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Why BlackRock's purchase of FutureAdvisor for $152 million could be a deal of destiny

FutureAdvisor will nestle into BlackRock's risk management unit armed with iShares while Wealthfront and Schwab favor Vanguard ETFs

Wednesday, September 2, 2015 – 7:52 PM by Brooke Southall
Admin:
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Bo Lu is said to have parlayed an introduction to Larry Fink into a lucrative liquidity event.

Related Moves

Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs

Vanguard, BlackRock and Avantis rattle a complacent Dimensional Fund Advisors with fee cuts and ETF roll outs based on 'smart beta.'

August 9, 2022 – 1:57 AM

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

Vanguard Group shows up as 'alpha' disciple with two new fixed-income fund launches as it surpasses PIMCO's $2 trillion with ex-Goldman Sachs partner now calling the shots

The $8 trillion Malvern, Pa. manager owns beta investing, but RIAs are demanding higher income -- hence market timing and cherry picking -- from their fixed-income allocation.

August 10, 2021 – 11:46 PM

Wealthfront's unlikely tapping of Sheila Bair and Tom Curry signals likely push to gain a bank charter, analysts say

The Redwood City robo-advisor's addition of two renowned former chief banking regulators brings legitimacy and guidance that could lead to a margin-fattening bank charter and help solve the robo-advisor's problem of high client acquisition costs.

December 31, 2020 – 4:37 AM


Mentioned in this article:

Sr. Consultant
Consulting Firm
Top Executive: Stephen Winks

AdvisorEngine
Financial Planning Software
Top Executive: Rich Cancro




C G

C G

September 2, 2015 — 11:03 PM

Ask WorkDay about B to C vs B to B. WorkDay has done very well and they go out of their way on their roadshows to talk about how they took cues from Google and Amazon, not SAP. They know something about this, their engineers built PeopleSoft for B to B in the 1990s.

If Blackrock has a problem its because its systems were built during a different era.

Bill Winterberg

Bill Winterberg

September 3, 2015 — 1:29 PM

Brooke, Google “Betterment 13F” and you’ll get the answers you wanted on the ETFs they use.

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