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Tiburon CEO Summit goes high as talk turns to FANG factor on days one and two

The once-dismissed prospect that Facebook, Amazon and Google could enter wealth management was back on the front burner as advice business chiefs gathered and Google contributed to a panel

Author Brooke Southall
October 12, 2016 at 10:44 PM
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John Wotowicz: You have to build brick by brick.

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Noreen Beaman steps down as president of Orion Advisor Solutions after Brinker migrates to Orion software and enterprise deals 'prove out'

The former Brinker CEO oversaw an 18-month transition of her then $26-billion TAMP and will remain as vice chair of the company after 'mutual' decision on role changes.

February 10, 2022 at 2:22 AM

Brad Shepard unexpectedly resigns from Orion Advisor Services after 10 months, and his chief strategy officer position will remain vacant, the company says

The Nashville, Tenn. executive came aboard to create a 'go-to-marketing strategy' for Brinker, HiddenLevers and legacy units but gave his notice this week.

January 7, 2022 at 11:40 PM

RIA Quick Takes: Orion deepens DFA embrace by using it as portfolio manager-inside-ETF ~ Hardship withdrawals surge at Vanguard and Fidelity ~ Schwab hires 400 ~ Fidelity flips six funds into ETFs ~ Kitces makes list before Christmas ~ Amit Dogra has $1 billion of good news from his new Portland gig

Americans are struggling, though jobs are plentiful; Larry Fink's ESG zeal costs BlackRock another client, just as the Vatican issues ESG guidance; UBS says we didn't like you anyway to mass affluent and Michael Kitces and Craig Iskowitz join forces.

December 3, 2022 at 3:16 AM

Fidelity Investments' plan to hire 12,000 by October hit wall of macro-headwinds; no problem, it landed at 15,000; Schwab keeps hiring, too

The Boston giant's people grab could be derailed by indigestion -- the inability to assimilate staff -- an analyst says; but it has yet to materialize so the hiring spree rolls on.

October 29, 2022 at 12:02 AM

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Mentioned in this article:

Tiburon Strategic Advisors
Consulting Firm
Top Executive: Charles Roame

Parallel Advisors
Consolidator/Roll-up Firm
Top Executive: CJ Rendic

Portfolio Management System
Top Executive: Anton Honikman

Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts

Stephen Winks

Stephen Winks

October 13, 2016 — 8:28 PM
The truth is much if the innovation in support of advisory services and fiduciary standing entails the technological development skill set of the FANG companies, this is not a core competency of the brokerage business and completely circumvents the industry's cultural impediments to innovation. When you ask major firms how they will go about creating/developing a fiduciary construct, there are blank faces as it is outside their experience. In fact it has been heresy to even think in those terms. Now that brokers must play by entirely different set of rules if they are rendering advise--the burden is placed directly on executives who have no knowledge of prudent process, enabling technology and the retooling of product menus. The FANG companies are (1) fast studies, (2) understand (a) process and (b) technology, (3) how to necessarily be disruptive and (4) streamline cost--none of which are hallmarks of the brokerage industry highly opposed to the new prudent expert rules.. FANG companies may well be the solution. SCW

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