RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Articles published 6/2017


Headline

Publish date


Louis Diamond: First, I call my parents Mindy and Howard. That was the first big step.

Mindy Diamond unleashes her 26-year-old son on Wall Street to cut deals and recruit recruiters

Louis Diamond has a Manhattan office, an M&A mindset, a willingness to call his mom 'Mindy' and a green-pasture outlook when it comes to the RIA business

June 30, 2017 – 6:46 PM

Alexa von Tobel brings her New York state of mind to Milwaukee but not for free.

How Northwestern Mutual may still get ROI on its $250M LearnVest investment but maybe only by anteing up $50M more

The promised January reveal at the financial planning robo never happened but the insurer is using new mother Alexa von Tobel as its sourdough-starter to bake up a venture ecosystem

June 28, 2017 – 11:11 PM

Bill Hamm: From what I’ve seen it can only bring positive changes.

LPL Financial lets go of David Reich to pull its crucial $135-billion 401(k) division into a central service and branding sphere

The head of the unit exits amid advisor chatter that the hyper-channelization of LPL sometimes makes six phone calls necessary when one would do

June 26, 2017 – 9:34 PM

Larry Raffone: They can’t plan for retirement because today is getting in the way of tomorrow.

Power Player: Larry Raffone is racing to 'lock up' the 401(k) market by taking its robo head start and combining it with a semi-national RIA

One analyst calls Financial Engines' Personal Advisor a 'massive long-term opportunity' but the rollout is slow and details are scant

June 26, 2017 – 6:56 PM

Jeffrey Friedstein gets a summer break just when he didn't want one.

A Goldman Sachs team attempts breakaway with a client as stakeholder in new RIA and suffers the consequences

Grey Street Capital will have to wait until August to solicit former clients -- at the very least

June 22, 2017 – 9:21 PM

Hussain Zaidi: I wouldn't be here if it weren't for my time at Ameriprise.

Advizr gets Series A $7-million investment in bid to create software with best of eMoney, MoneyGuidePro and Mint.com rolled into one

Franklin Templeton, SEI and Fenway Summer place $7-million wager on Hussain Zaidi, a former Ameriprise broker who cites his 'unfair advantage' in starting from scratch against a software category that got going decades ago

June 22, 2017 – 12:28 PM

Ron Rhoades: Certificants may choose to exit firms that do not follow the CFP Board’s lead.

The CFP Board's thunderbolt fiduciary play should proceed and likely will

The 'fiduciary at all times' approach is likely to be supported by the 77,000 CFPs themselves, if opposed by insurance lobbyists and their ilk

June 20, 2017 – 8:33 PM

Mark Tibergien with his uber-millennial interviewer, Min Zhang, who got an answer to the question of how long he plans to stick around.

Part of futuristic Pershing Insite 2017 is Mark Tibergien letting RIABiz know that he is intensively grooming his own successors

The Pershing Advisor Solutions CEO came aboard in 2007 but he'll leave a much bigger, younger, more feminine, techier unit -- with more of a BNY Mellon feel to it

June 19, 2017 – 11:12 PM

Phil Fiore: It gave us the kick to make Procyon happen.

Triumphant Phil Fiore set to regain $8.4 billion of AUA that UBS stripped away by firing him in November

Reunited with former partners at newly founded RIA Procyon Partners, and despite a last-minute UBS lawsuit seeking a restraining order, the wirehouse veteran appears to be back in the driver's seat

June 19, 2017 – 2:00 PM

Bill Willis: If you pull out of the market you’re eventually gonna regret it. Recruiting is a momentum thing.

How Wells Fargo is using 'counter-punch' to get unheard-of upper hand in the poaching wars with Morgan, Merrill and UBS

The DOL rule, abject opportunism and a little luck give the non-wirehouse wirehouse a window to reverse decades of getting bludgeoned by big checks

June 15, 2017 – 10:42 PM

Lukas Smart brought DFA fervor to a surprisingly self-critical smart beta conference.

The smart beta ETF industry gets blasted at swank Manhattan summit by an unlikely group of critics

The active-but-passive category soared from $200 billion to $620 billion in the past four years, but Rob Arnott and other big smart-beta names at Convene were not in a gloating mood

June 15, 2017 – 2:44 AM

Nobody's proved anything yet but...

RIABiz to roll out 'Power Players' series -- with irony

Six RIA companies are driving a mini-renaissance after the 2008-'09 crisis exposed the brokerage industry's dearth of creativity, never mind integrity

June 14, 2017 – 9:56 PM

Abby Salameh: Figure out what's really going on. The client can be on the verge of self-destructive move for a number of reasons.

Why an RIA's willingness to get fired by clients is a mandatory mindset -- now especially under the DOL rule

Yet the advisor may still be to blame for their own 'principled' dismissal before making a real effort to get at the underpinnings of a client's thinking

June 13, 2017 – 7:11 PM

Sean Gultig: We’d love to talk to them.

Small RIA custodians eye 400-plus RIAs who may come into play thanks to TD Ameritrade-Scottrade deal -- but with a cultivated calm

Accepting RIA orphans is less automatic than more-the-merrier policy of RIA inclusion that traditionally held sway at TradePMR, Folio Institutional, Trust Company of America, Equity Advisor Solutions and Shareholders Service Group grow, learn and seek profits

June 12, 2017 – 7:36 PM

Decisions made high atop the BoA Corporate Center in Charlotte are reverberating on Wall Street.

Merrill Lynch accepts the slings and arrows of its recruiting pause as it develops compensation plan it knows it can honor

UBS, Wells Fargo, Morgan Stanley and Ameriprise enjoy a bit of a field day as Merrill Lynch works to get right salary-bonus-grid admixture

June 9, 2017 – 8:52 PM

RiaBiz Archives

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo