News, Vision & Voice for the Advisory Community


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
no description available
T3 organizer Joel Bruckenstein (l.) set the stage for a smorgasbord of announcements, acquisitions and integrations.

Related Moves

Addepar hires Advent genius then launches 'Advent Converter' to court the RIAs still on Axys and APX ; PortfolioCenter 'easy button' comes next

The tactic by the Mountain View, Calif. firm and Advent co-founder and code avatar Steve Strand comes a decade after Orion, Black Diamond and Tamarac began feasting on the legacy corpses, but Addepar insists meat remains on the bone.

March 3, 2020 at 5:05 PM

Charles 'Chuck Schwab' called James Gorman to protest a two-broker poach, kicking off a hydra-headed legal battle, costing Morgan Stanley millions, so far

The Schwab founder and chairman invoked Charles Schwab Corp.'s zero-tolerance policy against Wall Street -- or RIA -- poaching of talent and AUM from Schwab branches.

March 9, 2023 at 1:23 AM

Fidelity will hire 4,000 staff in first half -- a staggering number but a tapering off from 'unprecedented' rate in 2021-2022 that catapulted it to 68,000 employees

The $10.3 trillion giant explains its hiring -- in a layoff environment -- as an RIA-like goal, namely having the human bandwidth to develop 'lifetime' relationships with its 40 million investors

February 17, 2023 at 2:49 AM

Addepar's chairman writes five-alarm warning about how US immigration red tape is putting foreign engineers through hell, creating a 'quiet crisis' for tech companies

Joe Lonsdale uses words like 'egregious' 'crapshoot' and 'rude' in Wall Street Journal article to explain how 'America and its economy are the butt of the joke.'

October 26, 2022 at 1:12 AM

See more related moves

Mentioned in this article:

MarketCounsel | Hamburger Law Firm
Consulting Firm, Compliance Expert, Legal Services for RIAs
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

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo