Articles published 3/2018
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Publish date
Totum's bid to beat Riskalyze, including its own 1 to 99 risk number, gets reward -- acceptance by Black Diamond and CircleBlack
CEO Larry Shumbres says financial advice industry is in for a shock, as thousands-strong uptick in users shows Totum Risk is the real deal
March 30, 2018 at 8:39 PM
Betterment reboots its RIA business big-time with new chief, ACATS for ETFs and the ability to fold existing holdings into robo portfolios
Cara Reisman absorbs duties of Tom Kimberley -- then gets to work making the New York robo-custodian more like classic RIA custodians
March 29, 2018 at 12:06 AM
After Orion user conference, CEO Eric Clarke greenlights new software layer -- spearheaded by his general counsel
RIAs told horror stories to the Omaha software firm in Phoenix about SEC compliance -- encouraged by presentation by NorthStar's Kylee Beach -- and it fell on receptive ears this time
March 27, 2018 at 11:50 PM
Vestwell jets ahead and adds pilots on the fly to keep startup on course
Founder Aaron Schumm is dealing with the dilemma/windfall of business coming over the transom ahead of projections
March 26, 2018 at 10:10 PM
March 26, 2018 at 8:32 PM
At Alex. Brown, one manager moves up and another out in wake of Van Law's RayJay exit
At Alex. Brown, one manager moves up and another out in wake of Van Law's RayJay exit
March 26, 2018 at 7:08 PM
Bill Van Law's exit from Raymond James was preceded by 'administrative leave' and HR investigation, sources say
The head of the RIA unit succeeded in growing RIA assets to $25 billion but never was accepted as 'RIA native' by RIAs or the industry
March 23, 2018 at 11:54 PM
Mike Durbin says Fidelity Institutional has heightened 'strategic anxiety' softened by its best asset growth ever
His $2.6-trillion unit's 2017 asset growth includes big adds from AssetMark, Sepio, Carson Group and Principal Securities
March 23, 2018 at 3:19 AM
Bill Van Law is suddenly out the door at Raymond James
The decision came after a planeload of St. Petersburg associates and their families -- and some of their pets -- were deployed to the firm's Memphis office
March 22, 2018 at 4:36 PM
March 21, 2018 at 8:48 PM
Trizic CEO raises $10M, poaches ex-FolioDynamix COO and luxuriates in 'ocean' of FIS 14,000-bank insider advantage
Drew Sievers vows that firm's five-year plan will make his bank clients massive competitors to Wealthfront and Betterment
March 21, 2018 at 8:13 PM
Fidelity Investments makes unlikely turnaround as active equity manager but is it taking on too much risk?
With Abby Johnson in charge, Fidelity is swinging for more fences, beating peers, continuing to see asset outflows and thinking long-term
March 20, 2018 at 9:34 PM
Seeking loan of $2 million, PCR discloses $12-million payment due in 2020 -- putting 'sale' on the table, offering memorandum shows
Private Client Resources, founded in 2000 projects it will break even next year but declines to say how it'll pay back mounting pile of loans
March 19, 2018 at 7:03 PM
Fidelity's bet on ultra-compliance with the DOL rule pays off big as 401(k) assets jump stunning $280 billion in 2017
The Boston giant also added staggering 1.6 million plan participants but here comes DOL rule's BICE and the need to come extra clean on all those in-house funds
March 16, 2018 at 5:41 PM
How Lori Hardwick's startup -- funded to the gills -- may co-opt the advisor desktop by creating an overarching open architecture
The co-founder's AI Labs is a portal-of-portals software that means to create -- and just may -- a virtual mono-custodian, mono-software platform
March 15, 2018 at 1:53 AM
What exactly to make of PCR 'doubling' assets to $250B in an eye-blink amid Addepar's inescapable presence
CEO Bob Miller pivoted to safer 'aggregation' ground where margins are slimmer but competition may be lighter
March 13, 2018 at 9:12 PM
After $30-million VC raise, 106 hires and topping $1 trillion of AUA, Vestmark is no longer just that UBS-LPL TAMP engine in the Massachusetts suburbs
Rob Klapprodt is helping reinvent his 'aggressive' firm to compete with the 'Vestmark' brand
March 12, 2018 at 7:53 PM
Recruiters salivate as Greg Fleming completes marriage to Rockefeller & Co. to fill 'HighTower' void but now begins the wait for a business model
The Morgan Stanley ex-head sees 500% assets growth to $100 billion AUA by 2023 as critics see old branding, old money, old technology and old recruiting challenges
March 9, 2018 at 11:03 PM
March 8, 2018 at 9:36 PM
March 8, 2018 at 9:30 PM
No sooner does hedge fund take big Wealthfront stake than the robo pivots toward becoming one
Tiger Global brought $75 million of cash in January but the New York hedge fund's baggage of higher fees, hard-to-grasp fees, PhD investing may have been quickly transferred, too
March 7, 2018 at 11:26 PM
March 7, 2018 at 3:53 PM
What Aaron Klein's board pick of Lori Hardwick tells about Riskalyze's next big hurdle
The Envestnet fourth partner and ex-COO at Pershing plans to make sure the fast-rising Sacremento-area robo-plus finds and makes the right enterprise deals with broker-dealers
March 6, 2018 at 10:51 PM
Fidelity exec joins 401(k) robo he formerly serviced with hyper-micro mindset
Stan Smith becomes CEO of SaveDaily, which has been around since 1999, way under the radar
March 5, 2018 at 10:38 PM
Orion gets serious about Addepar's threat to its biggest clients
CEO Eric Clarke cobbles together a dozen providers, plus DTCC, into a workable reporting system for alternative investments that cuts labor, improves appearance
March 5, 2018 at 5:44 PM
Buckingham becomes KKR-fueled, check-listed M&A 'machine' that now feeds on BAM TAMP clients
The Focus Financial-owned DFA RIA faces hazards of going '100 miles per hour' but Buckingham CEO Adam Birenbaum has no fear
March 2, 2018 at 9:28 PM
How Scottrade's 'pain'-seeking sales tactics and 'cut-and-paste' lawyering allegedly led to breaching a DOL rule
Massachusetts securities cops seized on DOL rule clause still under delay and seeded effects for brokerage business that are pervasive and lasting
