News, Vision & Voice for the Advisory Community


Articles published 12/2009


Publish date

Expect to hear more in 2010 from Mike Durbin, who leads Fidelity's fast-growing RIA custody unit

Percolating: RIA custody roundup for 2010

New faces, new programs, new technology and new assets

December 31, 2009 at 4:23 AM

People like to prove the powers of their Blackberry over holidays

10 reasons why working during this holiday week is a good idea for RIAs

The quantity of conversations may drop but the quality rises

December 30, 2009 at 4:27 AM

Benjamin Valore-Caplan: It takes a lot of intellectual gymnastics to view a tax deduction for a charitable gift as a subsidy in the pejorative sense, but clearly there are some policy wonks who are quite flexible.

Advisors: Help protect precious nonprofits by avoiding these four mistakes

Why Warren Buffett is wrong about charitable giving

December 30, 2009 at 4:27 AM

Brian Davis: Start-up RIA firms tend to focus their efforts on client acquisition.

New RIAs gather assets more zealously than veterans

Established RIAs also more likely to report a decline in client base than newbies

December 28, 2009 at 4:44 AM

Marty Kurtz: If we make all the health decisions about money, it's pretty hollow

What RIAs need to know about health care reform

Ken Fisher offer his politically incorrect viewpoint as bill passes Senate

December 24, 2009 at 3:16 PM

Life in Maine: I am working next week and no news story of the first order will go uncovered.

We're winding down a bit over the holidays

Non-deadline projects will take precedence for 10 days

December 24, 2009 at 4:34 AM

Brooke Southall: I asked John, 50, why he didn’t hire a financial advisor and he said that the system was “crooked” and “corrupt.”

What I learned about E*TRADE, Bank of America, Google and the Bubble Lounge during pre-holiday conversations

Just because a wirehouse broker doesn't win the account doesn't mean that another advisor will

December 22, 2009 at 4:41 AM

Andrew J. Fotopulos: If areas of exposure are not specifically mentioned in the policy, coverage may not apply

Why you may not be adequately covered against lawsuits

A careful review of exposure to liabilities could save your practice

December 22, 2009 at 4:28 AM

Tom Bradley: The success of this program is the result of a powerful structure of goal-setting, follow-up and follow-through.

TD Ameritrade takes on Schwab with big consulting push

Smaller custodian will seek to democratize consulting advice on behalf of smaller advisors

December 21, 2009 at 4:14 AM

Rob Isbitts: It's best to be bullish on the ability for markets to recover from anything, but bearish on the philosophy of always staying fully invested in stocks

It’s a rent-and-hold market for stocks

Pressure to make big gains is much less if losses are minimized

December 21, 2009 at 3:06 AM

Brian Moynihan: We think of this not as changing the business model, but changing the way we do business

Merrill Lynch goes unmentioned as Bank of America settles on CEO choice

Krawcheck doesn't figure in, and press release neglects mention of big wirehouse

December 18, 2009 at 5:47 AM

Mary Schapiro: When investors receive similar services from similar financial service providers, they should be subject to the same standard of conduct

'Unthinkable' progress was made on creating a new regulatory world for advisors in 2009

Change is in the air but upcoming Senate elections complicate prospects for 2010

December 17, 2009 at 3:23 PM

Jim Pratt-Heaney:[Making acquisitions] would be very difficult [to do] on our own.

RIAs join Focus Financial with their own acquisition plans

Making purchases is much less scary with a big roll-up at your side

December 16, 2009 at 9:47 PM

SEC Commissioner Luis A. Aguilar: These rules are a "Madoff fix."

SEC details new "Madoff fix" custody rules

Advisor groups relieved: no surprise audits for RIAs with third-party custodians

December 16, 2009 at 9:43 PM

Andy Hyer: Blogs help promote an advisor’s business without being pushy.

Blogging: The costs and risks of hoarding your thoughts are rising

It's a new way for financial advisors to stay relevant with clients

December 16, 2009 at 4:10 AM

Paula Monopoli: Money equals power within a relationship and power asymmetry yields inequality.

Should men control retirement accounts? ERISA rules say yes

Professor says 401(k) system is biased against women

December 15, 2009 at 4:24 AM

Ron Rhoades: Congress should replace the current mismash of  IRAs, SEP IRAs, SIMPLE IRAs, 401(k), 403(b), 457, etc. with four types of accounts

Experts open playbook on retirement plan reform

What's in the mix: eliminating loans from retirement funds, annual rollovers, self-directed Roth IRA

December 15, 2009 at 4:23 AM

Paul Lally: Banks see this possibly as the opportunity of a lifetime to get into the wealth management business.

Banks are hungry to buy RIAs again

The same pressures for growth and non-interest income have them shopping, albeit more cautiously

December 14, 2009 at 5:59 AM

Don Peters: From the standpoint of a fixed income investor who believes in using government bonds as a total return asset, a 50-year U.S. government bond would be to die for.

Why the U.S. should follow China in issuing 50-year bonds

In the next 50 years, rates will likely go much higher

December 11, 2009 at 7:15 PM

Mark Tibergien: Nothing is forever. Advisors say they wouldn’t sell to such-and-such organization, but they do.

Deal bottleneck in M&A caused by buyers expecting fire sale prices, report says

Quantity of deals is down but quality may be up; 2010 looks brighter

December 11, 2009 at 9:10 AM

Tom Giachetti: Brokers say: Tom, Do I need to repay that loan and the answer is ‘yes’.
December 10, 2009 at 5:17 AM

Charles Goldman: Having four, five or six brands is confusing and expensive. People want to do business with Fidelity.

Fidelity is bidding its HybridOne brand farewell

The Boston broker makes the move as Pershing's competing hybrid offering wins raves

December 9, 2009 at 6:00 AM

John Furey: Top advisors only engage professionals referred within their networks

Deal killers for almost-breakaway brokers

How to break the dam of 60,000 wirehouse employees

December 9, 2009 at 4:54 AM

Mark Hoffman: An RIA is just like any small business, but with a slug of regulation.

What You May Have Missed: A broker leaves UBS and loops in executive talent for his RIA

Not satisfied to be a mom-and-pop, wirehouse breakaway hires Boston Consulting Group talent out of the gate

December 8, 2009 at 7:38 PM

Knut Rostad: We see that brokers are ahead of the industry’s lobbies

Stockbrokers are ready to shed their sales culture, says SEI Investments study

The fiduciary standard has literally taken root over the course of six months, advocate says

December 8, 2009 at 4:03 AM

Jim Warren: I promised Art [Tambaro] I would seek out reasons to stay as opposed to reasons for leaving

Why a Royal Alliance champion gave up the cause after AIG made changes

Jim Warren made personal pleas to Art Tambaro but a small IBD nabbed his RIA

December 7, 2009 at 5:09 AM

RIABiz hardly ever waffles

First-ever RIABiz Summit

Partners flock to California to finalize plans for RIABiz Directory

December 7, 2009 at 5:06 AM

Brian Hamburger: We would tell clients: Our corporate practice was no better or worse than any competing firm.

Hamburger acquisition bulks up firm's corporate practice

As RIAs grow more sophisticated, so does legal work to support them

December 4, 2009 at 4:28 AM

David Brochu's company's lawsuit alleges that Focus Financial is buying transaction-based practices in the NFP mold

StrategicPoint sues Focus Financial for information

RIA claims its holding company is acting too much like National Financial Partners for comfort

December 3, 2009 at 6:26 AM

Parick O'Connell: Very simply, we realized that on the employee side that we were running a feeder system to the franchise business [of Ameriprise]

Ameriprise Financial clamps down on franchisees with new rules

New requirements and bigger fees instituted in November could put franchise ownership out of reach for many brokers

December 2, 2009 at 4:30 AM

Advent Software's five-year non-compete clause was not long enough to suppress Matt Abar

The executive Advent bought and buried is back with a vengeance

Matt Abar's second act looks formidable, say beta clients and industry experts

December 2, 2009 at 4:29 AM

Sean Walters: [Advisors] want to stay abreast without paying $6,000 to $7,000

Once a haven for fee-minded wirehouse brokers, IMCA is becoming a melting pot of advisory channels

IMCA conferences -- focusing on investment, wealth management -- are the sole reason that many new members join

December 1, 2009 at 4:02 PM

James Damschroder: The sad truth about modern portfolio management is that the volatility and return relationship breaks down right when we need it.

Why diversification is still the go-to risk killer

The oldie is still the goodie when done properly

December 1, 2009 at 4:44 AM

Ted Schwartz: It is a graphic depiction of non-correlation

[Updated] What RIAs found out about Gsphere

Clients are shocked to see how undiversified their portfolios actually are

December 1, 2009 at 4:37 AM

RIABiz Archives

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo