Articles published 4/2026
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T. Rowe nabs coveted JP Morgan partnership, not long after signing one with Goldman Sachs -- both trace to its 2024 hire of model portfolios executive Josh Horesh from BlackRock
Apr 28, 2026The Baltimore firm got 55ip only after it invested big in delivering its funds as 'models' the mega-brands can turn around and resell to RIAs -- and expect fiduciary care at both product and portfolio levels.
Advyzon stages 'coup' by bagging $676-billion Citi Wealth account as part of the Andy Sieg tech revamp -- and making it look easy
Apr 25, 2026The Chicago performance reporting software maker and TAMP -- known mostly for winning small RIAs -- hauled in the Wall Street legendary shop's 90-plus offices
Vanguard could 'flip narrative' as key poach of Ally Bank exec positions it to meet 'overwhelming demand' for debit card, and finally stop acting like stodgy ETF company
Apr 24, 2026The Malvern, Pa., company wants to get digital, but quasi-analog debit card 'start(s) to change the math,' says analyst, and catapults its image into the 21st century.
Michael Kitces raises alarm over CFP Board hidden changes that trickle down to CFPs as higher fees, causing Kitces.com's bill to soar 2,000% -- it's literally unsustainable, he says
Apr 22, 2026The RIA guru, entrepreneur and advocate questions the Board's demands for extra hours of CE credits, while entering the CE credit business creates a conflict of interest.
As dominoes fall after Invesco's conversion of QQQ ETF, BlackRock and State Street are filing to finally compete with their own Nasdaq-tracking ETFs
Apr 21, 2026Nasdaq Inc. has apparently rechecked its 'math' and decided more licensees are better even though profit margins could get clobbered.
OpenAI makes second move toward RIA business with catch-and-kill of financial planning website, Hiro; artificial intelligence is powerful, and Sam Altman is the wildcard
Apr 18, 2026The San Francisco AI company could be 'formidable' in financial advice, but Altman's own reputation could prove a stumbling block, even as his firm devours its second finance start-up.
Rick Wurster attempts full rebuttal of Wall Street fear that AI is disrupting Schwab, but investors react, again, by dumping shares as they did on Hazel AI launch in February
Apr 17, 2026The Schwab CEO wove together a lengthy and compelling case that Schwab -- helped by Wealth.com and agentic pilot program -- is an AI beneficiary, not AI roadkill
Cerity plumped its AUA by $1.2 trillion with its Verus Investments purchase, then a Chicago pension fund suddenly pulled incoming $13.8 billion in assets for a reason that should chill RIA rollups
Apr 16, 2026The Chicago pension's overseers rejected the all-but-done deal after Cerity's level of private equity ownership caused it to recoil
Marty Bicknell quickly flips $31-billion Advisor Network after getting 'first bite at the apple' to recruit W-2 RIAs before selling it -- to plow proceeds into Mariner Independent
Apr 15, 2026The CEO of Mariner bought the then-$26-billion OSJ in 2022, absorbed some its better advisors with buyouts, then likely sold it for a gain, recruiter says
Schwab Advisor Services' $5 block-trading fee survives stir at Barron's RIA confab after being reframed as taming advisor excess and stays on course for June launch
Apr 14, 2026A flash of 'hot' anger and an alleged ultimatum by at least one Schwab advisory mega-client did not foment wider rebellion among RIAs whose clients would most likely feel the fee pinch.
Morningstar moves on from ByAllAccounts -- sending it to a startup incubator -- 12 years after former CEO Joe Mansueto invited doubts by paying a premium for it after market already appeared commoditized
Apr 11, 2026The Chicago firm is the latest to conclude that 'account aggregation' is a brutal business; Yodlee, Mint and Pontera have also experienced frustration.
Goldman Sachs advisor with giant 'book' exits after Wall Street clients literally 'demand' breakaway to RIA -- but Ben Seidenstein's Farther plan could disrupt all of private banking
Apr 10, 2026The 37 year-old Miami advisor, with $1.5 billion administered, plans to get ahead of technology 'iceberg' that could doom existing 'Titanic(s)' - and bring a world of private bankers to his tech mecca
RIA channel's high speed adoption of AI is delivering yet another blow to slow-footed wirehouse channel, though a Morgan Stanley executive makes an interesting case for his firm
Apr 8, 2026Wirehouses have epic shot to exploit scale advantage, say critics, but bureaucracy, legacy tech and a slow embrace of what's new may doom rare re-do chance
Sellers are dumping RIA rollups in 2026 after 20 years of mostly a land-grab M&A movement, but it could also be shifting into higher gear, with Carlyle joining Bain, KKR and other giants
Apr 6, 2026MAI got new owner and Allworth and AlTi are on deck as nervous owners harvest gains, but RIA M&A is still considered a rare area for private equity; buyers want in more than sellers want out.
DOL proposes 'safe harbors' for fiduciaries sailing into 'alts' in 401(k) plans, but Morningstar says it may not be safe to drop anchor just yet
Apr 4, 2026Morningstar does a deep dive on fee transparency issues and finds some murky waters that may torpedo fiduciary confidence.
State Street signals it's ready to 'disrupt' RIA custody five years after abrupt exit, madly hiring Altruist veterans to build Apex powered, 'digitally native' Al platform, but no official word yet
Apr 3, 2026State Street sold its $200-billion niche unit in 2021 to FNZ but may have had seller's remorse; now, it appears ready to offer a high-end, multi-currency custodial superpower at a time when RIAs may need that edge.
T. Rowe Price follows sale of $1 billion stake to Goldman Sachs, with key hire, to help 'co-create' and sell co-managed portfolios
Apr 1, 2026Bill Cashel's job will be to sell alts to RIAs and brokers including from Goldman Sachs Asset Management and in-house private credit unit Oak Hill