Why I disagree with Don Trone's characterization of Obama's fiduciary stance as 'punitive'
The essential component of fiduciary duty -- loyalty -- is what separates the advisor from the salesperson, according to fellow fiduciary advocate Ron Rhoades
|February 27, 2015 — 12:06 AM UTC|
Why Obama and the DOL are all wet when it comes to the proposed fiduciary rule
Stress the carrot and not the stick in formulating a rule that will get real results, says a fiduciary maven
|February 26, 2015 — 5:54 PM UTC|
Mark Casady settles the question of whether LPL will start its own robo-advisor
In the wake of the aborted NestWise effort and a quieter robo rollout by his firm, the LPL Financial CEO doesn't buy the economics of the opportunity
|February 26, 2015 — 12:15 AM UTC|
How Sheryl Garrett got a hush-hush invitation from President Obama and how she pierced the fog about putting clients first
The Arkansas RIA booked a flight to DC with no explanation to colleagues
|February 25, 2015 — 8:37 PM UTC|
Are negative yields for US bonds on the horizon?
European countries' less-than-zero club is becoming a popular one. Could it happen here in the States?
|February 25, 2015 — 7:00 PM UTC|
As President Obama takes the gloves off, pro-broker groups throw up 'sledgehammer' response
After a lot of waiting around FSI calls this news 'the real thing'
|February 24, 2015 — 8:31 PM UTC|
Wealthfront throws engineering at its large-account 'problem'
The Palo Alto-based automated money manager addresses tax slippage from transfers of HNW accounts to its website
|February 23, 2015 — 8:39 PM UTC|
Orion signs on three $1 billion-plus RIAs on its even-keeled Omaha reputation then rocks its own boat with a sale to Boston firm
Pinnacle Advisory Group, Brouwer & Janachowski, HK Financial Services bought Orion for scaling and nervously accept that it made its own scaling move
|February 20, 2015 — 8:51 PM UTC|
On strength of $1.4 billion of AUM and 90 RIA clients, Betterment raises $60 million of VC funding as it looks to disrupt RIA custody
The New York City-based robo added $1 billion in 11 months and (sources say) has bigtime RIAs contemplating it as a primary platform, CEO Jon Stein says
|February 19, 2015 — 2:01 PM UTC|
Schwab tells the SEC its robo-advisor has a 30 basis-point fee and big-time cash allocations held by Schwab Bank
The Schwab Intelligent Portfolios ADV says as much as 30% of clients assets are being sent to Schwab Bank
|February 18, 2015 — 7:59 PM UTC|
Has indexing become too popular?
The Princeton senior economist who pioneered index funds ponders whether sheer investor tonnage on the bandwagon could flatten tires
|February 17, 2015 — 10:08 PM UTC|
In a T3 teeming with deals, eMoney's Edmond Walters owned Dallas
Fresh off his firm's sale to Fidelity, eMoney's CEO demo left the crowd spellbound -- even as he chided Chuck
|February 16, 2015 — 8:27 PM UTC|
Schwab spills robo-beans to Wall Street, including a Schwab Bank wrinkle, cannibalization rates and the algorithm's distaste for OneSource funds
Calling Schwab Intelligent Portfolios a $400-billion opportunity, Walt Bettinger boasts of his own four-minute sign-up
|February 12, 2015 — 10:49 PM UTC|
What to make of Fidelity Investments paying $250 million out of the blue for eMoney
The price paid is about right, experts say, but in the hands of the giant, it could be worth more -- or less
|February 12, 2015 — 6:06 AM UTC|
An outflow-plagued American Funds holds its ETF fire until it can resolve the vehicle's front-running exposure, which defies a resolution
Edward Jones and other legacy American customers consider ETFs a niche solution to a main portfolio -- lessening the urgency for change
|February 10, 2015 — 9:57 PM UTC|