Articles Published 11/2017


HeadlinePublish date

All-LPL M&A deal yields one $875-million firm in which Black Diamond, Schwab and Vanguard are named factors

The 51-year-old founder of CalBay Investments Inc. and the Hillis Financial Services founder, 73, do a succession-minded combination that keeps assets all in the LPL family

November 29, 2017 — 11:49 PM UTC

Pro-DOL rule forces sharpen knives now that DOL rule's 18-month delay is carved in stone

Labor Department loses formerly effective duck-and-weave defense tactic after 'U-turn' toward a more Wall Street golden goose ethos

November 28, 2017 — 10:14 PM UTC

How UBS exited the Broker Protocol and why the aftereffects may surpass those of Morgan Stanley's earlier departure

Using Thanksgiving and the alleged complicity of his firm's attorneys as a smoke screen, CEO Tom Naratil made good on warning to slam the door on his sales force

November 28, 2017 — 2:37 AM UTC

The one thing no RIA should forget to thank God for at Thanksgiving

Instead of clients carving you up like a turkey they place an astounding amount of trust in you and your business model

November 22, 2017 — 10:37 PM UTC

How Vanguard lost a $19.4-billion 401(k) account to Fidelity and why it's the exception to the rule -- and isn't

Chevron boots the hyper-fiduciary Malvern, Pa.-based indexing giant in favor of Fidelity after two dismissed lawsuits

November 21, 2017 — 12:53 AM UTC

As health insurance premiums blow gaping holes in financial plans, Bryan Kuderna interviews an expert

Dan Campbell identifies two areas where an employer and/or consumer stands a chance of managing incoming health care missiles

November 20, 2017 — 7:32 PM UTC

Bernie Clark uses Schwab IMPACT 2017 as pulpit to preach Schwab scale as firewall to blaze of dystopian big-data future

With no RIA deliverable to pitch, Charles Schwab & Co. execs presented their go-big, 'no goals' vision for managing accelerating external change

November 17, 2017 — 10:45 PM UTC

Wealthfront calls its smart beta approach 'superior' to Dimensional Fund Advisors largely because DFA works with RIAs

The Redwood City-based robo-advisor's CIO Burton Malkiel says his firm's robo-approach to factor investing convinced him to reverse his stand on passive investing as unbeatable

November 17, 2017 — 2:21 AM UTC

In letter to the editor Emigrant Bank finance chair calls out Mark Hurley for bad faith, improbable claims

Barry Friedberg answers Hurley's theory of the acrimonious dispute case point by point and makes counterclaims

November 15, 2017 — 9:38 PM UTC

After 'thinking changed' Emigrant Bank hires new CEO to either take Mark Hurley's spot at Fiduciary Network or to head new unit that will compete head-on

With Hurley now characterized as expendable, the New York bank makes Karl Heckenberg chief-in-waiting and Harold Evensky expresses 'reservations' about Emigrant Bank power play

November 15, 2017 — 9:38 PM UTC

Quovo is developing an ACATS rooter process with Apex Clearing as first to sign on

The Silicon Alley startup is using its data science as a way of attacking a clog considered not susceptible to intervention

November 14, 2017 — 11:09 PM UTC

After Brian Hamburger scores Greg Fleming, Tom Bradley, Elliot Weissbluth and other A-list whoppers, MarketCounsel Summit fees will rise

Speakers fresh off making RIA headlines, including ex-Morgan Stanley president who is launching Rockefeller-backed RIA, will address uncomfortable issues, which sends demand up; $1,000 tickets til Monday

November 10, 2017 — 11:09 PM UTC

Franklin Templeton's ETF play reveals pain of being late -- yet it beats never

Franklin Resources has hewed to near a $42 share price back to 2006 but with $750 billion of AUM it is being deliberate with launch of single-country ETFs, opening wider window on strategic weaning from mutual fund dependency

November 10, 2017 — 12:29 AM UTC

Mark Hurley battles to end his relationship with his billionaire investor

The Fiduciary Network CEO needs a "bigger" investor, he says, as RIA LBO game heats up and he holds upper hand after winning arbitration but Howard Milstein's bank hasn't waved the white flag

November 9, 2017 — 4:08 AM UTC

BlackRock may build the biggest, baddest RIA platform yet as 'Boy Wonder' begins 'Aladdin-izing' FutureAdvisor

Since its acquisition in 2015, crickets for the $152-million robo-advisor, but under young legend Rob Goldstein, that could all change as BlackRock rolls out its play to own the advisor desktop

November 7, 2017 — 8:39 PM UTC

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