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Articles published 3/2018


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Larry Shumbre: Riskalyze doesn't work for any advisor who knows the basics of risk.

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 – 8:39 PM


Cara Reisman: We want to meet as many needs as possible while still being easy to use.

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 – 12:06 AM



Eric Clarke: Brian [Hamburger] is right. If you don't have a culture of compliance, it's going to be difficult.

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 – 11:50 PM


Aaron Schumm: With the technology there's so much to do.

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 – 10:10 PM


John Davis III

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 – 7:08 PM

Bill Van Law: I am looking forward to time with my family before pursuing the next chapter in my life and career.

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 – 11:54 PM

Mike Durbin: I've never seen us more strategically anxious.

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 – 3:19 AM

Bill Van Law

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 – 4:36 PM


Drew Sievers: [FIS support] is not just a huge moat in the banking business, it's a veritable ocean.

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 – 8:13 PM

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