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Articles published 1/2018


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Brian Hamburger: We were only privy to their regular weekly updates, other firms received the privilege of additional information in advance of those updates.

SIFMA helps oust Bressler, Amery & Ross PC after alleged duplicity -- but weak pledge by replacement means 'issue' remains

Known DOL-rule naysayer Capital Forensics steps in to keep Broker Protocol list and draws immediate fire for stopping short of promise to avoid conflicts

January 31, 2018 – 7:59 PM

Tim Buckley: With mutual fund fees coming down, the highest fee is the advisory fee itself.

At Inside ETFs, Vanguard CEO skipped over ETFs to get to a hotter topic -- mass delivery of financial advice

In his first public speech, Tim Buckley warned that asset managers no longer have the target on their backs -- but advisors do

January 30, 2018 – 10:13 PM

Roger Hewins: The issue of conflict is real and complicated -- unavoidable, really.

What an RIA should make of Wall Street Journal's expose of how Schwab, Fidelity and TD Ameritrade's advice machines steer client assets

Product of a six-month of investigation, the Jason Zweig and Anne Tergesen-authored article alleges conflicts at the discount brokers are rife -- but RIA reactions to the revelations are textured

January 27, 2018 – 12:43 AM

MIchael Kitces: Do the math.

After PayPal demurs, Michael Kitces and Alan Moore launch online payments firm for RIAs

Advisors and two Missoula, Mont. angels will fund AdvicePay for increased staffing to sell and service software so that advisors can do billable hours without triggering a custody audit

January 25, 2018 – 7:41 PM

Mike Alfred (l. pictured with with brothers Ryan and Eddie): There's no Schwab or Fidelity. Go beyond CoinBase and it's the frickin' Wild West.

Mike Alfred also exits BrightScope to follow brother Ryan into cryptocurrency sphere

With Mark Casady and Josh Brown as backers, the former BrightScope CEO raised a quick $1.5 million over the weekend, partnered with a third Alfred -- Eddie -- and set about casting light on 1,000 cryptocurrencies for hedge funds

January 24, 2018 – 4:13 AM

Ron Carson: I feel like Netflix.

Ron Carson 'arrived' after investing $52 million, grabbing Orion and TD talent and letting his hair down

Pumping out content 'like Netflix' and preparing for an Amazon fee squeeze, the Omaha entrepreneur is set to just keep investing in growth

January 23, 2018 – 7:44 PM

Julie Back: We have been struck by our firms’ similarities.

Greg Friedman buys 'needle-in-a-haystack' Seattle RIA

With a much more feminine look, the CEO of Private Ocean can now assault Amazon.com wealth

January 20, 2018 – 12:11 AM

David Root: It's a Pittsburgh story. It was a once-in-a-lifetime opportunity to try to take full advantage of our position.

How a $500-million Commonwealth rep became a $5-billion-plus RIA in two years and where Dynasty's M&A war on roll-ups comes in

After forming his own RIA, moving assets to Schwab and partnering with Shirl Penney's firm, David Root just kept M&A-rolling into 401(k) clover

January 19, 2018 – 8:19 PM

Larry Fink: We also intend to double the size of the investment stewardship team over the next three years.

Chafing under $4 trillion of passive assets, BlackRock CEO warns Fortune 500 CEOs he may bring other activist means to bear

Already adding 'factors' and Aladdinizing robo-technology, Larry Fink's 1,755-word missive warns his firm will also invest with good of society in mind

January 18, 2018 – 6:51 PM


Robert Roley: If we can make that pain go away, it's a huge value add for them.

How much of SS&C's $5.4-billion buy of DST Systems trickles down to Black Diamond RIAs? Maybe a good bit

The mother lode of DST data is expected to salve RIA data aggregation distress as the mega-vendor of data to Advent Custodial Data comes in-house

January 17, 2018 – 6:54 PM


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