Schwab IMPACT 2013 is another great bash but picketers and Fidelity siphoned off some precious RIA attention
Attendees were greeted by disgruntled ex-Schwab advisors chanting 'Find out how Schwab terminates' and Fidelity's RIA campaign jumped out at you on every sidewalk
UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture
Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.
July 16, 2022 – 1:35 AM
Fidelity Investments loses Kathleen Murphy who largely caught up Fido to Schwab (near $4T) on the retail side by reversing net promoter scores
The 'no whining allowed' leader of the Boston giant's retail business, who oversaw $2 trillion in net new assets, was ready to exit but hung in through a year dominated by COVID-19 challenges
January 23, 2021 – 2:02 AM
Fidelity Institutional looks like a big TAMP after Mike Durbin removes last internal walls between products and advisors after 'meteoric' 2019 leap; two Fido RIA sales legends depart amid the shift
Rich Policastro and Tom Valverde are out after Fidelity Custody & Clearing assets leap to $2.6 trillion AUA, restructuring gets the credit -- and so restructuring gets extended.
March 13, 2020 – 10:36 PM
Fidelity, others pounce on TD RIAs with a vengeance following Schwab merger, but Schwab finds a white knight to defend its new Texas fort, and, suddenly, Tom Nally's future seems clouded at 'Schwabitrade'
Former TD Ameritrade RIA chief and retail chief Tom Bradley will assist Bernie Clark in instilling trust and applying 'modern' service to the under$100-million crowd during an age of anxiety at both firms
December 10, 2019 – 2:05 AM
See more related moves
Brooke and Tim,
I know it’s been two months since I our last debate over the “industry’s largest CRM:”
<a href="http://www.riabiz.com/a/24119436/after-years-of-making-junxures-future-more-cloud-y-friedman-takes-a-big-stage-in-texas-to-explain" rel="nofollow">http://www.riabiz.com/a/24119436/after-years-of-making-junxures-future-more-cloud-y-friedman-takes-a-big-stage-in-texas-to-explain</a>
So again, Welsh cites:
“Greg Friedman, chief executive of Private Ocean and leader of the industry’s largest CRM, Junxure”
But at last week’s T3 Enterprise conference, I learned that Redtail Technology has over 70,000 users of its CRM.
By my count, that makes Redtail the industry’s largest CRM.
And thank you for offering the disclosure about Welsh’s consulting relationships with various parties mentioned in the article. It’s a good start.
Can future disclosures identify current consulting for companies mentioned in articles at the time of publication? Investment newsletter writers have to disclose current positions in stocks at publication, after all.
Someone asked for citations, so I offer two in hopes that this solves any confusion:
Financial Planning Magazine 2012 Tech Survey: <a href="http://www.financial-planning.com/fp_issues/42_12/technology-survey-financial-planners-2012-2682068-1.html" rel="nofollow">http://www.financial-planning.com/fp_issues/42_12/technology-survey-financial-planners-2012-2682068-1.html</a>
InvestmentNews 2012 Adviser Tech Survey: <a href="http://www.investmentnews.com/article/20120826/CHART/120829952&issuedate=20120823&sid=TECH0827" rel="nofollow">http://www.investmentnews.com/article/20120826/CHART/120829952&issuedate=20120823&sid=TECH0827</a>
And the 2013 update from InvestmentNews: <a href="http://www.investmentnews.com/article/20130707/CHART/130709971" rel="nofollow">http://www.investmentnews.com/article/20130707/CHART/130709971</a>
I think this is the best quote from the article…
“Your web address will be more important than your street address.”
If advisors understood this they’d be investing more resources into their online presence. Hope the message eventually sinks in! — Mike Byrnes, President of Byrnes Consulting, LLC, www.byrnesconsulting.com
Charles Schwab allowed the fraudulent reporting of a illegal account to leave a single mother of five with a debt from the IRS totalling to date 2.8 million dollars. Despite receiving a Court Order to transfer and reproduce paperwork to correct the illegal reporting and transfer the account to the felon known by them, and despite acknowledging that all signatures on the account documentation were forged, Schwab still refuses to comply in an ethical and moral manner. Schwab has been in receipt of the documents to prove my innocence since 2001 yet they concealed account documentation until 2013.