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Articles published 9/2015


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Paul Woolway is making Schwab Bank grow fast with help from RIAs.

Schwab alerts its RIAs that it will liquidate client money market holdings by Dec. 1

The San Francisco-based broker is shipping all cash in sub-$500K accounts to its bank

September 30, 2015 – 8:35 PM

Philip Paleveev:  We want them to experience what it feels like to run a firm and make decisions

Philip Palaveev and Bob Oros create Hunger Games-style RIA high jinks for Fidelity execs, then release it for wide consumption

The reality TV-Harvard Business School hybrid throws simulated market crashes, personal tragedies and M&A what-ifs at green FAs to test their mettle and groom them for succession

September 29, 2015 – 10:31 PM

The Boston Convention Center almost upstages its city -- big, bright, modern.

A palpable camaraderie accrues in Boston as FPA provides support group for lonely CFPs and the atomized niche firms that serve them

There were RIAs and IBDs galore -- but no wirehouse reps -- on hand for a much-anticipated robo slug-out between Kitces and Sokolin

September 29, 2015 – 8:27 PM

Co-founder Charlie Kroll started a successful online venture in his Brown University dorm room and appears be the day-to-day operator of this robo.

Relying on men but 'losing sleep' Sallie Krawcheck seeks to robo-reap women investors with Ellevest

Industry luminaries Joe Mansueto, Mohamed El-Erian, Ajay Banga and Robert Druskin -- never mind co-founder Charlie Kroll -- make up a stellar roster of male executives backing this play for women's wealth

September 28, 2015 – 10:46 PM

Deborah Fuhr talked SPIVA, short-hand for ETF indexing kicking active management tail end.

Amid papal euphoria, a bullish ETF event at NYC's Conrad Hotel where pros plot the next few trillion of assets

Tom Lydon's fundfest had everything from Deb Fuhr's dry intellectualism to Josh Brown's New Yok F-Bombs, with all the Powershares, BlackRock iShares, State Street power players represented

September 26, 2015 – 7:42 PM

Michael Rawson: Inflows at these funds more than make up for the effects of more frequent trading.

10 years after Eliot Spitzer, Vanguard Group changes back its frequent trading policy

The 60-day rule hurt investors more than helped, the Malvern, Pa. firm's exhaustive studies concluded

September 25, 2015 – 8:05 PM

Anil Arora:  We are powering some of the biggest financial institution, investment and wealth management entities in Canada, the United Kingdom, Australia, South Africa, India.

This time Envestnet plays most cards face up as analysts press again for cogent Yodlee deal rationalization

Jud Bergman supposes, though not until 2020, that the merger will yield an extra $200 million in revenues

September 24, 2015 – 11:44 PM

Ken Anderson: We can continue to archive the personal pages but don't have access to those messages.

How Facebook's unfriendly new privacy strictures are edging RIAs into the social media monster's business-page boonies

Third-party data culling and archiving firms like Hearsay and Smarsh are scrambling for workarounds as the data spigot runs dry and new compliance challenges loom

September 24, 2015 – 6:10 PM

Mike Crinieri: Our clients asked us to apply our investment expertise to exchange traded funds.

The wild ride that Goldman Sachs took to launch its first ETF -- one that even an RIA could love?

Three years of leaking assets in $1 trillion Goldman Sachs Asset Management pushed Lloyd Blankfein to treat the unit like a deal leading to acquisitions, hires and an exchange traded fund strategy

September 23, 2015 – 7:42 PM

Andrew Parish: The legal fight isn't over and that there are a tremendous amount of moving parts.

The peculiar sentencing scenario involving Andrew Parish, AdvisorHUB, lenient prosecutors and an atypically forgiving IRS

The slashing blogger will continue the legal fight, he says, but for now incarceration seems inevitable

September 23, 2015 – 5:20 PM

Barbara Yastine left Ally Bank CEO role in June after the shares fell below the IPO price.

After pocketing $5.2 million in 2014 comp as Ally Bank CEO, Barbara Yastine joins Lebenthal as Frank Campanale exits

Alexandra Lebenthal takes the co-CEO role of the wealth manager and she intends to woo more female advisors

September 21, 2015 – 10:01 PM

Scott Hanson: Frankly, I didn't leave the conference deal-hungry, but it did give me some food for thought as we plan the future of our business.

Why a $1 billion-plus RIA attended Dan Seivert's two-day M&A conference despite having no intention of buying or selling

Scott Hanson came away deeply impressed by how deals could accelerate the RIA business's bid to comparability with other professions

September 21, 2015 – 6:51 PM

Dawn Bennett accounted for AUM totals by saying she managed cash for a South African telecom, a Virginia-based travel agency, and Virginia-based historical preservation group

Why legal experts expect radio personality and registered rep Dawn Bennett to be barred from the industry for what started as an exaggeration of AUM

In the great tradition of legal quagmires, the cover-up seems as much the issue as the original broadcasted misdeed

September 18, 2015 – 7:55 PM

Rocky start: Coders -- presumably tamer than the miners who used to stay at this 19th century former hotel in Park City -- were evicted after complaints from the neighbors.

Strung out on Red Bull, and stung by a red-faced landlord, 70 tech nerds and Russian-style judges, Eric Clarke pushes RIA app coders to new limits in Utah suburb

No panels, no PowerPoint no breakout sessions -- just tech whizzes from competing firms striving to integrate their systems to better serve financial advisors

September 18, 2015 – 6:16 PM

Roger Aliaga-Diaz: We are being more outspoken.

Anything but passive, Vanguard Group chides Yellen for mistaking market static for market signals in leaving rates alone

Roger Aliaga-Diaz is concerned that the Federal Reserve itself stoked market volatility then cited it as a reason to stand pat

September 17, 2015 – 11:27 PM

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