Articles published 6/2025
Headline
Publish date
In part to re-create the RIA version of the 'HOV,' Dynasty Financial refreshes plan for power-HQ to woo Wall Street brokers into becoming RIAs
Jun 27, 2025St. Petersburg, Fla mayor scuttled previous project for the St. Petersburg-based RIA but the new one is streamlined to blow away the Manhattan 'home-office visit' -- a full-court press recruitment climactic event not really in the RIA bag
After Chime IPO success, Wealthfront quickly files for its own -- on strength of bank deposit growth -- as its RIA managed assets slip sideways and the bitter taste of its failed UBS deal lingers
Jun 27, 2025If it goes ahead with the IPO, analysts expect Wealthfront will net a valuation in excess of the $2 billion the company used in a Dec. 2024 share buyback program.
Envestnet is offloading Yodlee to private equity buyer back in Silicon Valley, which values its 'trusted data access and intelligent analytics'
Jun 25, 2025Under new CEO and new owner, the Berwyn, Pa,, wealth platform is liquidating the account aggregation unit and maintaining long term license agreements
In a massive overhaul, Vanguard will split its $10.4 trillion in funds between two 'distinct' management teams with separate trading desks potentially trading against each other, analyst says
Jun 25, 2025The index fund leader will separate 'hot button' corporate governance by team, and hopes to reap deeper focus, greater flexibility, and more opportunities for growth.
Aaron Klein is back in the game with a new startup, a Nitrogen wrinkle, 'hall of fame' RIA backers and a plan to build a better meeting for Advisors
Jun 24, 2025The risk-number magnate from Boise raised $5.5 million from Eric Clarke, Brian McLaughlin, Steve Lockshin, Scott Hanson, Ric Edelman, Barnaby Grist, Yoav Zurel and others.
NerdWallet buys small RIA to unlock other half of its vision -- a one-stop-shop for wealth management -- that will challenge traditional RIAs on fees and client referrals
Jun 18, 2025The San Francisco financial product rater and information source will now create its own deliverable -- cut-rate financial advice and money management.
Pershing rolls out new RIA custody fee schedule for firms from zero to $10 billion in assets - a dynamic of competing against zero-fee custodians who take revenues from client accounts
Jun 18, 2025The No. 3 RIA custodian will also continue to realize revenues from muddier non-fee sources but hopes that the new schedule 'clarifies' the murk in its previous pricing schedule.
After merger shock, LPL staff apologized to Ralph Angelo for blindside, which he now gladly accepts as first major recruit under LPL-Commonwealth combo
Jun 13, 2025The founder of $1.5 billion Angelo Planning Group (APG) found out LPL was acquiring Commonwealth the same day he joined Commonwealth -- a switch precipitated by Osaic's merger with American Portfolios
Moody's downgrades Wall Street play to target retail clients as piggy bank to soak up trillions of dollars in illiquid investments
Jun 13, 2025The New York City rating agency warns that the 'rapid deployment' of 'dry powder' into illiquid investments is recipe for systemic disaster.
After hitting $2.7 trillion in RIA assets, Envestnet adds an RIA executive position to expand wallet share with existing wealth clients -- many of them Tamarac users
Jun 11, 2025The Berwyn, Pa., outsourcer long focused on 100,000-plus IBD reps but promises deeper 'commitment' to RIAs whose assets represent near 42%.
Schwab undercuts Vanguard (and BlackRock) again by slashing ETF fees up to 50% -- math that works when keeping RIAs is a priority
Jun 10, 2025The $10 trillion discount broker cut its international ETF fee by 50%, a fee that is now 25% lower than that of the equivalent Vanguard ETF
BlackRock will soon own a $30 billion RIA rollup (through a manager's fund) that has grown 500% since 2020 mostly by M&A, and could now ramp up
Jun 10, 2025The New York City mega manager is buying an alts manager with a fund with a stake in Lido Advisors -- a deal within deal as it edges toward wealth management.
Fisher Investments launches 'fiduciary.com' to 'educate' clients and RIAs, but site smacks of 'naked lead-gen,' says Fiduciary Institute's head
Jun 6, 2025The Plano, Texas, RIA bought the URL, 'fiduciary.com,' in 2024, and shows that if you can disclose it, you can often declare it in a client's best interest.
Fielding Miller calls on Mike Wunderli at 'inflection point' after CAPTRUST zoomed to $1 trillion but needs M&A energy injection to hit $2 trillion
Jun 6, 2025The CAPTRUST CEO's firm dominated the 401(k) RIA rollup game for a decade, and LA dealmaker's hire comes as the market has changed to higher multiples and more determined rivals.
Focus Financial breaks deal drought and kills off 'hub' talk by merging $10-billion West Coast acquisition with $175-billion Boston unit
Jun 4, 2025Focus Wealth Partners is dominating M&A mojo, transition 'vernacular' and decentralization are out the window as Focus starts buying again with a vengeance.
Orphaned RIAs cry foul after Morningstar socks them with stark choice -- pay up with Black Diamond, or scramble to get data to new provider, at big expense
Jun 4, 2025Hundreds of Morningstar Office users are facing 'early' 2026 deactivation but a Cadillac exit awaits if RIAs transfer solely to Black Diamond.
Strive's plan to buy cheap Bitcoin • Vanguard's path to lift crypto ban • Addepar buys 'AI' shop • Data is key, AdvisorEngine says • Vestwell's chicken coup • Carson's new chatbot 'smarter'
Jun 3, 2025The anti-ESG shop launches more unusual financial engineering • Will Vanguard lift crypto ban? • Addepar AI Leaps • AdvisorEngine just sealed five new deals • Carson and Fava go AI to get smart.