Articles Published 10/2018


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John Clendening tells analyst who asks about Bob Oros's H.D. Vest departure: 'You can read into that whatever you want to.'

Blucora's CEO was evasive but, for sure, his firm's shares plunged near 40% in the past month after its IBD revenues ticked up only 6%; Oros may never have moved to Texas from Boston CEO

October 31, 2018 — 11:21 PM UTC

T3 takes Vegas again in the year of 'delivery,' but it's not all about software arriving at the RIA doorstep through chief delivery men and women

Joel Bruckenstein keeps rolling with the ceaseless demand for RIA software events that he leads where a 'platform mafia' is beginning to dominate

October 31, 2018 — 6:27 PM UTC

SigFig gets back into the robo-advice game with first true advisor product, rolled out by Citizens Bank to help advisors avoid retail and deep-institutional abyss

After shifting more to automating banks, the San Francisco-based firm launches Co-pilot

October 30, 2018 — 2:00 PM UTC

Financial Advisors need to take a lesson from Humpty Dumpty; Too many fail to master the meaning of words and how to use them, costing clients, revenues, study says

RIAs and asset managers are losing out on sales, because they've forgotten how to shoot straight, according to a report published by the Dublin content analytics software firm VisibleThread; and as analysts weigh in, it's clear the problem extends throughout the financial industry.

October 30, 2018 — 5:56 AM UTC

Using robo-writing help, SmartAsset is now 50,000 advisor profiles into its 300,000-profile bid to own the advisor Google search market

With a 15-person 'editorial' staff, a smart machine and Focus Financial cash to pay for it all, the NYC-based startup rushes toward its objective

October 26, 2018 — 8:36 PM UTC

Guess who's moving into the RIA neighborhood? State Farm asks thousands of insurance brokers to get financial planning credentials, sources say

The giant Bloomington, Ill. insurer signs on RBC, MoneyGuidePro, BlackRock and Vanguard and as many as 13,000 of its agents may get a Series 65 by 2020

October 25, 2018 — 8:50 PM UTC

Vestmark calls out Envestnet as it makes 'easy-button' purchase of a $3.3-billion RIA asset magnet with hopes for a spot alongside the Chicago giant -- and Orion and SS&C

The $1-trillion SMA clearinghouse gets an outsourcer to the notoriously in-house RIA market in Adhesion encouraging a new swagger against market leaders

October 23, 2018 — 9:02 PM UTC

Mark Tibergien and Dan Seivert Listen Up! Dave Welling explains why rising private equity involvement in the RIA business is flat-out great

Though not all liquidity comes with good or smart intentions, it beats the alternative: 'Stalled investment stalls growth, stalls innovation in the client experience and caps opportunities for the second generation'

October 22, 2018 — 11:32 PM UTC

Aaron Klein sells against fear and risk in San Antonio -- and hits back at competitors

The Riskalyze CEO has three businesses, an expanding list of copycats, 600 close friends and a rah-rah message: Fearlessness

October 22, 2018 — 10:40 PM UTC

Schwab studies zero-fee mutual funds in wake of Fidelity's zero-fee mutual fund launch, but Schwab CEO Walt Bettinger still wonders 'what's the point?'

CEO Walt Bettinger says a 'really different strategy' may be the outcome of Schwab's efforts in the 'coming months'

October 19, 2018 — 10:44 PM UTC

Channeling its inner BlackRock as bull market teeters, Vanguard Group gets constructively paranoid by creating chief risk officer role with big power including vast new software applications

With Aladdin overtones, the Malvern, Pa. asset-manager puts Joseph Brennan in charge with big stress testing on the agenda

October 19, 2018 — 7:41 PM UTC

Marty Bicknell takes a machete to Montage, Mariner Holdings and FirstPoint and carves out a $25-billion RIA and near $1 billion of capital

The Mariner Wealth CEO made a massive contrarian bet in 2009 on asset managers, cashed out fully this fall -- and knows just where he's headed

October 18, 2018 — 10:44 PM UTC

BNY Mellon goes on a wild poaching bender as it sets sights on playing a very 2019 game of digital catch-up

Building on Bridget Engle's appointment last year, the New York superbank completes three-hire talent binge, with a money-no-object eye to boosting wealth management

October 18, 2018 — 7:28 PM UTC

Fidelity Investments launches its API-forward 'open architecture digital store' as big RIAs demand help fine-tuning client service -- with Schwab likely on deck

The Boston giant's push is more about RIA self-help than the third-party integrations TD Ameritrade makes hay with but now Schwab Advisor Services may be pushed to respond.

October 17, 2018 — 3:24 AM UTC

As SEC's 'zero tolerance' era for RIAs commences post-DOL, a regulatory law firm makes anticipatory hires

Wagner Law Group jacks up overhead with three hires for what could be a bogeyman or a very major shift in the tide toward a more FINRA-like time of rule enforcement

October 16, 2018 — 8:16 PM UTC

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