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Articles published 5/2016


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Ryan Parker: I want to say in the clearest way possible that there's nothing driving me away from LPL

Edelman Financial gets its CEO from LPL but the chief executive's job description isn't exactly what the old one was

The $16-billion-AUM RIA's poach of Ryan Parker gives Ric Edelman the bandwidth to exert more of his people power

May 31, 2016 – 8:47 PM

Paul Kingsman: I knew my new business partner well -- she was my mother-in-law!

How my mother-in-law steered my career from Olympic swimming in New Zealand to fee-based advising in the US

I was a 1988 bronze medalist -- a first for a Kiwi male -- taught swimming, sold Speedos, but wanted to help others avoid the fate of my badly advised parents -- a path that took me to the World Trade Center as a Morgan Stanley trainee in 2001

May 27, 2016 – 3:49 PM

Tom Faust: I thought it would be an hour commitment and we'd move on.

Eaton Vance leads a $40-million investment round in SigFig with an eye toward capturing some of its lightning to spark NextShares

For his millions, Eaton Vance's Tom Faust gets a seat at the SigFig table, which he hopes his firm can leverage

May 26, 2016 – 8:18 PM

Pete Hess [at Nasdaq opening bell with Advent board chair Stephanie DiMarco in 2012]: I'm going to take six months off after 23 years. I want to come back fully regenerated.

Pete Hess steps down at Advent Software just as Axys gets whodathunkit fix

Dave Welling will co-head Advent with Robert Roley as Black Diamond reporting is introduced to to Axys users

May 25, 2016 – 2:49 PM

Bill Harris: We don't consider the robos our competition.

How Personal Capital plans to spend its $75 million of green to grow and become better known as the un-robo robo

Using the Denver locale as lure, the Silicon Valley RIA will bulk up on advisors, engineers and marketers

May 24, 2016 – 12:32 AM

Marion Asnes of the Idea Refinery [r.] with Nicole Newlin of Efficient Advisors: Until Big Data reveals all of their clients' habits and motivations, advisors will just have to work at winning their attention.

With a nod to OSJ power and DOL rumblings, Gladstone convenes 100 advisors in Philly

10 OSJs walk into a room and the rest is silence for 90 locked-out attendees

May 23, 2016 – 4:22 PM

Paul Damon: I’d advise more balance and consideration in your reporting on alternatives, which seems to be lacking of late.

Citing two RIABiz recent articles, a longtime reader tells us why our hedge fund coverage is skewed

There's a place for alternatives in the post-crash era, our correspondent writes, especially when 60/40 portfolios are not a universal panacea

May 20, 2016 – 5:51 PM

Sallie Krawcheck: When we took away the jargon and put it into plain English, all of a sudden she said, 'you know what? I can do this.'

As a self-aware Sallie Krawcheck launches at TechCrunch Disrupt, Ellevest embraces the peril of selling algorithms to women

Automation is hard enough but the ex-Merrill chief is resolved to deliver to women what they want even if its means giving them what they don't think they want

May 20, 2016 – 5:35 PM

Jeff Carney is returning to his US retail roots as Personal Capital board member.

Personal Capital gets $75 million investment and an ex-Schwab retail chief in Jeff Carney

The Bill Harris-founded call-center RIA, which manages $2.4 billion in assets, hits it $500-million bogey for valuation

May 19, 2016 – 11:30 AM

Scott Zipfel: Those who redeemed in the first half of the first quarter missed the rebound in the second half.

What's up with Mercer blaming 'political pressure,' bad press and even investor bad timing for hedge fund ills

The big NY talent consultant counters the national media's growing attention to the stumbles and pitfalls of these managers of $3 trillion of assets

May 18, 2016 – 9:21 PM

Bill Butterfield: I'm sure other wirehouses won't be far behind.

Why there's more to the UBS-SigFig deal than meets Sergio Ermotti's gimlet eye

UBS's New York and Switzerland C-suiters tromped through the San Francisco robo's digs for months before striking this bellwether deal

May 17, 2016 – 6:52 PM

James Mendelsohn's expertise in digital marketing is a relatively untapped vein at Edelman Financial

Ric Edelman hires former what's-in-your-wallet Capital One CMO to replace former Verizon can-you-hear-me-now? guy

James Mendelsohn aims to realize the 'potential energy' of the growth-stalled RIA empire Edelman Financial by exercising branding and marketing skills

May 16, 2016 – 8:20 PM

Peter Swisher: The DOL's authority is limited to ERISA plans. The IRS retains control of enforcement. The DOL therefore gets to write the rules for IRAs though they have no power to enforce them.

How the DOL brought the IRS wolf to the RIA door with its 'rule' -- think IRAs

The Internal Revenue Service was always the IRA cop for individuals but now advisors may answer to the tax man

May 13, 2016 – 10:19 PM

Ashley Curtis: Money is boring. I like what it could give me -- it is not that I wouldn't like to be rich -- but the expense of spirit required to actually get rich presents a hurdle I am incapable of overcoming.

Why the 56-year-old scion of Wall Street barons is 'broke' but unforgiving toward the financial advisors who might have kept him rich

From a golden childhood in Buzzards Bay to a goat barn in the Alps, the baby boomer searches for the source of his paycheck-to-paycheck reality

May 11, 2016 – 11:17 PM

What started with Aequitas in this building in the Oregon woods has spread.

TD Ameritrade threatens to cut loose Aequitas-tainted RIAs as the bad-college debt-fueled conflagration continues to burn

The Aequitas Ponzi revelation in February -- that 1,500 investors were owed for more than $300 million in alternative asset notes -- did not begin to realize the depth of ties between the bilkers and bilkees

May 10, 2016 – 11:03 PM

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