RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Articles published 10/2018


Headline

Publish date


John Clendening: We've got a deep bench here, we got a deep bench in HD Vest, we've got a deep bench in Blucora. It's been something that we've been working on behind the scenes.

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

Joel Bruckenstein: I wonder if TD hasn’t had moments where they feel like they opened Pandora’s Box.  I know that after Veo was created, it wasn’t long before the vendors were clamoring for more, and that hasn’t stopped since.

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

Mike Sha: The CoPilot platform represents the importance of advisors in the financial planning lifecycle.
October 30, 2018 – 2:00 PM

Fergal McGovern: Top executives, almost without exception appreciate the issue, they just don’t understand how to effect it … [but] financial firms tend to be slightly worse than those in other industries at communicating effectively -- they are below the ideal.

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

Michael Carvin (w/Phillip Camilleri of Javelin Ventures): We continue to leverage groundbreaking artificial intelligence technology to fulfill our goal of 300,000 profiles.

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

Joe Monk: Our goal is to help people live life confidently, and an important component of that is helping people grow their savings, then position those savings to last a lifetime.

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

Lon Macdonald: Of course we’re competing with Envestnet … we see an opportunity there. The RIA marketplace hasn’t been well penetrated by anybody, us or Envestnet … [and] I don’t think the level of satisfaction around their service has been what they would want it to be.

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

David Welling: PE hold periods may average 5-7 years, but their funds are often in vehicles that can stretch up to 20 years.

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

Aaron Klein: Our competitors like to downplay our sophistication.

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

Walt Bettinger: This [zero-fee product idea] is one of those things that we’re looking at very carefully,

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

Tim Buckley: Centralizing our risk management functions under a single senior leader will benefit both our clients and Vanguard.
October 19, 2018 – 7:41 PM

Marty Bicknell: We’ve made the conscious decision to exit the asset management business.

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

Barghavi Nuvvula, known as 'chief disrupter' throughout her career, got BNY Mellon to leave her in India and allow her to pursue her PhD in exchange for her brainpower.

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

Tricia Haskins: As they got bigger they used technology more for efficiency and scale [of their practices.] Now it's more about client experience.

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

Michael Burwick: RIAs should be on notice that there is now a zero tolerance policy with regard to even minor or sporadic violations of this type [suspicious activity report and banking secrecy act violations] and the Commission’s hefty fines are an exclamation point on that zero tolerance policy.

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

RiaBiz Archives

2022
August|
July|
June|
May|
April|
March|
February|
January

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo