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Articles published 7/2011


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Adam Bold says to expect more stores and more marketing

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 – 9:30 PM

Scott Collins: I felt there was a better way. I had one [platform] I could sell. It was like an advisor showing one mutual fund.

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 – 2:29 PM

Elizabeth Ostrander: Now PE firms are sitting on piles of cash raised in ’06-’08 that they must invest soon or return to their investors

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 – 2:16 PM

Linda Strachan was one of the founding team members of EISI when she was a PhD student under Mark Evans at the University of Manitoba.

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 – 2:23 PM

Steve Blumenthal abandoned his fund of hedge funds due to tax reporting nightmares.

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 – 2:22 PM

Erik Joh is using Dynasty Financial to ward off every wealth management brand and Madoff's ghost in Palm Beach

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 – 3:09 PM

Alois Pirker: Firms will have to renew retention bonuses next year or brokers will jump ship.

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 – 2:25 PM

Tom Scalici is one RIA who has gotten $700 million in non-profit assets in recent years up from virtually no assets just three years ago.

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 – 2:35 PM

Ron Rhoades channels his inner Chekhov to envision a scenario arising from a uniform fiduciary standard as per SIFMA's wishes.

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 – 2:08 PM

Harry Jones: We went through an exhaustive search.

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 – 2:21 PM

Brent Burns: In a falling interest rate environment, rising prices can mask the added risk of taking bets ... the headwind of rising rates only magnifies them.

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 – 2:14 PM

Shirl Penney: They want more wallet share.

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 – 7:36 PM

Scott Couto takes over from Peter S. Cieszko.

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 – 6:14 PM

Mario Hernandez: In the future, clients will be able to electronically sign. We can electronically take it to Schwab rather than using FedEx or a fax.

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 – 2:56 PM

Larry Roth: We're attracting more interest and more advisors [than at any time] since I've been in the business. It's not luck. It is our size, scale and platform.

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 – 1:55 PM

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