Articles published 2/2015
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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