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Publicly traded 'RIA' stocks are having a banner 2017

Wall Street is loving shares of Schwab, Envestnet, Morningstar and LPL

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Jud Bergman's Envestnet has seen a spectacular rebound in its share price since early 2016.

Related Moves

November 18, 2022 at 2:56 AM

Envestnet just named an ESG head to meld 'wellness,' 'The Intelligent Financial Life' and 'sustainable investing' into a single nirvana -- that starts outside of the product realm

Ron Ransom earned CEO Bill Crager's trust as chief business development officer and now will define how Envestnet conducts itself as a global citizen and vendor of wellness.

July 27, 2022 at 2:27 AM

Robinhood gets 'brilliant' upper manager -- and a spare CEO -- by nabbing TD Ameritrade's ex-thinkorswim top exec, hopefully to throw a lifesaver to Robinhood's sinking stock

The Menlo Park, Calif., firm nabbed Steve Quirk as first-ever chief brokerage officer to 'bridge the gap between academia and reality.'

January 6, 2022 at 10:33 PM

Oisín's snippets: Charles Schwab brand goes up on Omaha's TD Ameritrade stadium, home of college baseball world series • Interactive Brokers lands an RIA custody insider, Charlie Latimer, to climb the custodian ladder

The TDA brand lives on until the techies figure out how to make two systems into one, but change is in the air in Omaha, while Interactive Brokers gets a leg up in the custody business with a new hire.

December 27, 2021 at 9:58 PM

See more related moves

Mentioned in this article:

LPL Financial
Asset Custodian
Top Executive: Dan Arnold

Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law

Envestnet Inc
TAMP
Top Executive: Jud Bergman

Morningstar, Inc.
TAMP
Top Executive: Joe Mansueto




Jeff Spears

Jeff Spears

December 8, 2017 — 3:18 PM
Looks like the best investment is in picks and shovels for independent advisors.
Bob

Bob

December 9, 2017 — 1:55 AM
I would temper the exuberance these businesses are a “levered play on the markets”, it shouldn’t astonish to see this type of share price performance in a year when the S&P 500 is up ~ 20%. To see these type of share gains in a “flat and fat” period (lower stock market returns w/ higher volatility) you have to demonstrate credible growth drivers independent of broader market, and healthy margins / profitability…This is a significant challenge for RIAs, independents, and countless other businesses across financial svcs

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