Articles published 2/2017
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The four-year ordeal Orion's president underwent to launch Eclipse -- a sprint to stay in the race with Tamarac and Black Diamond for rebalancing
Eric Clarke tried to build, failed, bought, but kept on building until he got Amazon-ensconsed Eclipse
February 28, 2017 at 2:31 AM
The three big defects in Andy Rachleff's theory of robo-advisors' ineluctable destiny of domination
Robos no doubt are tireless machines that perform tasks like tax-loss harvesting at a higher frequency than RIAs. But at what cost?
February 27, 2017 at 6:23 PM
Andy Rachleff blasts flesh-and-blood advisors -- even planners -- as Wealthfront returns to offense in robo game after losing ground under former QB Adam Nash
The Redwood City robo's founder and CEO sneers at the traditional retirement planning process even as Wealthfront concedes it's still chasing the essential snark of automated advice: artificial intelligence
February 24, 2017 at 5:33 PM
As Dimensional Fund Advisors' AUM nears half-a-trillion, David Booth yields his co-CEO duties to David Butler
Booth retains chairman role and Butler, long head of the advisor business, will serve alongside Eduardo Repetto as co-CEO as DFA hits $460 billion of managed assets
February 23, 2017 at 1:10 AM
When you actually have to register to become an RIA, how to do it and when you qualify to sign on
Kitces know the ways of the checklist-resistant but says the challenge of becoming a registered investment advisor is highly doable and can save an advisor money and time stuck in a morass
February 22, 2017 at 6:41 PM
An e-marriage of Schwab and Fidelity, a reflective Ron Carson and good jargon-bashing made T3 take off like that helicopter outside
Addepar and FolioDynamix team up, Fidelity defends its robo-AMP and Carson tells why the Carson Wealth-LPL partnership failed -- and what blame he takes
February 21, 2017 at 6:52 PM
JP Morgan breakaway RIA makes unusual hires with ambitious plan to lend to people that banks tend to shun
OC Isaac comes aboard Manhattan West to build supply for $100-billion investor demand for seeding startups viewed as messy
February 17, 2017 at 7:48 PM
Where Puzder's exit leaves the fiduciary rule, the DOL's bastardized mission and whether the new appointee prospect is a patsy
New nominee is law professor Alexander Acosta with a more politically correct profile but a similar stance on where power should lie in a free enterprise system
February 16, 2017 at 6:44 PM
DOL rule-killers now on defense as legal failures add up, reinforcements don't make it to Washington and the clock ticks down
Cumulative effect of Puzder and Scaramucci implosions and looming April 10 go date shifts momentum to the rule's standard bearers
February 15, 2017 at 6:32 PM
As dust settles on Scaramucci story, a different picture of DOL rule nemesis takes shape: A ladder-climber who slipped on the top rung
The SkyBridge Capital founder may have found an alleged conflict of interest as preferable to a less glamorous truth
February 14, 2017 at 6:30 PM
VCs back Wealthbox with another $6 million as improbable play to upend CRM giants like Salesforce, Microsoft and Redtail by 'Facebooking' its look and shanghai-ing data from LinkedIn
CEO John Rourke recognizes that CRM and social media are birds of a feather and he is starting to make his startup fly with the power and simplicity of the Silicon Valley giants
February 13, 2017 at 8:22 PM
New LPL CEO Dan Arnold thrills Wall Street in debut by laying out vanilla vision
Deflecting talk of RIA strategies and alliances with giants aside, Mark Casady's successor says LPL Financial's recruiting machine is poised to crank in DOL turmoil cast-offs
February 10, 2017 at 7:55 PM
RIAs should ask not for whom the DOL-rule sharks swarm ... they swarm for you, too
Advisors who truly aspire to be part of a respected profession need to oppose the furious efforts to revive the commission-broker ethos from the top seat of government
February 9, 2017 at 10:39 PM
'Forum-shopped' Texas judge, refusing to play along, torpedoes Wall Street's efforts to stay the DOL rule -- narrowing chances of an end run by Trump and stockbrokers
DOL rule's would-be killers face the quagmire of law-making; Chief Judge Barbara Lynn grilled DOL, promised that it signaled nothing, and that turned out to be true
February 9, 2017 at 2:46 AM
Apex Clearing adds Ron Fiske to its Pershing mafia as it plays bigger for emerging asset class -- RIA digital
Fiske departs Envestnet to rejoin Apex CEO William Capuzzi, a former Pershing colleague, to build on Apex 'big league' success as custodian for firms like Betterment and Wealthfront
February 8, 2017 at 10:05 PM
How Trump's backtrack on DOL rule burned his most ardent anti-rule supporters and the opening Elizabeth Warren is exploiting
Threat of losing DOL rule sparks a new public consciousness and the Massachusetts Senator gives shout-out to Betterment, XY Planning and BlackRock
February 7, 2017 at 10:46 PM
Rekindling old feud, Michael Kitces blasts Betterment, if civilly, for stealth price hike and other shortcomings
The blogging phenom puts love-hate relationship with the New York robo phenom on display as he calls out Betterment's sustainability and growth-rate problems, but as a customer still sees more to love than hate
February 6, 2017 at 11:48 PM
Tim Hockey invites channel-conflict question before TD Ameritrade's RIAs, sets good tone at LINC conference
New CEO plants question with his own PR interrogator, relieving tension, albeit with a stock answer, and allowing a successful event to unfold
February 6, 2017 at 6:22 PM
Trump's lightning-quick backtrack on executive order relating to DOL rule sows chaos in financial advice industry
The new late-day directive from the president casually strikes the six-month delay on the rule leaving lawyers with mouths agape
February 3, 2017 at 11:59 PM
LPL fires $10 billion RIA in Kansas City with both parties happy to keep the rift's cause out of view
With fiduciary rules, the economics of RIA custody and LPL fresh off a CEO departure, Resources Investment Advisors Inc. with $4 billion of its own and $6 billion of affiliated assets, declines to say if it's found a new home
February 3, 2017 at 7:17 PM
February 2, 2017 at 4:04 PM
Trump's DOL-rule hit man, Anthony Scaramucci, gets hoisted, reportedly, for financial conflict of interest
The hedge fund owner who compared the Labor Dept.'s attempt to bring fiduciary care to more assets to the infamous Dred Scott decision is being dinged, ostensibly, for a business combination with Chinese Communists
February 2, 2017 at 7:02 AM
Lori Hardwick resigns from COO job at Pershing in 'completely unexpected' move
The longtime Envestnet exec is apparently leaving to join an entrepreneurial venture just a year after surprising observers by taking the post at the BNY Mellon subsidiary
February 1, 2017 at 11:27 PM
How promise to wife looms large for ex-F-Squared chief as SEC seeks to deny him court date
Docket filings tell dramatic tale of how Howard Present allegedly looked the other way on inflated backtest returns while laboring under duress of losing his dream
