Articles published 11/2016
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How Aaron Klein plans to make Riskalyze the epicenter of the RIA business with $20 million of fresh private equity money
The CEO startup already has 15,000 users but now he sees the Risk Number as the skeleton key for unlocking robo potential by eliminating two-tier, two-business problem for B2B robos
November 30, 2016 – 10:08 PM
How Donald Trump jolted Sallie Krawcheck out of sexism denial, maybe, and the startlingly retro remedies she prescribes for young women
'Getting it' before and after Trump's upset victory takes on different casts, but the 'real key' to gender equality remains the same: get rich by investing well, says Krawcheck
November 29, 2016 – 8:16 PM
Once RBC's RIA face, Craig Gordon returns to the Minneapolis-based custodian psyched about City National purchase and NextCapital deal
Gordon is betting his career on the premise that RBC has gotten its act together in the two years he was away
November 28, 2016 – 8:58 PM
MarketCounsel texts like crazy to get and keep its white hot speakers, Priebus and Scaramucci, nailed down
The speaking time slots for these Trump power brokers are elusive but the boys are coming to Brian Hamburger's Florida event -- perhaps with knives drawn for the DOL rule
November 25, 2016 – 8:55 PM
Why I am incautiously thankful on Thanksgiving eve -- and especially with regard to the RIA business
The election and the on-again, off-again lurch toward a more DOL-rule-compliant financial advice world are bruising but the process itself is still doing its job
November 23, 2016 – 9:36 PM
Abigail Johnson to succeed her father as head of the board -- but will her leadership style resonate in a company seeking a new true north?
CEO since 2014, 'Abby' now heads a 401(k) king amid DOL hell and a mutual fund leader as ETFs take over at a giant company at a time when small and agile wins the race
November 22, 2016 – 7:17 AM
Almost-confirmed reports had Ron Carson bolting LPL for Cetera as part of a $35-million shake-up of his RIA; 92 hours later the silence is deafening
The $2.6-billion AUM defection by the LPL rep icon was widely reported, tacitly confirmed, then unconfirmed and remains in a cone of silence
November 21, 2016 – 11:56 PM
RBC Wealth Management adds NextCapital to its robo lineup with a head-scratching explanation about its earlier pick of FutureAdvisor
It appears Rob Foregger's robo-come-lately has leapfrogged its bigger, better-funded automated portfolio offering -- although the 'why' of it is open to interpretation
November 21, 2016 – 6:51 PM
Commonwealth Financial will reverse course on commissions if DOL gets reversed
The Waltham, Mass. IBD's stance jibes with Wayne Bloom's earlier message of regulatory risk and reward as Merrill Lynch stays mum
November 18, 2016 – 6:02 PM
Why the LPL-Schwab merger rumor making the rounds makes more sense the harder you look
The Boston- and San Francisco-based companies each lead independent channels and redundancies are scarce
November 18, 2016 – 1:15 AM
What to make of how Wells Fargo and SigFig are cooking up an unprecedented cross-sell of wealth management to retail bank customers
The deal, unlike some others by SigFig, is not to aid W-2 or 1099 advisors of the (Wells Fargo) wirehouse or bank, but to compete for assets on an open battle field
November 17, 2016 – 10:05 PM
How Barron’s 'Next' lays bare the tail-wags-dog sponsored content predicament facing financial journalism
The web-only Dow Jones publication for wealth-seeking, 'coddled' millennials chums its site with brands under bylines in search of millennial bites as media mavens wonder if the under-40s will accept it, notice it or have enough money to act on it
November 16, 2016 – 9:21 PM
Valerie Brown finds her CEO in UBS ex-prez Jamie Price off the obvious radar screen
In search effort the Advisor Group executive chair looked past kiss of death on the Price résumé and saw the digression off the corporate path as a positive
November 16, 2016 – 12:17 AM
The odd and open courtship between the SEC and robo-advisors plays out again -- this time at an SEC-hosted webcast panel in Washington, D.C.
Mary Jo White introduced a forum with representatives from FutureAdvisor, Betterment and Personal Capital who mostly just nodded in assent at each other
November 15, 2016 – 10:22 PM
Yale endowment's performance comes in like a lamb again -- even as David Swensen is lionized in the pages of the NY Times.
With the boom years figured in, endowment manager Swensen is still an all-time winner but in spite of the past decade
