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As Bernie Clark and Walt Bettinger go on offense, LPL and Wells Fargo names get named and a B2C robo dry-up gets foretold at Schwab IMPACT in San Diego

The Schwab CEO, buoyed by his robo, robust quarterly results and DOL fallout at competitors is on offense -- a state of being RIAs can relate to

Author Guest Columnist Tim Welsh October 28, 2016 at 6:41 PM
no description available
Walt Bettinger (with Bernie Clark): It’s fairly safe to say that most of the rest are available for the right check.



RIA Custodians

Stephen Winks

Stephen Winks

October 28, 2016 — 11:02 PM
Bettinger sees it coming, Indeed the fastest route to enhanced performance is elevating the weakest link. When you look at Wall Street still fighting the best interest of the investing public, you see vulnerability. The individual RIA wins big as only the firms structured to support expert advisory services and professional standing will win market share. Savant, CapTrust, Edelman, and a relatively small number of Mega RIAs. in the hundreds with scale and technical acumen will win the day. SCW


October 31, 2016 — 2:27 PM
Tim you need to look up the definition of 12b-1 fees. They are paid to the broker dealer (Schwab), by shareholders of the mutual fund. Asset managers make their money on management fees, not 12b-1 fees. <a href="https://en.m.wikipedia.org/wiki/Mutual_fund_fees_and_expenses" rel="nofollow">https://en.m.wikipedia.org/wiki/Mutual_fund_fees_and_expenses</a>

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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

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