Articles Published 9/2013


HeadlinePublish date

What happened when Fidelity Investments called 25 deal-making protagonists to its Boston sanctum for a talk about the suboptimal RIA M&A market

David Canter recounts what his company set out to do, who showed up and what the pooling of ideas yielded

September 30, 2013 — 5:38 PM UTC

Why a reputation of shadiness persists in the financial advisory industry

Quite literally the truth never sees the full light of day -- and clients and quality advisors pay a price for it

September 30, 2013 — 5:15 PM UTC

After 'a lot of flak' Fidelity Investments does a study and pledges to change how it manages its $170 billion of target date funds

The Boston giant announces findings to justify its surprising embrace of stocks but skeptics say Fidelity is under pressure to conform with rivals T. Rowe Price and Vanguard Group

September 27, 2013 — 4:56 AM UTC

Reed Colley steps down from executive-level duties after selling Black Diamond

With bucks in the bank and his Advent mission largely accomplished, the 36-year-old entrepreneur is eyeing ventures, offering his two cents at Advent when asked

September 26, 2013 — 3:55 AM UTC

How exactly Securities America won back a $414 million team that left in a huff in 2007

The once embattled broker-dealer -- after switching out Ameriprise as owner -- is determined to woo back former advisors who left during turmoil

September 26, 2013 — 3:52 AM UTC

Peter Hess throws a Black Diamond lifeline to stubborn Advent Axys users, but will the price be right?

The Advent CEO shows his respect for 1,400 change-averse Axys loyalists -- who hold hundreds of billions in assets -- by paving the way for delivery of Black Diamond's coveted reports

September 25, 2013 — 5:46 PM UTC

After several quiet months, Dynasty Financial hunts a big ex-Citi head to unblock the sales process and make good it's original promise to corner-office prospects

By luring Tom Petrone out of Greenwich hibernation, the NYC platform company can tell would-be breakaways that their offering is strictly hard-bodied

September 25, 2013 — 4:45 PM UTC

Fidelity's annual $10,000 custody fee will attach to a wider swath of small RIAs

The dinging of the under-$15-million crowd is painful for initiates but a pleasing prospect for competing custodians ready to welcome defectors

September 24, 2013 — 5:02 AM UTC

The amazing success of Merrill Edge and why some legacy Merrill brokers think it's eating their seed crop

It won $87 billion in brokerage assets in three years, but some old Merrill Lynch vets say it's just pulling emerging accounts away from thems

September 23, 2013 — 6:30 PM UTC

GenSpring offshoot poaches four more as it reimagines the service model for UHNW families

With new talent from Bessemer, HSBC, the SEC and -- of course -- GenSpring, W.E. Family offices is betting that putting the client back in charge is really the way to go

September 23, 2013 — 6:29 PM UTC

Advent unveils new logo at its annual San Francisco conference -- after discarding one that failed to elicit a sense of the progressive from RIAs

From signage to stationery to T-shirts to a new tech platform, Advent aims to move past its safe-as-houses reputation and up into the cloud

September 23, 2013 — 6:24 PM UTC

How the Winklevoss twins disrupted a big NYC hedgie event and distracted from the poor job most hedge funds are doing for clients

In a break from whistle-through-graveyard business as usual, Cameron and Tyler unconvincingly pitched Bitcoin

September 19, 2013 — 5:47 PM UTC

A quick take from a Harvard psychologist on how the obscenely rich can think about passing on a work ethic

Larry Stybel strips it down to neglected and seemingly banal details such as the time parents spend in automobiles with kids

September 19, 2013 — 6:14 AM UTC

Deal-making momentum is AWOL 'for reasons unknown,' but HighTower Advisors wins an outsource deal with a fresh $500 million Morgan Stanley breakaway

This deal looks pretty normal, but the Alabama sign-on looks like a pioneer in this eerily quiet market

September 18, 2013 — 3:32 AM UTC

After years of making Junxure's future more 'cloud'-y, Friedman takes a big stage in Texas to explain

With Salesforce not even slowing to catch its breath, the RIA shows he can fight back in his own way

September 18, 2013 — 3:30 AM UTC

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