Articles published 6/2014
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Russell Investments sells for $2.7 billion and the new owner will flip its $250-billion asset manager -- yet again
The once-proud, family-owned Seattle firm is being sold by Northwestern Mutual and stripped for parts -- its indexes -- with its asset-management business as the throwaway
June 28, 2014 – 12:18 AM
With Stephen Cucchiaro out, Liz Ann Sonders takes the Windhaven reins
The founder of the once-explosive ETF manager didn't have the same investing magic in the wake of his sale
June 27, 2014 – 9:02 PM
Framing it as opportunity, Bernie Clark delivers a chilling market warning at EXPLORE about the coming post-baby boom market
The Schwab chief tells 160 RIAs with $200-billion-plus of assets to learn to love and attract a poorer, younger, higher maintenance -- but lower mileage -- client pool
June 27, 2014 – 6:41 AM
How Vanguard Group's robo-countering effort got to $1.3 billion of AUM so easily and why its future seems bright
Executed almost shyly, the hints-of-vanilla Malvern indexing giant is the unlikely Silicon Valley nemesis in automated services
June 26, 2014 – 3:14 AM
How a $1.3-billion Manhattan, Raymond James RIA won a top exec from the roll-up down the street: Focus Financial
Michael Paley comes to Klingman & Assoc. with a mandate to add billions in AUM for his fellow-but-elder Princeton tiger
June 25, 2014 – 5:45 AM
Just what damage was done -- or not -- by Bill Gross ranting in shades
The PIMCO leash is still pretty long, say RIAs, Morningstar analysts and others but the bond king needs to rethink how he manages the media in a hurry
June 24, 2014 – 5:25 AM
Why most RIAs bent on launching in-house ETFs should swallow hard and start a mutual fund
What makes exchange traded funds so great for consumers can cut the other way if you try to compete with BlackRock
June 23, 2014 – 4:33 PM
RIABiz gets some intense third-party feedback loaded with affirmations and a few wake-up calls
A Huffington Post column and our first-ever survey help define just what a pure online publication for RIAs should look like
June 23, 2014 – 4:29 AM
Bill Gross's stage antics leave Morningstar conference-goers gobsmacked
Wearing sunglasses, comparing himself to Justin Bieber and making his desire to bribe journalists known (albeit in jest) baffled observers
June 20, 2014 – 1:26 AM
How Steve Foldes merged his $600-million RIA with mentor (and former advisor) Harold Evensky creating a $1.5 billion Florida behemoth
The former sandal magnate got rich at 35, became an Evensky client, a rival and now a partner
June 19, 2014 – 4:34 PM
How Merrill Lynch Clear looks so impressively RIA-like and what shows how deceptive looks can be
The big iPad-laced and rhetoric-laced wirehouse initiative toward goals-based investing may have selling insurance as its primary goal
June 18, 2014 – 5:54 PM
LPL Financial is dumping North Carolina as a headquarters, moving south to make room for 1,800 more employees
The Boston-, Charlotte- and San Diego-based broker-dealer is constructing a giant office-park eco-building
June 16, 2014 – 9:00 PM
How LPL's CFO answered the Cetera question at Morgan Stanley Financial's conference
Dan Arnold wrote off the Schorsch roll-up as PacLife, AIG or Jackson National reincarnated
June 16, 2014 – 2:14 AM
Thoughts on 'robo-advisors' served cold, compliments of Kitces and Waymire
With the potential for channel conflict, wirehouses are the most handcuffed in thwarting automated financial 'advice'
June 15, 2014 – 7:40 PM
Preparing to appear before Senate subcommittee, TD Ameritrade discloses order-routing revenue
The company made $236 million in revenue sharing in 2013
