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RIABiz

Articles published 7/2013


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Jim Lauder: Saying the growth in target date funds is 'largely attributable to ignorance' is another slap.

Jim Lauder rebuts RIABiz article on the failure of target date funds

By 2020, an estimated 70% of all assets in defined contribution plans could be in target date funds -- and that's a good thing, according to the author

July 31, 2013 – 5:48 AM

Downtown Omaha is the fount of the RIA business with its critical mass of competent, cheerful people who can smile and work at an affordable rate.

How Omaha is emerging as the RIA business' center of gravity

With no mountains to block your views or salt air to rust your car, you can get down to business with no distractions and low expenses

July 30, 2013 – 5:42 AM

Ron Rhoades: Only we, as professionals, if armed with a history of its practical application, will be able to call upon Congress to implement a true fiduciary standard and the formation of a professional regulatory organization.

What the 8 pillars of a FINRA-replacing entity for RIA oversight look like and how personal accountability is key

First and foremost, the PRO would have as it members individuals (not firms) who are qualified to become members of the profession

July 28, 2013 – 4:11 PM

John Michel penned the letter to clients of BloombergBlack alerting them that his company -- for now -- is withdrawing from the investment advisory business.

Bloomberg warns that BloombergBlack is shutting down

The move toward a 'very quick death' shocks virtually everyone as the New York data giant alludes to its plans to offer financial advice down the road

July 25, 2013 – 10:29 PM

Brad Sullivan: I have a four-year-old son. I would not put my son at risk if I didn't think this move was worth it.

Why a young Morgan Stanley team moved to Beverly Hills Wealth Management -- with a child in mind

The breakaway movement continues to revive fueled by mid-sized firms like Sullivan Wealth Management despite a bull market

July 25, 2013 – 7:31 PM

RIABiz has put its hub in a quiet place, Mill Valley, conducive to thinking.

RIABiz turns four -- and readership grows another 39%

Our Mill Valley-Indiana-New York-Berkeley-Toronto-based website continues to grow by concentrating on substance and by eliminating toxic distractions

July 25, 2013 – 4:13 AM

Jon Patullo: This isn't endorsing the [software] firm.

How TD Ameritrade is playing the logo game to spur 4,000 of its wavering RIAs to adopt its third-party hook-ups

'Veo Integrated' is a clunky name for smooth hand-offs of data from custodian to vendor to RIA -- and back

July 24, 2013 – 5:09 AM

Bill Van Law: We saw advisors who ... left for an RIA model, and that was disturbing. That reinforced that the strategy wasn't going to work going forward unless we created something more competitive.

After 'disturbing' RIA losses at Raymond James, Bill Van Law is going on offense -- starting with hires of veteran LPL and Fidelity execs

The big Florida custodian and broker is finally holding itself accountable to a stiff target -- doubling to $16 billion in two years -- as it buys up expensive talent while cutting prices

July 23, 2013 – 1:03 PM

Robert Boslego: There is no guarantee that stocks will recover from a major loss within the time frame the retirement money is needed. [An investor] may literally die waiting for his or her portfolio to recover.

Why target date funds fail in the one area they're supposed to succeed -- downside protection

SEC recommendations about the inherent risk of target date funds are more controversial than their author's realize, says a veteran risk assessor

July 22, 2013 – 3:40 AM

Ray Lucia: I'm pretty depressed that the government has such disdain for successful people and will stop at nothing to destroy them.

Why RIAs need to pay heed to a ruling that put a media star and advisor out of business -- and out $300,000

A judge ruled that Ray Lucia lacked the back-up to justify his hypothetical back-tests as the SEC pins a bull's eye on the strategy

July 19, 2013 – 4:00 AM

Ian Ayres has stirred up a serious hornet's nest from New Haven.

401(k) industry flummoxed over Yale professor's 6,000 'threatening' letters to plan sponsors

The eclectic academic says he'll go public targeting alleged 'high-cost plans' as sponsors flood phone lines of advisors and recordkeepers and Brightscope is drawn into the fray

July 18, 2013 – 5:01 PM

Jim Pavia is the latest in a swath of new hires intended to bolster the content of CNBC's business news network's digital presence.

Jim Pavia departs InvestmentNews and gets picked up by CNBC as part of its high-dollar hiring spree aimed at attracting advisors to its consumer-based website

The print-to-online maelstrom in trade media is hitting storm force; AdvisorOne changes its name to ThinkAdvisor

July 18, 2013 – 2:19 AM

Ron Rhoades: Shouldn't the phrase: 'member, FINRA' be viewed like the warnings on cigarette packages -- i.e., as a consumer warning sign?

FINRA's scandalous litany of failures and its efforts to redefine the true fiduciary standard out of existence

Our one-man think tank continues his scathing indictment of the SRO's disingenuous and downright fraudulent practices

July 17, 2013 – 3:10 AM

Rudy Adolf: The partners and management gave up their majority ownership. It is not an issue whatsoever.

Partners at Focus Financial check their egos at the door to secure $216 million of hard cash

Polaris, Summit and CEO Rudy Adolf sell a portion of their stake in the big aggregator to Centerbridge Capital Partners -- and it puts them in a minority position for the first time

July 16, 2013 – 1:49 AM

Jeff Spears: People have the mantra that if it ain't broke, don't fix it. There are no pain points.

How two deals struck last week show midsize RIAs reigniting the M&A and breakaway movements

The stakes are high for an ex-Morgan Stanley team that bolted with years to go on retention bonuses and a Virginia RIA is hitching its expansion plans to United Capital's star

July 15, 2013 – 4:15 PM

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