Articles published 8/2015
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LPL installs a former Wells Fargo tech-meister as it races to replace software, RIAify itself, for 14,000 restive advisors
The No. 1 IBD has miles to go in its mission to strip down and rebuild its once 'pretty horrible' platform but CIO Victor Fetter says dramatic changes are already evident
August 31, 2015 at 6:19 PM
How Orion's parent company -- NorthStar -- is recovering, Omaha-style, from underestimating space needs by 45,000 square feet
After hiring 326 people in last 18 months, people are being all but stuffed in closets but a cheap solution is at hand -- a new campus
August 28, 2015 at 4:43 PM
ETF makers mostly have $500-million-plus-AUM RIAs to thank for growth, study shows
RIAs added half a trillion in assets to ETFs in a recent 12-month period, far outpacing wirehouse brokers
August 27, 2015 at 8:37 PM
Allegations in Virtus class action relate to the fund company using a track record improperly calculated by its subadvisor
The suit says the track record was fabricated using backtested hypothetical results that were not only falsely presented to investors but were themselves grossly inflated
August 26, 2015 at 3:54 PM
The 10 essential qualities an advisor must possess to become an 'ethotic' leader in these days of roiling markets
Why? Because it's time for the industry to accept that consumers will never care about suitability vs. fiduciary and recognize that they're hungry for leadership
August 26, 2015 at 2:59 PM
Vanguard urges considered inaction -- not knee-jerk reaction -- to market's wild ride
The S&P 500 is way, way up since the dark days of the crash, says CEO Bill McNabb, so stop fretting and enjoy the rest of the summer
August 25, 2015 at 2:54 PM
The buzz at RIA event in San Diego was how to get buzzed, dole out buzzes as inducement to automate practices
The intellectual puzzle of the Envestnet-Yodlee deal was one game played but Laser App's featured speaker took gaming deeper
August 24, 2015 at 4:08 PM
Why two women advisors broke two unwritten breakaway rules en route to taking $500 million to a $3-billion RIA
Daniela Pedley and Lauren Cosulich held back to give the original Summit Trail blazers their earned glory -- but gave notice on a Monday to let clients have their weekend peace
August 21, 2015 at 4:26 PM
Why a flat start doesn't mean a flat finish for the S&P 500
Halfway-point blues notwithstanding, strong earnings and other catalysts that could push the S&P 500 into the black by Christmas
August 20, 2015 at 3:53 PM
Two ways of reading Wealthfront's inscrutable hire of a power CFO -- one it may not really need anytime soon
The Palo Alto-based robo-advisor may have tapped Ashley Fieglein Johnson to raise more VC -- or just because it doesn't need to count every bit of cash it burns
August 19, 2015 at 3:05 PM
The odd case of MetLife's claim that it's being bullied by LPL
The $60 billion market-cap insurer alleges LPL was underhanded in luring away 60 employees -- but thousands have already left its broker-dealer without LPL's help
August 18, 2015 at 5:07 PM
Curian Capital predators position to pounce -- but a few copiously keep their distance to avoid quills
As smaller TAMPs play the finesse game, SEI, AssetMark and Envestnet, with combined $100 billion-plus AUM, see a path to play up their size and scale after the smaller TAMP falters
August 17, 2015 at 4:51 PM
Consumer Reports names Betterment in top five for customer service with USAA, Schwab, Vanguard and T. Rowe Price
The recognition flies in the face of a bias against that says robos can't hold hands with their bony robot fingers
August 14, 2015 at 8:05 PM
Monica Lewinsky is giving a keynote at Ron Carson's Peak conference
The ex-intern's message about cyberbullying, public shaming and personal branding is one advisors need to hear, according to Carson and industry advisors
August 13, 2015 at 6:01 PM
What I learned about our industry’s toughness, endurance and character across four peaks, 28 miles and 7,500 vertical feet in Aspen
Bears, lightning, not to mention the 'Frigid Air Pass' and the 'Soul Crusher,' challenged the RIA adventurers on their fourth, and most grueling, trek
August 12, 2015 at 6:55 PM
Envestnet stock skidded 35% -- so will it force a rethinking of the Yodlee deal?
The Chicago-based outsourcer's bid to increase shareholder value hazards a counterproductive outcome
August 12, 2015 at 2:59 AM
Envestnet buys Yodlee and its treasure trove of 'permissioned' data by selling its vision of the future of financial advice
The Chicago overachiever's deal is its third Silicon Valley acquisition overall, and second this year
August 10, 2015 at 10:11 PM
How an ex-Goldman superstar asset gatherer in LA is bringing her bazooka to the RIA knife fight
Growing up in a West Egg-East Egg scenario among the Long Island rich, Amy Parvaneh burnished her credentials with unusual Parisian luxury brands training, a Duke MBA and a dramatic Wall Street debut
August 10, 2015 at 7:28 PM
RIABiz turns six, with plans to keep riding an ever-swelling RIA wave
The Mill Valley, Calif.-based website strives for a new journalistic model, based on old-fashioned values, to cover an advice industry going through a parallel set of changes
August 7, 2015 at 4:56 PM
After cutting 401(k) middlemen out backfires, Schwab cuts them back in
The problem for Walt Bettinger's newfangled Index Advantage DC plans was that for three years only $10 billion of assets showed up in an atmosphere of self-direction
August 6, 2015 at 5:17 PM
In a six-month-mark reality check, Walt Bettinger recasts Schwab's retail robo-advice as a 'tool' -- but a handy one
After the mini-Manhattan Project of Schwab Intelligent Portfolios, its CEO is showing a fuller hand of cards that goes way beyond B2C
August 5, 2015 at 6:52 PM
Ric Edelman and David Bach go their own ways after super-partnership dissolves
After less than a year together, Bach is on a long vacation and Edelman is still pursuing a succession plan
August 4, 2015 at 8:21 PM
How exactly five ex-Barclays advisors and one analyst across three time zones combined to make a $3 billion RIA
A 38-year-old researcher played point man in the offensive that formed Summit Trail Advisors with offices in New York, Chicago and San Francisco
