News, Vision & Voice for the Advisory Community


Oisin's Bits: Sallie Krawcheck defends latte-spending after high-net-worth pivot • Black Diamond surges past $1 trillion • Fieldpoint loses $400 million book of business to HighTower RIA sparking war of words

Sallie Krawcheck rails; the Jacksonville portfolio management firm dwarfs Advent; and a HighTower RIA airlifts $400 billion from Fieldpoint, sparking strong words

Author Oisin Breen May 20, 2019 at 4:32 PM
no description available
Sallie Krawcheck: All this nonsense about lattes and shoes is shifting the attention -- and thus the blame -- for the underlying systemic money challenges women face, to the women themselves.



Women of Wealth Management



Jeff Spears

Jeff Spears

May 20, 2019 — 7:14 PM
Sallie should be mad - I'm mad too! But I hope she can pivot her anger and the admiration of her colleagues at ALL of the firms she ran and parlay that into further AUM and client growth
Jesse Morehouse

Jesse Morehouse

May 21, 2019 — 7:04 AM
Question Did the Fieldpoint jumpers make the move to TP/HighTower pre or post broker protocol switcheroo?
Oisin Breen

Oisin Breen

May 21, 2019 — 11:20 AM
Hi Jesse, Thanks for the question, it was pre the switcheroo. Thought about including a wee line on it, but it wasn't quite on the nose of the narrative, and these 'shorts' have a propensity to start nudging you in the ribs with a 'go on... add more detail...'

Related Moves

March 21, 2024 at 4:41 AM

Oisín's Bits: Wealthfront drops old mission statement, declares war on institutions and emphasizes banking future • Seeking Utah charter, Edward Jones may become largest bank in US by branch count • After Advent chief leaves, Black Diamond head steps up

Andy Rachleff cans the old 'democratizing' mission statement at his robo; The 14,200 one-man Ed Jones branches may become branch banks; Steve Leivent consolidates power at SS&C.

July 3, 2020 at 1:12 AM

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

A 20-year Merrill Lynch veteran got Sanctuary Wealth to $10 billion in AUA in 15 months with no outside capital and no time in bed: 'Nobody's slept since April'

Jim Dickson also recruited HighTower talent, Amit Dogra, to bring the old HighTower brokerage model and execute it as HighTower veers toward buying RIAs

August 15, 2019 at 7:58 PM

See more related moves

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.