News, Vision & Voice for the Advisory Community


Eight years after historic Schwab-RIA rift, Jim McCool, the controversial former RIA chief and original Bettinger partner, exits

After McCool hastily axed alternative investments from Schwab RIA platform, Bernie Clark took the chief custody role as part of the healing process

Author Brooke Southall July 6, 2017 at 11:07 PM
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Jim McCool got off on the wrong foot with RIAs, paving the way for a Bernie Clark era.



July 7, 2017 — 1:20 AM
Easy access to financial planning for all is supposed to be the next big THING. Wonder what the holdup on this one is? It was talked about quite some time ago but no evident traction at this point.
Stephen Winks

Stephen Winks

July 7, 2017 — 10:56 AM
When it comes to innovation (1) real time client holdings data, (2) prudent process (3) trade execution as a cost center to be minimized, and (4) machine learning algorithms, a more modern approach to portfolio construction, take precedent to financial planning, an dated technology as it exists today. Continuous, comprehensive counsel of fiduciary duty is the future leading to professional standing in advisory services which importantly advances financial planning. SCW
Brian Murphy

Brian Murphy

July 7, 2017 — 11:46 PM
Bolloxed - it's coming; but unlikely initially from the established players. SCW - agreed. Financial planning has a particularly dated sound to it. I think the next generation of technologies to address these needs will be more akin to a financial concierge, quarterback, or perhaps a sherpa...integrated, always present and suggesting ideas as opposed to one-off projects reviewed on an annual basis.

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