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An e-marriage of Schwab and Fidelity, a reflective Ron Carson and good jargon-bashing made T3 take off like that helicopter outside

Addepar and FolioDynamix team up, Fidelity defends its robo-AMP and Carson tells why the Carson Wealth-LPL partnership failed -- and what blame he takes

Author Graham Thomas February 21, 2017 at 6:52 PM
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T3 organizer Joel Bruckenstein (l.) set the stage for a smorgasbord of announcements, acquisitions and integrations.

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September 8, 2023 at 11:58 PM

Biz Briefs: AdvicePay waives key hiring requirement to land its next CEO • ESG firms may get OK in Oklahoma • eMoney adds new chiefs • CFP Board names new chair-elect • Robinhood cuts more staff

Alan Moore replaces himself with another guy with two respectable titles • eMoney promotes two • Moisand's third in line now known • Robinhood sacks 173 in year-to-date.

July 26, 2023 at 2:34 AM

Biz Briefs: The sorry scene at my local First Republic branch • Schwab launches new (smaller) lay-off round • Schwab hoovers pennies passing FINRA fee to clients • Gensler pleas for funds • Fidelity owner's private equity pres. retires • an Orion-Envestnet staff switcheroo • LPL dumps FutureAdvisor

Range Rovers screeched in and drivers joined a grim queue to get their cash, and cookie • The Schwab-TDA deal cull count now stands at roughly 3.5% of its staff • FMR's hockey star president has stepped down • SEC chief wants more enforcers • An Envestnet executive proves joining a rival is good business • LPL now has an in-house robot.

April 29, 2023 at 1:36 AM

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Mentioned in this article:

MarketCounsel | HamburgerLaw
Compliance Expert, RIA Set-up Firm, Regulatory Consultant
Top Executive: Brian Hamburger

eMoney Advisor LLC
Financial Planning Software
Top Executive: Edward O’Brien

Technology Tools for Today
Consulting Firm
Top Executive: Joel Bruckenstein

Portfolio Management System
Top Executive: Eric Poirier

Carson Group
Consulting Firm
Top Executive: Ron Carson

Financial Planning Software
Top Executive: Rich Ellinger

Financial Planning Software
Top Executive: Rich Cancro



February 22, 2017 — 1:19 AM
In response to this quote, 'An unconfirmed number of a thousand shared customers does indicate that grassroots RIA pressure might have convinced Schwab to turn a blind eye to who owns eMoney.' Think of Schwab as a bank. Oh wait they are a bank! The margins on the RIA side for Schwab are slim. Which means they really don't care that much about it. Look at what they've done on the fintech side...not much. Oh yeah they have a robo tool...I wonder why they allocate so much to cash. With interest rates increasing Schwab is set to make a bundle. Schwab's stock has almost doubled in a year as well as other banks. I'm not bashing Schwab at all. I believe they're a great firm. What I'm saying is the RIA side and fintech side of Schwab is ehh.


February 23, 2017 — 12:19 AM
In response to this comment: "Having heard Ron Carson, CEO of Carson Wealth, speak many times in the past, he seemed to me more his usual maniacally upbeat and energetic self than at the Market Counsel event in which I last saw him appear." That's because at the MarketCounsel Summit he had no voice and was sick as a dog. So not only would I submit that he was in fact, his usually 'maniacally upbeat and energetic self' (on the inside), but this serves as further evidence that he is an unstoppable industry force that won't let something like acute bronchitis slow him down. Also perhaps proof that one would need to be comatose in order to miss an opportunity to speak at the MarketCounsel Summit.
brooke southall

brooke southall

February 23, 2017 — 1:25 AM
No doubt we grade Ron's energy on a curve. We always expect the other guy to power through a killer cold. As someone with a bad cold right now I'm feeling very sympathetic to being on the receiving end of a virus! -Brooke

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