RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Articles published 7/2012


Headline

Publish date


Jack Bogle is the first of seven big names that Advizent plans to put on its board.

Advizent makes Jack Bogle its standards czar, a no-pay, no-conflict position

The RIA brand will depend on a gold standard of rules and audits

July 31, 2012 – 11:30 AM

Brett Kaufman: Everyone now has a lifetime gift exclusion amount of $5 million per person and a 35% gift tax rate for gifts over $5 million.
July 31, 2012 – 3:25 AM

Ken Weber says he knows Fidelity funds better than the company's reps.

How two RIAs succeed by using only Fidelity funds -- but not without weathering criticism about closing their own architecture

The heads of Weber Asset Management are unfazed by peers and analysts who says they are taking brand loyalty too far

July 30, 2012 – 4:12 AM

 Kelly Rodriques: Even if an asset is currently worthless, advisors still need to transfer that asset to a successor custodian.

The 30-day alternative assets challenge: Finding the right successor custodian

Deftly remediating alternative assets held in retirement accounts can strengthen the client-advisor bond and avoid a dreaded 'taxable event'

July 27, 2012 – 4:22 PM

Jon Beatty: We see private equity participating directly and indirectly through the national acquiring firms.

Even as mired markets stalled Q2 merger deals, private-equity-fueled national acquirers revved up prices

Only eight M&A deals were inked in the second quarter according to Schwab Advisor Services but what there was, was 'cherce'

July 27, 2012 – 4:22 PM

Jonathan Drubner: I knew if I could just find a mentor and someone who shared my philosophical views that I would be happy.

Why an ESPN sportscaster and comedian turned in his blazer to join a Los Angeles RIA -- and why the firm took a chance on him

In what may be an industry trend, L&S advisors is betting on a career-changer with more to offer than experience

July 26, 2012 – 4:01 AM

Tim Kochis: I winced when I detected a slight tone of condescension in the presentation.

Ex-RIA chief: 'How I learned more in a month as a client than in 20 years as CEO'

Aspiriant's Tim Kochis and his wife experienced firsthand the upsides and downsides of being paying clients

July 25, 2012 – 3:14 AM

John Sullivan: At some point, there was no turning back.

Dynasty Financial recruits another field general from the Citi-Smith Barney army

John Sullivan will do some of the heavy lifting from Chicago on advisor service and be a subject matter expert for lending

July 25, 2012 – 3:05 AM

Eugene Lerner: As we can do some good, I'll be here.

How HighTower brought an 83-year-old, $600-million breakaway broker back from the wirehouse side

After Eugene Lerner moved his RIA to Morgan Stanley Smith Barney, HighTower lured the former pupil of Milton Friedman and professor of Alan Greenspan back to the RIA world

July 24, 2012 – 4:55 AM

When the fog lifts, San Francisco has a case to make.

Why the San Francisco Bay area is almost certainly the capitol of the RIA business

Companies like Schwab, Advent-Black Diamond and Salesforce are based here for starters -- but big wealth managers and lots of open-minded rich people clinch the matter

July 23, 2012 – 3:31 AM

Josh Kernan: I'm most concerned about these feeder fund platforms. You've actually created an additional level of risk to be concerned about.

A cottage industry of hedge funds-to-RIAs is springing up but so far the mutual fund industry looks like the big winner

It's a minor gold rush, but the entrepreneurs jumping into the niche are quick to identify the frailties in each other's approaches

July 20, 2012 – 4:28 AM

Mag Black-Scott: Our goal is to have billions of assets in the next few years and we will.

Mag Black-Scott plans for an LA-based 'mini-Morgan Stanley' advance with the hire of a R.W. Baird team to handle public agency assets

Andy Fass, formerly a Morgan stanley exec, joins Beverly Hills Wealth Management as western division marketing director and half of new group aimed at big assets with small profit margins

July 19, 2012 – 6:00 AM

Stuart Silverman: We're not saying: 'Let's take the culture for 250 (the existing Fusion advisors) and bring it to (all) 1,400 (NFP reps firms).

National Financial Partners buys longtime partner Fusion signaling a shift away from the 'roll-up' model

The New York-based agglomeration of financial businesses is looking to inject higher levels of intelligence, best practices and culture by bringing the services of Fusion in-house

July 18, 2012 – 4:01 AM

Adam Birenbaum: We all have our own individual management agreements, which is important to understand.

What RIA principals in the Focus Financial family have to say about a rumored deal for the consolidator

Buckingham/BAM, The Colony Group and LLBH leaders see it as business as usual that Summit would want to roll over ownership of its stake

July 17, 2012 – 3:54 PM

Les Abromovitz: Policies and procedures can protect elderly clients who exhibit signs of a cognitive impairment.

Older investors' complaints deserve -- and receive -- special scrutiny from regulators

Examiners give seniors the benefit of the doubt in a complaint, making it imperative to keep meticulous records focusing on not just the 'what' but the 'why' of investment decisions

July 17, 2012 – 3:53 PM

RiaBiz Archives

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo