Articles Published 5/2018


HeadlinePublish date

ex-DFA star Michael Lane takes big job at BlackRock as head of ETFs to RIAs

May 31, 2018 — 4:35 PM

LPL Financial is latest to go the 'risk number' route by signing deal with LifeYield, which signed a Riskalyze deal in February

The Fort Mill, S.C.-based IBD will use the software to help advisors arbitrage between taxable and non-taxable accounts to minimize the bite of the IRS

May 30, 2018 — 8:14 PM

Foresight Wealth poaches new partner from Beehive State rival

May 30, 2018 — 2:22 PM

Jud Bergman defines 'stupid' and post-'stupid' eras at his firm after Raymond James analyst dares to unearth the Yodlee question

The Envestnet CEO's rebuke, embracing the synonym for imbecilic and unintelligent, showed how raw feelings got in 2015 with the firm's purchase of Yodlee for about $600 million

May 29, 2018 — 11:03 PM

Focus Financial files for IPO to raise $100 million, with 'interesting' timing

Private equity bought the New York-based roll-up a year ago and its revenues are growing about 20%

May 24, 2018 — 5:15 PM

Vindication stays sweet for UBS breakaway with hire of portfolio manager with $300M book

May 24, 2018 — 2:26 PM

Ex-Stifel Nicolaus global manager returns to New England as CIO of Boston-to-the-bone trust

May 24, 2018 — 12:59 PM

Mindful of 'Snapchat' dynamic, BlackRock takes big Acorns stake after the micro-robo wins 2.2 million investors in 12 months

The $6.3-trillion asset manager led the $50-million round to ensure a foothold at LA-based firm with an app that onboards 6,000 investors daily

May 24, 2018 — 3:28 AM

BlackRock mines ex-Citigold prez as head of work-in-progress Digital Wealth

May 23, 2018 — 12:27 PM

Vestwell makes hard-charging payroll startup, Namely, its portal to win plan sponsors for RIAs and IBD reps it services

CEO Aaron Schumm is helping advisors get the benefit of feet already wedged in doors thanks to pervasive payroll service apps

May 22, 2018 — 8:13 PM

LPL shares skyrocket near to $72 after signaling to Wall Street a cheaper, better way to lure assets and advisors

The Fort Mill, S.C.-based firm may cut salaries and commissions to recruiters and give advisors more benefits directly

May 22, 2018 — 4:12 PM

UHNW Atlanta family office takes on ex-GenSpring relationship manager in advance of Florida push

May 21, 2018 — 9:56 PM

RIAs and RIA vendors churn talent madly in March and April '18 as 'New Moves in the Biz' captures 35 of them

Serial HR moves by Raymond James, FinMason, American Century and Vestwell helped them expand into new territories, add job descriptions and more varied product lines

May 18, 2018 — 9:23 PM

Envestnet quietly deals rivals in on Yodlee play to placate big banks and their latent threat of 'oblivion' in response to 'screen scraping'

The Chicago-based outsourcer orchestrates a Yodlee/Morningstar/Quovo show of force in response to vulnerability to 'throttling' by mega-custodians

May 17, 2018 — 7:24 PM

As Salentica settles into life as SS&C's fair-haired CRM, downsides of being a sheltered software child are also apparent, critics say

Black Diamond and Advent are still in reach but the firm's appeal to smaller fry in need of low pricing is more limited

May 15, 2018 — 5:26 PM

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