Articles published 6/2011
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Advisor Spotlight: Two small Dean Witter breakaways are now Symmetry, a big DFA TAMP
David Connelly and Patrick Sweeny grew to $6.5 billion of assets largely as an exclusive DFA shop but recent added Vanguard, BlackRock and State Street ETFs
June 30, 2011 at 3:08 PM
Schwab encourages RIAs to adopt client segmentation but some don't approve
The controversial practice is cherry picking to some advisors but experts say it's plenty fair and crucial for growth
June 29, 2011 at 3:06 PM
How one RIA is running his practice on a Mac and finding it totally doable
Sunit Bhalla is taking full advantage of Apple to make sure he stays a one-man shop
June 29, 2011 at 3:06 PM
Advisors find big assets in some little-thought-of locales
Retirement enclaves and emerging tech towns are among the wealthiest areas in the country, data indicates
June 28, 2011 at 2:35 PM
Adam Bold: The Mutual Fund Store is not for sale
Company owner denies report but says he takes phone calls of outside financiers
June 27, 2011 at 10:18 PM
Schwab EXPLORE goes deep into the Rockies with big RIAs
Top executives from corporate, Advisor Services and Windhaven mingled with advisors representing 5% of RIA assets in U.S.
June 27, 2011 at 2:36 PM
Tibergien uses brutal honesty to captivate big Schwab RIAs and others at San Francisco event
The Pershing leader and former Moss Adams star lit into advisors on practice management issues
June 24, 2011 at 2:50 PM
Former Merrill Lynch analyst tells RIAs to steer clear of emerging markets
Richard Bernstein sees Greece as the tip of the iceberg
June 24, 2011 at 2:50 PM
HighTower dangles array of hedge funds to lure breakaways
Wirehouses have nothing on independents when it comes to access to hedge funds, firm says citing three-year study
June 23, 2011 at 2:39 PM
Russell Investments and Fidelity both see disconnect between HNW investors and RIAs in separate studies
Mere millionaires prefer fixed income and ultra-wealthy Tiger 21 members also edge toward perceived sleep-at-night investments
June 23, 2011 at 2:32 PM
Review: How Redtail got hot fast among RIAs and how it plans to leapfrog itself
Brian McLaughlin's mindset includes: Technology, appealing pricing and bootstrapping growth
June 22, 2011 at 2:34 PM
Three happenings in the RIA world right now
The Innovative Alternative Strategies conference kicks off; United Capital brings aboard two high-level women advisors; and Ron Rhoades finally gets recognized for his efforts
June 22, 2011 at 2:26 PM
Five recent articles that show the RIA business just keeps hitting milestones
Advent buys Black Diamond, Carson goes RIA, Duran champions consolidation, Schwab goes full-out into franchises, Brightscope grades RIAs
June 21, 2011 at 2:44 PM
Examiners may ask “Says who?” about your advertisements
RIAs may run afoul of the SEC by using superlatives like "unparalleled" and "unique"
June 21, 2011 at 2:23 PM
Barron's top advisor shares the secrets to his success with rapt RIAs at TD event
Ric Edelman puts marketing in a new light
June 20, 2011 at 3:02 PM
Fidelity sees potential 401(k) rollover magnet for RIAs: retirement income plans
Clients receiving the extra level of planning refer and consolidate assets to their advisors, study shows
June 20, 2011 at 3:02 PM
TD Ameritrade will continue to provide free software to breakaways on an ad hoc basis
Tom Bradley takes exception to how the giveaways are characterized
June 17, 2011 at 2:36 PM
12 takeaways for RIAs from a Schwab report about complex cost basis rule changes
The onus is on the custodians but advisors will be expected to help, especially during tax season
June 17, 2011 at 2:31 PM
TD Ameritrade and Schwab at odds on franchise model
TD's CEO Fred Tomczyk questions Schwab's approach to greater distribution using independent contractors
June 16, 2011 at 2:33 PM
What a slew of recent RIA surveys say about the firms' hunger for growth
Firms are ready to hire and recruit investors but they're aware that pitfalls abound
June 16, 2011 at 2:33 PM
What one big RIA has to say about its switch from Advent Axys to Advent Portfolio Exchange
It's a night-and-day improvement in terms of the two products' functionality and the conversion process to APX was fine, if lengthy
June 15, 2011 at 2:49 PM
How one company is making money by making Advent Axys data portable
Empaxis outsources to India and some of its customers use the service before they choose to switch providers
June 15, 2011 at 2:48 PM
High-earning RIAs gather at TD's Elite Advisor Summit
Many 'first-timers' journey to the Fountainebleau in Miami Beach to glean leadership tips to grow their businesses
June 15, 2011 at 2:15 PM
RIAs grapple with a rising threat to retirement: Adult kids that move back in with mom and dad
Charging rent and creating a chore list are two ways of keeping mooching grown kids from getting too comfortable back in the nest
June 14, 2011 at 2:35 PM
Joe Duran tries out novel financial planning strategy on himself and his wife
United Capital is seeking a replicable method for counseling high-net-worth couples
June 14, 2011 at 2:34 PM
Morningstar's Mansueto views next horizon: rating RIAs
Company announces new forward-looking fund rating systems but how to rate advisors still has puzzling aspects
June 13, 2011 at 2:36 PM
Pershing clarifies how it's the un-Schwab and a far-flung crowd pours in to South Florida
The INSITE conference draws a diverse set of advisors, Bush speaks and advisors get word on Dodd-Frank
June 13, 2011 at 2:30 PM
CEOs of BNY Mellon, Lincoln Financial and Legg Mason are stubbornly glum on Pershing INSITE panel
Bloomberg interviewer finds it tough getting Kelly, Fetting and Glass to answer about where the dark economic tunnel ends
June 10, 2011 at 2:32 PM
After trying life as two silos, the custody units of BNY Wealth Management and Pershing will largely merge
Collaboration and shared marketing are in the works
June 10, 2011 at 2:32 PM
TIAA-CREF is creating an RIA-only pre-screened list for referrals
The big 403(b) provider is seeking to help plan sponsors concerned with meeting fiduciary obligations
June 10, 2011 at 2:31 PM
AIG's Advisor Group introduces a 100%-payout for big RIAs as part of a massive revamp of its fee-based platform
The company is seeking to address the issue of having 65% of its advisors still managing assets themselves rather than using managers
June 9, 2011 at 2:29 PM
Bill Gross wows advisors at Morningstar conference, but not with good news
The bond king slammed fixed income investments and encouraged blue chip stock investments in a hard-hitting speech
June 9, 2011 at 2:10 PM
Schwab spells out the details of its franchise plan
The San Francisco broker is making five-year deals with dozens of financial advisors from across advisory channels
June 8, 2011 at 1:28 PM
Fidelity study: Breakaway RIAs could pocket millions in after-tax profits
Dazzling wirehouse retainer deals are nice but going it alone can pay much, much better after taxes get figured in
June 7, 2011 at 2:30 PM
Eavesdropping on a well-kept secret: the FPA NorCal event
Neel Kashkari, Michael Lewis, Bob Veres and a few others took a local event to a new level
June 7, 2011 at 2:29 PM
One RIA's unvarnished views on Advent, Black Diamond, Tamarac, IAS, Orion and Schwab PortfolioCenter after an odyssey of test drives
Benjamin Baldwin is making the jump from PortfolioCenter to Orion after a brief affair, and lingering love, for Black Diamond
June 6, 2011 at 2:57 PM
RBC hires another Fidelity alumnus to boost its RIA unit's sales
Sanjeev Rajput has 'hit the ground running'
June 6, 2011 at 2:45 PM
Pershing, TD, Schwab set to raise the curtain on late-spring conferences
Pershing's event has presidents, prime ministers and Bill Belichick
June 6, 2011 at 2:43 PM
LPL Financial confirms that Akellian hire means big plans for its clearing services
The firm is eying fellow IBDs as customers and it aims to gain footing with Pershing and NFS
June 3, 2011 at 1:17 PM
With inflation on a tear, 401(k) plans look vulnerable and BrightScope publishes a cheat sheet
Some experts are running scared from rising prices and others see this as another false alarm
June 3, 2011 at 1:14 PM
HighTower is starting to run the poaching table in Palm Desert
The Chicago firm's phone is ringing after it wins a top Morgan Stanley team on the heels of nabbing Merrill breakaways
June 2, 2011 at 1:54 PM
What to make of yesterday's Wall Street Journal report on Schwab's 401(k) 'bet'
RIAs favor WSJ's suggestion that Financial Engines is getting a close look as an outsourced 401(k) advice provider
June 2, 2011 at 1:44 PM
Commonwealth's revamp of technology includes subtracting Advent
The big IBD wasn't impressed with the value presented by third-party performance reporting companies
June 1, 2011 at 2:36 PM
In a twist, RIA opens a bank - to significant success
Despite increased oversight, the one-stop-shopping model has worked for First Foundation
