Articles published 8/2017
Headline
Publish date
Why brokers can't exactly relax even after DOL promises, in effect, to drop BICE from its rule, then delays it 18 months
Attorneys caution DOL-weary execs that Department of Labor can't huff, puff and ramrod through a big change, and even a rule delay is fraught for brokers that treat it as a pure reprieve
August 29, 2017 at 9:12 PM
After home raid allegedly turns up wild evidence, the SEC goes after Dawn Bennett for civil fraud
A $20 million Ponzi-like scheme and attempted voodoo are the latest revelations out of the Securities and Exchange Commission
August 28, 2017 at 9:52 PM
Dallas RIA with $550 million jumps to $1.1 billion of AUM by slicing off $550 million of PBIG bacon in form of Merrill Lynch breakaways
With Pershing and Dynasty Financial as anchors, Syntal breaks down Private Banking Investment Group walls at Merrill Lynch on the strength of Texas ties
August 28, 2017 at 6:56 PM
RIABiz turns eight with Moss Adams-style growing pains and -- finally -- accelerating growth
The Mill Valley, Calif.-based publication grows 13% again in the 12 months ended July but pipeline assures higher 2017-'18 rate of increase
August 24, 2017 at 7:48 PM
Robertson Stephens seeks revival under new CEO after departures that included the old one
Founder Joe Piazza is still a director and his new chief, Ren Riley, says a pending deal means the San Francisco-based RIA is 'not dead' yet
August 23, 2017 at 7:06 PM
Never mind seared corneas. Will the first total American Eclipse since 1991 trigger a major equities market correction?
LPL stat-gazer says signs point to 'no' -- since the turn of the last century total solar eclipses as viewed from the US have presaged double-digit equity gains
August 22, 2017 at 5:59 PM
Power Player: Joe Duran powers beyond old 'roll-up' labels even as his United Capital roll-up shifts into a higher gear
In America few second acts surpass the first but the United Capital CEO is on at least his third act -- and he's a native African
August 21, 2017 at 10:48 PM
LPL Financial's tack to roll-up mode -- complete with trash-talking its sweet terms -- may send its rep count sailing past Morgan and Merrill
CEO Dan Arnold's pivot away from seller's market in reps to buyer's market in scooping up rivals on the cheap is an experiment that could work
August 18, 2017 at 6:41 PM
Chip Roame crosses Bay to proclaim bright future for classic RIAs -- and says a certain wirehouse will go fee-only to become the largest RIA -- at Laser App event
CEO Dan Arnold's pivot away from seller's market in reps to buyer's market in scooping up rivals on the cheap is an experiment that could work
August 17, 2017 at 6:36 PM
Months after being assigned a new co-CEO, Eduardo Repetto is out at Dimensional Fund Advisors
Gerard O'Reilly, a quiet superstar at the Austin firm, gets heaps of praise from DFA's chairman for moving its investing process forward
August 16, 2017 at 2:42 AM
To the surprise of some, Dept. of Labor grants get-out-of-DOL-rule-jail card to 225,000 firms that dabble in the 401(k) business
Without recent guidance, 401(k) specialists were set to devour one-off accounts held by brokers but new DOL rule guidance offers well-lit path to build toward a far larger 401(k) practice
August 15, 2017 at 12:54 AM
How Power Player Jon Stein's braggadocio about how Betterment is the next Amazon may be a blind distracting from stealth IPO moves and surgical deployment of a flesh-and-blood workforce
Stein, 38, tightened reins at his NYC robo-advisor this year when the COO departed, stuffing more cash into a war chest and adding CFP-wielding humans to the mix at every turn
August 11, 2017 at 4:13 PM
Silicon Valley $300-million RIA strikes back at $30-trillion BNY Mellon with act of counter-intimidation
Lyell Wealth's response in the Atherton Lane case discloses dirty laundry list of allegations including blatant cross-selling, bullying ex-Atherton advisors out the door and retaliation against clients considering following them
August 10, 2017 at 4:23 PM
LPL investment chief to advisors: Buy the dip! What'll it look like? Good question.
Keep an eye out for a pullback triggered by a central bank goof-up, a Trump super-SNAFU or a geopolitical kaboom
August 8, 2017 at 9:56 PM
Elliot Weissbluth's second in command walks from HighTower to an ivory tower of 'pari passu' ownership with an 'impeccable' reputation
Michael LaMena trades in a $50-billion-AUA roll-up for $5-billion-AUM roll-up after headhunter lays out case of bright, de-Balkanized Bronfman Rothschild future
August 7, 2017 at 7:24 PM
LPL Financial clips wings of 20 top fund companies by asserting itself as 'gatekeeper' on newly launched DOL-proof 3.5% flat-commission mutual fund superstore
Using Labor Department as leverage, LPL cuts itself in as middleman between branded fund giants -- including Fidelity, Legg Mason and Putnam -- and its advisors' clients -- in exchange for semi-exclusive shelf space positioning
August 4, 2017 at 10:04 PM
Black Diamond loses serial white knight Dave Welling to a $10-billion RIA that uses Orion
The RIA performance reporting software giant in Jacksonville grew like crazy under its leader though two mergers but David Barton made an irresistible offer
August 3, 2017 at 4:43 PM
The art of the leveraged deal: Borrowing against the patience of a Chinese buyer, 41,000 FAs and the White House ethics office, Scaramucci scores 10 days of fame and runway to do more deals
Hedging his bets, 'the Mooch' took out Priebus and stayed 'on track' to sell his SkyBridge stake to the Chinese at an above-market valuation
