Articles published 8/2016
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What to make of Cetera's prolonged CEO murkiness and how the Nicholas Schorsch 'dumpster fire' of bad PR relates to it
RIABiz sources for Friday article stand by contention that Larry Roth will make way for Robert Moore at CEO -- precipitating de facto gag order on 9,000 IBD reps
August 31, 2016 at 10:23 PM
Why Focus Financial is risking it all -- including the advantages of privacy and private stock -- for a successful IPO
RIAs are perhaps being held in place by just those two elements, but with $1-billion valuation on the line, the liquidity event is taking on a life of its own
August 30, 2016 at 6:57 PM
Sources: Larry Roth is out at Cetera, supplanted by ex-LPL president, Robert Moore
A column co-written by Roth and Moore earlier this month hinted to some that Cetera's newly rechristened parent firm is still actively engaged in refurbishing its image
August 26, 2016 at 6:06 PM
What FINRA's CEO shuffle reveals about its waning viability as the self-funded fox guarding the investor henhouse
As Richard Ketchum departs amid fulsome praise, FINRA's failed bid to make RIAs 'rules based' combined with member unrest leave the SRO in deep dilemma mode
August 25, 2016 at 9:41 PM
Betterment wins Uber account from under the nose of its Silicon Valley robo-rivals
The New York robo-advisor won the mega de facto pension plan of the San Francisco-based hail-a-ride app maker
August 24, 2016 at 1:05 PM
After Vanguard gains $550-billion ETF lead, Fidelity makes 'rabbit out of the hat' play to regain ground
But even as Boston execs attempt magic, Vanguard makes almost simultaneous ETF move that requires no lagomorphs
August 22, 2016 at 10:54 PM
What to make of LPL freezing the wages of most staffers -- and some reaction to the company's explanation
Cost savings may be less the issue than the desire to turn a page, change a culture and even headhunt Google- and Goldman Sachs-like visionary execs
August 19, 2016 at 3:17 AM
FINRA shifts an unwelcome spotlight away from itself -- by training it on the brokers it oversees
The embattled SRO is spending $3.5 million to advertise BrokerCheck and is requiring its front-and-center placement on firms' websites as public demand for heightened fiduciary care grows
August 17, 2016 at 8:05 PM
How Tiedemann and Presidio did a no-cash merger of their $4.9 billion and $4 billion RIAs -- and their disarming honesty about jitters
A restructuring by Presidio's stricken CEO's deputy paved the way for a 'non-threatening' union in which all principals keep their equity
August 16, 2016 at 9:05 PM
Jaws drop after Dale Brown Skypes keynote address to Laser App conference with the claim: 'We were fiduciary believers long before being a fiduciary was cool'
The FSI chief's comments lit up Twitter then T3's Joel Bruckenstein and cleverDome announced a cybersecurity consortium at the San Diego gathering
August 15, 2016 at 8:03 PM
With a 'unicorn' as the stated objective, Morningstar hijacks its own venture founder, backs him with VC funding and sends him out into an annuity world
HelloWallet founder Matt Fellowes left his team with eyes on extracting profits from baby boomers looking to spend down their nest eggs
August 12, 2016 at 5:55 PM
RIABiz turns seven, with a central new 'problem'
With our inauspicious 2009 start year long gone, we see the chance to achieve a bigger destiny as RIAs rise and legacy publications embrace pay-for-play content models
August 10, 2016 at 7:18 PM
Lebenthal breakaways stake out a pricey swath of the Hamptons the better to entice wealthy society types who now live there year-round
YorkBridge Wealth Partners is occupying Lebenthal's old digs in Southhampton, the better to scope out UHNW luminaries
August 9, 2016 at 11:23 PM
First Republic's $70B-plus RIA roll-up loses four top executives as its contract with Luminous team ticks down
Sources say another Great Hou-Sear Escape could be in the offing based on the team's clannish ways when it comes to technology
August 8, 2016 at 8:10 PM
What Vanguard's hire of a sizzling Wall Streeter reveals about Bill McNabb's determination to avoid the whiff of stale passivity
Anne Robinson is the new chief counsel reporting to the CEO, but her Citi and AmEx branding expertise and her outsider status hint at the $3.4-billion asset manager's nod to rapid shifts toward market challenges
August 5, 2016 at 7:21 PM
CONCERT attracts $1.7 billion of 'AUA' after its AUM attracts the unwanted attention of the SEC
The SEC found that the 'wirehouse lite' company was light on truth about its AUM and made it pay
August 4, 2016 at 10:09 PM
What exactly led to a Raymond James lifer morphing into a cooking school proprietor in Italy
Two years into his venture, Mike Di Girolamo tells what went into effecting his mouthwatering second chapter
August 3, 2016 at 5:28 PM
Vanguard virtual RIA's growth rate plummets from 50% to 32% with a staggering consolation -- another $10 billion in AUM since January
Now at $41 billion, up from $31 billion six months before, Vanguard gorged on easy cannibalization but classic RIAs are also losing assets to the Malvern growth engine
August 2, 2016 at 9:30 PM
In exclusive RIABiz interview, Dawn Bennett tells how she's striking back at SEC after a $4-million legal drubbing has left her 30-year career in shambles
The advisor and popular radio host has hired the 'London Whale' attorney to prove she and her firm were victims of a regulatory witch hunt
