Articles published 7/2011
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Publish date
Mutual Fund Store sells controlling interest to Warburg Pincus
Giant of private equity world will play a passive role and Adam Bold will continue to run the show
July 29, 2011 at 9:30 PM
Two former LPL execs set up a breakaway boutique that works with Raymond James and Schwab, among others
Flush with IPO cash, Scott Collins and Scott Miller were determined to have open-recruiting architecture and more counseling
July 29, 2011 at 2:29 PM
RIAs can turn stockpiled private equity cash to clients' advantage and into AUM
Clients who grimace at selling their business or standing pat may love a rising new option
July 29, 2011 at 2:16 PM
Review: EISI is producing a simpler NaviPlan in an effort to keep its towering market share
The 21-year-old company, which has swung from complex to simple and back, now aims to be both at once
July 28, 2011 at 2:23 PM
Three RIA adventures that led to dramatic asset growth
Conversations with academics, expanding strategies and veering away from hedge fund of funds led to thriving niches.
July 28, 2011 at 2:22 PM
Three RIA happenings this last week
Dynasty Financial's newest customer speaks; a big RIA forms a women's division; and a dislocated Silicon Valley RIA tucks into a larger firm
July 27, 2011 at 3:09 PM
RIAs and online brokers are winning the market-share game
Wirehouses will have to re-up retention bonuses or see mass migrations of top producers
July 27, 2011 at 2:25 PM
After IRS audits hit non-profits, RIAs are positioned to wrest a fortune in 403(b) assets from annuity companies
The money in motion may reach into the hundreds of billions, though gaining an entree has its frustrations
July 26, 2011 at 2:35 PM
A conversation between a wirehouse advisor and a senior citizen who seeks trust
Aunt Bea extracts the true meaning of the word 'fiduciary'
July 26, 2011 at 2:08 PM
What headway Pershing's RIA unit is making after four years under Mark Tibergien
98 RIAs joined the Jersey City custodian in 2010, up from 35 RIAs in 2009 and 24 in 2008
July 25, 2011 at 2:21 PM
Bill Gross' commentary should be taken with a bigger grain of salt in this market
The PIMCO founder is a mutual fund manager and may view the market with a trader's eye
July 25, 2011 at 2:14 PM
Dynasty Financial nabs a big Florida RIA as a client, pulling closer to Schwab
The New York start-up has known Cypress since a conversation in 2008
July 22, 2011 at 7:36 PM
Fidelity Financial Advisor Solutions is hatched and Scott Couto will head it
The $385 billion unit is looking to put its best wealth-management foot forward
July 22, 2011 at 6:14 PM
Schwab connects CRM to account opening for RIAs
The software fulfiills some of Schwab Intelligent Integration's promise without the fancy cross-wiring
July 22, 2011 at 2:56 PM
Larry Roth has AIG playing offense again in the advisor game
The CEO is looking for big acqusitions and ways to compete for big RIAs
July 22, 2011 at 1:55 PM
Former Microsoft executives are out to make Figlo compete with EISI
The Dutch financial planning software has a solid history with European banks, and is gaining traction with RIAs
July 21, 2011 at 3:08 PM
How two Wachovia breakaways broke some rules and grew $23 million AUM to $320 million in seven years
The ex-Wachovia team creates 'bionic' advisors, tucks in advisors, poaches advisors and does free work
July 21, 2011 at 2:09 PM
Update on Black Diamond-Advent merger
The sales teams are staying separate but sharing training this week
July 20, 2011 at 3:07 PM
Ron Carson quickly sees benefits of converting his practice to an RIA
Positive client feedback centers around faster flow of information under new compliance arrangement
July 20, 2011 at 3:05 PM
New company will allow RIAs to manufacture ETFs
Exchange Traded Concepts hopes that a cheap, simple ETF process will lure mid-sized firms onto the playing field
July 19, 2011 at 2:21 PM
RIAs fed up with Facebook should hop on the Google+ bandwagon
The new social medium embraces the fact that people need CRM for their lives
July 19, 2011 at 2:15 PM
Orion wins software accounts of two $1-billion-plus firms - one a broker-dealer and one an RIA
Advance Capital leaves IAS and United Planners gets performance reporting for the first time
July 18, 2011 at 2:46 PM
How an RIA can capitalize on referral programs offered by Schwab, TD and Fidelity
Success in converting leads favor the firm that makes dedicated hires
July 18, 2011 at 2:20 PM
Private Client Resources is a software darling of private banks but can it conquer RIAs?
The Connecticut firm has experience and technology and a new CEO sees a swelling pipeline of RIAs
July 15, 2011 at 3:02 PM
DFA and RIAs unite over post-meltdown 401(k) opportunity at Chicago event
The baked-in-cake dollar cost averaging of the defined contribution system allowed it to survive massive 2008 stress test
July 15, 2011 at 2:19 PM
Dimensional Fund Advisors tells RIAs it's getting active in its quest for 401(k) assets
DFA says this new plan will complement, not compete with, the services an advisor offers
July 14, 2011 at 2:34 PM
Three telling conversations about where the RIA business is headed
In which RIABiz editor Brooke Southall talks with a recent widow in search of an advisor, the recruiting director of HighTower and the CEO of Focus Financial and gains a snapshot of the RIA arena, circa summer 2011
July 14, 2011 at 2:22 PM
Big Morgan Stanley team on the Beltway hightails it to HighTower on second thought
The learning curve required for complete independence looked unpalatable when it came to decision time
July 13, 2011 at 2:12 PM
Time for chief compliance officers to get tough and get smart, or else
Double-checking, delegating (giving virtual head slaps) and becoming a student of the Investment Advisers Act of 1940 are part of the deal
July 13, 2011 at 1:58 PM
Interactive Advisory Software joins the horse race with VC funding, a new look, and new CEO
The updated user interface was built on the same technology at Gmail and it shows
July 12, 2011 at 3:14 PM
Fidelity releases mobile trading for advisors - just don't expect many mobile trades
RIAs generally make block trades and use rebalancing software these days and mobile apps aren't ready for that
July 12, 2011 at 2:49 PM
T. Rowe Price preaches a new retirement message that doesn't involve retiring anytime soon
The bad news is that you work until you're 70; the good news is that you're going to Hawaii
July 12, 2011 at 2:23 PM
National Advisors Trust gets busy Northern Trust-ifying the RIA business, minus the big fees
Strategic Financial Group, Sterling Financial Planning and Snow Creek Wealth Management are aboard as foot soldiers for an ambitious new tactic to unseat unassailable trust assets
July 11, 2011 at 2:24 PM
Financial advisors need to look at client onboarding in a whole new light
Aite Group study shows that advisors are seeing the critical phase in back office/front office terms, not as a way to excel
July 11, 2011 at 2:19 PM
Fidelity, Vanguard and Schwab have top 401(k) brands but plan sponsors like the service of off-brands better, study shows
In market share wars for retirement plan dollars, big and small brands alike have much to learn
July 8, 2011 at 2:23 PM
The deep dish on why Meredith Whitney was dead wrong on municipal bonds
There are trouble spots but these unglamorous holdings are still among the safer and more tax-effective instruments around
July 8, 2011 at 2:20 PM
Fiserv purchase of CashEdge could affect account aggregation space
$465 million deal is mostly a payment processing technology-grab, according to ByAllAccounts
July 7, 2011 at 2:26 PM
Cheat sheet for recent SEC regulatory changes and amendments
Why 'assets under management' are now 'regulatory assets under management'
July 7, 2011 at 2:25 PM
Envestnet unbundles portfolio management software for RIAs and it won't be a sideshow
The Chicago firm serves 19,000 TAMP clients with technology, now it wants to take on Advent/Black Diamond
July 6, 2011 at 4:17 PM
Big Schwab survey: RIAs surpass 2007 former peaks in assets and revenues
One analyst still sees troublesome signs in the findings but outsourcing is on the rapid rise
July 5, 2011 at 2:28 PM
Social media is effective with ultra-wealthy clients but forget the Morgan Stanley approach
Social media checklist needed to effectively reach out to wealthy clients
July 5, 2011 at 2:28 PM
Ron Cordes tells about his Next Big Thing after selling AssetMark
The Genworth exec headed to Africa to dig wells after cashing out of AssetMark but realized he could do more with impact funds
July 1, 2011 at 1:57 PM
Turnaround artist has almost completed her revamp of Cornerstone Revolutions
Mary Hepler was hired on behalf of an unidentified private equity group to catch up to Advent, Tamarac, and PortfolioCenter in features and tech
