Articles published 7/2015
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Following 'irregularities' Mark Mandich says Curian Capital will close its doors in 2016
In hindsight, the $11-billion Denver TAMP had made some moves like removing key managers and installing interim ones in the wake of troubles its parent entity referred to US regulators
July 31, 2015 – 12:09 AM
LPL Financial tosses its sales pitch to 7,000 in its HQ city of Boston
The only constant for LPL is Mark Casady and change as the broker-dealer slogs to the far shore from the 'messy middle'
July 30, 2015 – 9:49 PM
With 'revenue sharing' as primary consideration, Guggenheim transfers its in-house RIA to HighTower
HighTower gets a substantial bounty of fee-generating assets and clients and Guggenheim avoids having to scale up
July 29, 2015 – 8:20 PM
A $350-million-AUM team of ex-lawyers-turned-advisors lands at Commonwealth after stops at Edward Jones and LPL
Best pals since middle school and partners since 2001, the advisors use their mad depostition skills to hone in on client needs and their tenacity to make sure of follow-through
July 28, 2015 – 8:01 PM
LPL will launch third-party robo for advisors and eliminate some fees
Dan Arnold laid it on the line: LPL is being disrupted but taking the challenges head-on
July 27, 2015 – 5:28 PM
Schwab's big reveal at its July update: Goal to hire 1,800 financial advisors and unpause branch expansion
Newbie Terri Kallsen gets the Bettinger nod to spend big on doubling advisor force and growing branch count to 500
July 24, 2015 – 11:40 PM
A Swiss RIA advisor reports on a Zurich event aimed at shaping, saving Swiss wealth management in the wake of purging American clients
Complacency is still the rule but a personality-changed Credit Suisse and the rise of Swiss RIAs are signs of Swiss innovation, adaptability and -- gasp -- customer service
July 24, 2015 – 5:38 PM
SS&C's first big act as Advent Software's new owner is to put RIAs using Axys and APX under Black Diamond
Pete Hess will be the asset management czar and David Welling will rule all things RIA in the new framework
July 23, 2015 – 6:32 PM
BNP Paribas -- dominator of the UHNW market in France -- taps ex-Silver Bridge chief for ultrahigh-net-worth assault on US
Through its Bank of the West subsidiary, Paribas is hiring Prostano to gun for San Francisco rival First Republic -- but questions about the state in which he left Silver Bridge remain
July 22, 2015 – 5:48 PM
Why SigFig is shifting its focus to using banks as middlemen despite having captive consumer audience with $350 billion
The San Francisco-based robo-advisor has trepidation about the scale it would take to handle the conversions after bad experience
July 21, 2015 – 7:13 PM
AMG's deal for $7-billion myCIO will give it $32 billion of AUM and its 12-billionth dollar of acquired assets in 2015
The RIA founded in 2005 made out of spare parts of E&Y and PWC needed a blue chip succession plan from the Beverly, Mass. asset management roll-up
July 20, 2015 – 10:01 PM
Morningstar bristles about being 'refused or ignored' by DoubleLine as the 'silly, ugly feud' between Jeffrey Gundlach and the ratings firm rages on
The radioactive grudge match, avidly covered in the press, began when the mortgage-backed bond maestro left TCW in 2009 and is now playing out on DoubleLine's $46.3 billion flagship fund
July 17, 2015 – 6:15 PM
Vanguard's white-hot 'hybrid robo' just added $4 billion in three months -- a heat that may cast a chill on 'pure' robos
Now at $21 billion, Vanguard Personal Advisor Services is cannibalizing as a segmentation strategy and emphasizing new technology that edges it toward a more robo-centric, less call center-oriented model
July 16, 2015 – 5:02 PM
How DFA is putting its John Hancock on the ETFs category
The deep-in-Texas manager is lending index help to the Boston giant but dodging cannibalization and channel conflict
July 15, 2015 – 4:45 PM
Bringing a familiar ferocity, Brian Hamburger binges on Ivy League grads and wirehouse and securities-firm veterans in MarketCounsel restaffing
With $1-billion RIA firms abounding, the New Jersey lawyer breaks away legal talent from Wall Street to address a blizzard of change
