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Articles published 10/2014


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Jon Stein: It's thousands and thousands of dollars instead of $8.

Betterment's bad-news play at getting in good with RIAs and investors

The NYC-based auto-advisor will flash tax ramifications at investors as they test drive trades

October 30, 2014 – 11:44 PM

Bob Reynolds: Empower was clearly the one the first time we heard it.

The second-largest 401(k) provider drops 'Great-West' for 'Empower'

The name chosen for the second-largest retirement firm hits a mark but may face the challenge of seeming jargony

October 30, 2014 – 6:44 PM

Ten-foot-tall sculptures inside the Grand Hyatt's lobby lent a tone.

Grand thoughts at the NYC Grand Central Hyatt from Fidelity Investments and RIAs

Part rally, part book launch, the Boston-based custodian rolled into NYC for the last gig of a whistle-stop tour

October 30, 2014 – 6:11 PM

Simon Roy: It's a classic attempt to freeze the market.

Can Schwab, six years late to the robo party, 'freeze the market', catch up and blow doors?

The potential is awesome but the San Francisco giant is currently generating PR for an offering that does not yet have a launch date

October 29, 2014 – 8:22 PM

Adam Nash: Having $100 million in the bank allows us to retain independence from Wall Street.

Wealthfront responds with force to Schwab CEO's robo announcement

The Silicon Valley-based auto-advice leader stokes its aura of invincibility by raising $64-million that it won't need anytime soon

October 28, 2014 – 7:49 PM

Lou Harvey: It does mean that annuity sales will no longer be a 'caveat emptor' type of transaction.

'Paradigm shift' in 401(k) flows opens the DOL door for annuities in 401(k) plans and RIAs are split

In the wake of DOL and Treasury rulings, some fiduciaries, certainly not all, seem willing to give the oft-reviled instruments a chance

October 28, 2014 – 6:27 PM

David Zier apparently was questioned about money managed for friends and relatives outside the RIA he managed.

Barron's: David Zier's death takes another tragic twist

The Convergent executive's death was likely a suicide related to non-Convergent money managed for family and friends by Zier in a 'personal account'

October 25, 2014 – 9:58 PM

David Zier was a successful and beloved financial advisor.

The RIA business mourns the death of David Zier

The chief executive of Convergent Wealth Advisors was only 44

October 25, 2014 – 1:52 AM

Charles Goldman: These are folks I knew from the past that I knew and liked.
October 24, 2014 – 1:03 PM

Stephen Brown: The 'big box' firms -- Morgan and Wells -- couldn't get their heads around the U-5 language.

The backstory of how a Merrill UHNW team found love in the time of U-5 -- but not with an RIA

Recruiters are still a little baffled as to why the $2.5-billion firm skipped a chance to go independent with a 'compelling story' but chose the comfort of the familiar business model -- and an office of their own

October 23, 2014 – 6:53 PM

Robert Moore: Today, our independent RIA business accounts for approximately 65% of our new business development.

LPL Financial shares hit rough patch on $18-million surprise as RIAs now represent the vast majority of the firm's business development

Wall Street dings the IBD for spiralling compliance costs but hybrid RIA assets are serious bright spot

October 23, 2014 – 3:44 AM

Trisa Summers: The more I understood the level of transparency ... you have to be really comfortable.

Zero Alpha Group fraternity adds a sister to its elite $14-billion DFA RIA club

The esteemed study contingent tapped Trisa Summers, an elementary school teacher by training who now leads a $1.7-billion RIA

October 22, 2014 – 1:05 PM

David Stofer: At SageView I had to sell and service clients....I want to be a consultant.

How Mariner Holdings is angling to become a $3-billion 401(k) company overnight by co-opting a local SageView office

The $40-billion RIA/asset manager plans to combine $2 billion from Randy Long's RIA to $1 billion of existing 401(k) assets

October 21, 2014 – 11:39 PM

'Chuck' is advising a move to lower-expense ratio funds and stable management teams.

Schwab phones (at least some) Private Client customers to advise dumping PIMCO Total Return fund

Funds under Schwab discretion exited the Bill Gross fund three weeks ago

October 21, 2014 – 12:07 AM

Abby Johnson's smarts and fierce work ethic are a given but some wonder if she can match her father's force of personality.

How Abby Johnson won the hearts of mega-RIA clients in advance of taking the CEO spot at Fidelity Investments

It wasn't what Ned Johnson's daughter said; she mostly let her ears do the talking

October 20, 2014 – 5:52 PM

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