to legacy system issues, are working hard partnering with external providers in an attempt to replicate a comprehensive solution. It appears the RIA Industry in general is turning a corner in terms of technological advancements which I feel is a betterment for us all.

Jeff Spears

Jeff Spears

January 15, 2013 — 4:51 PM

Segmentation!

LPL needs to address the needs of two segments of the market. Their largest segment, mass affluent, is better suited for FolioDynamics and their smal but growing ultra affluent segment is best served by Fortigent.

LPL “gets it”

Stephen Winks

Stephen Winks

January 15, 2013 — 10:24 PM

The comprehensive fiduciary solution, that simplifies advice and streamlines cost seems to be universally desired. Thus the challenge with complex, expensive incremental solutions that do not integrate well and are not user friendly, often limited by outdated technology. All would argue for a new less expensive, simplifying expert fiduciary solution for advisory services.

Whoever cracks the code on modernity and faster, better, cheaper and far superior ways to construct an unlimited number of custom client portfolios wins.

Fortigent brings superior intellect but is not scalable as you would think for the often customized needs at the high end of the market. It was surprising that LPL’s rebalancing capability was inadequate for advisory services, as was the puzzeling under-utilization of rebalancing in retail accounts.

Thus a very good sign LPL is being more progressive in their support of advisory services and their advisor’s value proposition.

SCW

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo