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Articles published 7/2010


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Jon Patullo: No other custodian actually engaged [these vendors] in this fashion and set up a summit, so they're very excited about it.
July 30, 2010 – 6:30 AM

Manish Dave: It's not enough to have technology and a payout. Ameriprise wants to be a strategic partner.

In a move that risks a backlash from within, Ameriprise opens the door wide for bigger wirehouse brokers

Training advisors has become more expensive, says analyst -- so the company has a new strategy to recruit experience advisors

July 30, 2010 – 2:46 AM

Joe Perry: The way  JHS presented its ethical guidelines helped win his business.

A decade of baby steps led a broker from Merrill Lynch to a three-office hybrid of his own

Potomac Investments now uses broker JHS, where an ethics policy carried the day

July 29, 2010 – 3:49 AM

Scott Dell'Orfano: Bigger teams are more educated, thoughtful, diligent. They’re asking pertinent questions.

Fidelity weighs in with breakaway results reinforcing the big-advisor trend

Are cost-cutting wirehouses creating a farm system for top entrepreneurial teams?

July 29, 2010 – 3:47 AM

Bill Crager: There's real business happening in the RIA market.

[Updated] 10 reasons why the Envestnet IPO filing is for real

The platform giant has a monopolistic position and the opportunity to pull away

July 29, 2010 – 2:22 AM

Taking on the naysayers, Bob Veres explains why he sees a rosy future for RIAs.

Bob Veres' vision: Scalable, multi-partner RIA firms will be profitable and powerful enough to beat the wirehouses

Microbusinesses dominate the industry -- for now. That may change as the industry evolves along the lines of the legal profession.

July 28, 2010 – 3:17 AM

Daniel Barry: As a former securities industry association lawyer, I have a more balanced view.

Daniel Barry takes on two big challenges: fighting for financial advisors and filling the size 15E shoes of Duane Thompson

Barry says he'll fight hard for financial planners and RIAs, but half of FPA's members hold a Series 7

July 28, 2010 – 3:12 AM

Ron Rhoades: Many RIAs rightly question the utility of limited inspections by regulators.
July 27, 2010 – 1:57 AM

William Webster: I’ve seen a lot of wirehouses lose their significance

Smith Barney broker leaves wirehouse realm after 38 years

Recruiter: an increasing number of older advisors are leaving wirehouses to be sure their books of business go to someone they trust

July 27, 2010 – 1:52 AM

Kristina Fausti: We've entered a new regulatory era that calls for greater transparency and accountability.

How financial reform gives the SEC new bite; plus at least five other things advisors ought to know about the legislation

The new financial world will be constructed mostly out of the public eye, as regulators begin studying 150 issues Congress punted to agencies

July 26, 2010 – 3:36 AM

David DeVoe: Of the deals completed so far this year, 55% were for $250 million or less.

M&A market for RIAs continues record pace: Second half looks even stronger

As compliance burdens grow, smaller firms are driving merger activity

July 26, 2010 – 3:33 AM

Brett Sharkey: Quite honestly, I was not interested in the idea at first. Look! We have done it; we are out [of Smith Barney]. That taste of freedom is sweet.

HighTower wins its first-ever existing RIA after offering the breakaway a new way to do business -- and a chat with David Pottruck

Three Bridge Wealth Advisors surpised itself by giving up its 'sweet' freedom to regain the advantages of scale

July 23, 2010 – 3:54 AM

Alan Olsen: The DOJ has plenty of leads developed from last year's amnesty program, and from the agency's pursuit of banks.

The next step in the IRS pursuit of high-net-worth individuals

The DOJ steps up the hunt for offshore accounts. Here's what not to try: spiriting the cash out in a suitcase.

July 23, 2010 – 3:53 AM

Bernie Clark: The average assets of new teams that custody with Schwab has doubled compared to 2009.

Both Schwab and TD Ameritrade smash breakaway recruiting marks from last year

Schwab nets eight breakaway teams with more than $250 million of AUM each

July 22, 2010 – 3:57 AM

Jim Sotell: Fees that were hidden are coming to the surface. That will put RIAs on a more level playing field with brokers in the retirement plan business.

How the new 12b(1) fee restrictions could transform the financial advisory industry

Brokers selling 401(k) plans may have another nail driven into their coffin

July 22, 2010 – 3:56 AM

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