Articles Published 1/2019


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J.P. Morgan may launch first zero-fee ETF as 2019 marks critical passive- and ETF-investing thresholds

The New York patriarch has an ETF registered with no-fee markings at a time when passive is set to surpass active and a mere $7 billion of revenue across 100 ETFs and iShares getting $2.9 billion of it

January 31, 2019 — 9:55 PM

Wells Fargo finally gives its 600 hiring managers an RIA channel to sell but still with the Trade-PMR brand

The San Francisco bank will have an 'offensive mindset' but fully outsource to the Florida custodian, which in turn hires Wells Fargo's clearing division

January 30, 2019 — 4:19 AM

State Farm is (almost) 'there' as it moves 15,000 SEP accounts to Ascensus, affirming RIABiz report a very MoneyGuidePro-wielding RIA is on the way this year

Assured by client feedback, giant insurer keeps edging into the fiduciary field but its agents will maintain licenses to sell and sell, too

January 29, 2019 — 7:38 PM

Edelman and Carson mark end of era as 'last holdouts' to dump FINRA, but are they jumping from frying pan into fire of SEC scrutiny?

Ron Carson and Ric Edelman ditch FINRA licenses, but both leave door open to commissions and Carson sees a recruitment lure

January 26, 2019 — 8:40 PM

Funded to the teeth by RIAs, Michael Kitces and Alan Moore now have a second big play--modernizing plan payments--and broker-dealers are beating down the door

AdvicePay replaces paper checks and 60-day waits with ACH and credit card transactions for financial plans -- a concept validated by hundreds of their own XYPN advisors signing up

January 25, 2019 — 4:01 AM

Raymond James bids to be the Goldman Sachs of RIA M&A through acquistion Silver Lane -- and it might just work

The St. Petersburg, Fla. investment bank provides the next chapter in Liz Nesvold's 'storybook journey' as Manhattan matchmaker extraordinaire overnight

January 24, 2019 — 8:08 AM

As E*Trade begins the process of handing out its fattest accounts to RIAs, giant firms may ace out smaller competitors by shear dint of size

The New York online broker's accounts sprawl nationally so Mercer and Edelman/Financial Engines's turnkey national footprints yield a haul

January 22, 2019 — 10:26 PM

Robertson Stephens 3.0 gets going--amid scathing skepticism--but new CEO Stuart Katz means for three to be the charm for storied brand's reinvention as wealth manager

One of Silicon Valley's 'Four Horsemen' of Tech IPOs has another Goldman Sachs alum rolling the dice who is ready to say he can reinvent wealth management for the ultra-wealthy

January 18, 2019 — 7:45 PM

Mission accomplished, Jack Bogle dies at 89 and it's still way too soon, but his legacy looms larger than ever

Poetically born in 1929, and tragically afflicted by the Great Depression, the Vanguard founder's message, mission, impact and spirit never got old

January 16, 2019 — 11:33 PM

Peter Mallouk's Creative Planning launches national TV advertising to challenge wirehouses but will it work?

The $36-billion Kansas RIA will make his point with tailors, docs and waiters who have Wall Street attitudes but one expert counsels caution

January 16, 2019 — 4:24 PM

Tiger Global, a Wealthfront owner, also is now backing to the hilt a 401(k) robo, staffed by Wealthfront alums; Synergy anyone?

Guideline has raised $59 million and hopes to cut off the other 401(k) robos by avoiding an AUM model

January 14, 2019 — 4:43 PM

Jud Bergman remakes Envestnet into two units and Bill Crager and Stuart DePina will head them as Anil Arora exits

Anora came three years ago in Yodlee deal and DePina came seven years ago with Tamarac purchase; Crager now oversees all advisors, including RIAs

January 10, 2019 — 11:11 PM

As Independent Financial Partners readies its $41-billion LPL breakaway, a third CEO goes for the jugular

Tension boils between Robert Russo and Bill Hamm, CEOs, respectively, of the Independent Advisor Alliance and Independent Financial Partners, as Hamm prepares to fly solo

January 10, 2019 — 8:13 PM

Plaid, valued at $2.65 billion, makes $200-million snack of Quovo -- albeit defensively -- and creates Yodlee super-foe

The San Francisco-based Mary Meeker darling buys New York City competitor that maintains a wealth management edge as the lines blur between the categories

January 9, 2019 — 10:00 PM

Bob Oros starts his CEO life at HighTower Advisors with a town hall meeting and clear authority

The former Fidelity RIA chief now runs his formerly largest RIA client, from Chicago, and with Elliot Weissbluth as chairman, 'inorganic' asset and 'evangelist'

January 8, 2019 — 3:09 AM

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