Articles published 9/2013
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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
