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Articles published 8/2013


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Victor Fetter: I'm not a fan of PowerPoint promises.

LPL flaunts its Dell effect to 3,000 advisors in San Diego at focus13 confab

Newly installed CIO and ex-Dell star Victor Fetter shows he means business at the IBD's annual conference

August 29, 2013 – 7:03 PM

Megan Carpenter: Custodian brands are not like McDonald's or Burger King.

Fidelity and TD Ameritrade show new teeth in RIA advertising -- albeit with giraffes, and children on summer porches

On the heels of Schwab's 'owning it' campaign, Fidelity aims to catch (and repaper) RIAs and TD goes for the soft belly of the industry

August 28, 2013 – 7:36 PM

Rob Bartenstein says wirehouses are better competitors than they're given credit for -- and not the boiler rooms they are reputed to be.

Washington Wealth, now part of the LPL OSJ realm, annexes a $220-million-AUA team in Seattleland

The ex-Wells Fargo team chose the name Kimball Creek to highlight its Northwestern roots -- but it's also a metaphor for the high the stakes their clients face

August 27, 2013 – 1:28 PM

Bernie Clark: I couldn't stress enough that if we didn't do well then our competitors would be right behind us.

A sometimes defensive Bernie Clark makes four points pertaining to Schwab's RIA custody business in an update to Wall Street

The overseer of Schwab RIAs explains the San Francisco giant's difficult-to-do-business-with reputation and the long rollout of SII

August 26, 2013 – 5:24 AM

Mark Hurley: The goal for us is not to build up and flip.

After more than two years of radio silence, Mark Hurley pings with a stake-taking in an under-the-radar RIA

The writer of firebrand reports describes his own company as 'boring' -- questionably -- but lately has lived up to his billing

August 23, 2013 – 5:15 PM

We knew if we were successful with all three of these deals it would require a herculean transition efforts.

Banyan reels in two more RIAs pushing its assets across the $4 billion line -- now comes the challenge

Peter J. Raimondi gets closer to his dream of creating a national firm with acquisitions of firms with a combined billion in AUM

August 23, 2013 – 5:14 PM

Sal Zambito: Many times these RIAs are large organizations but they haven't put a true business team together.

LPL Financial tells its faithful in San Diego that a fuller-service, more dependent model will get corporate support

With Philip Palaveev overseeing the project, LPL is working to install more management expertise in the crazy-growth OSJs it both supports and competes with

August 22, 2013 – 3:46 AM

Jewelle Bickford: Clients are happy to go where they want. One never knows who will follow.

A $4.7-billion RIA-under-investment-bank in NYC softens its macho edge by headhunting a top woman from GenSpring

Evercore will make Jewelle Bickford a partner and the gem of its outreach to the other gender

August 21, 2013 – 5:40 AM

Robert Clarfeld: It's a minority investment with revenues-sharing and they have no control over expenses.

AMG delves deeper into the RIA business with second deal -- of $4-billion player in NY

Its purchase of a stake in Clarfeld Financial Advisors, Barron's No. 3, shows the Veritable deal was, indeed, a warm up

August 20, 2013 – 3:18 AM

Ron Rhoades: Here is the rub: the plan sponsor has great difficulty holding the "retirement plan consultant" to account, given the low standard of conduct applicable to measure the potential liability of a non-fiduciary consultant.

Legal analysis: Why the Yale 401(k) letters, limits aside, should raise an alarm to plan sponsors

Ayres may not have it all letter perfect but his basic points have a legal basis

August 19, 2013 – 5:27 AM

Jordan Burgess: This information has been well-received by advisors.

Fidelity Investments puts hard numbers on the disgruntlement of 401(k) plan sponsors -- and launches Z shares with ETF-like prices

Advisors are gaining some ground but the crunch of fees and service on plan purveyors gets worse and worse

August 16, 2013 – 5:32 AM

Mark Casady: These latest distributions underscore how far LPL Financial has come since their initial investment.

As LPL Financial braces for a share sell-off and loss of two directors, a Citi analyst says it'll be good

Hellman & Friedman will shed all of its 12.6 million shares to 'partners' and TPG will reduce holding to 17% of LPL's float

August 15, 2013 – 4:46 PM

Abby Salameh: Trick your brain into making those tasks less dreadful. This is called productive procrastination.

Five reasons why 'summer-is-slow' is no excuse for an advisor to slow down

If you want to mail it in for a couple months, fine, but know that you're missing a chance to get real things done minus the distractions

August 15, 2013 – 5:28 AM

Charles Goldman: I believe entrepreneurs are the best solutions to hard problems.

Charles Goldman makes a green investment that involves black and white analysis

The ex-Schwab and ex-Fidelity RIA chief sees a future for a tiny fund that Morningstar rated in the top 1% of 182 in its first three months of existence

August 14, 2013 – 4:44 AM

Shawn Carpenter: We preemptively raised capital to take advantage of the growth we are seeing with advisors, hedge funds and portfolio managers.

Morningstar takes a big stake in a startup gunning to be the Bloomberg for RIAs

Flush with $8 million in VC dollars, YCharts is betting that its data feed and content can challenge the Bloomberg behemoth by filling a hole for wealth and hedge fund managers

August 13, 2013 – 5:35 AM

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