Articles written by Brooke Southall
| Headline | Publish date | |
|---|---|---|
As Thomas H. Lee Partners asserts itself, Dave Pottruck steps down as chairman of HighTower's board of directorsThe early investor and ex-Schwab CEO is giving ground to the new ownership | April 20, 2018 — 7:01 PM UTC | |
HighTower Advisors lands $4.5-billion RIA with help from bigger, better checkbookThe Chicago RIA roll-up adds 45-employee Salient with T.H. Lee omnipresent in shepherding the UHNW deal | April 17, 2018 — 3:25 PM UTC | |
Orion buys $10-billion TAMP to take on Envestnet and AssetMark head-on for mega-accountsOmaha, Neb.-based NorthStar division is buying FTJ Fundchoice to launch Orion Enterprise after painful losses in bidding for business with large RIAs and IBDs | April 11, 2018 — 2:03 PM UTC | |
Jeff Maurer poached his RIA from zero to $7.5 billion in nine years but now comes M&AThe ex-US Trust CEO has seen Evercore Wealth growth rates taper since a lightning start; now the hard work is done he sees deals on the horizon | April 10, 2018 — 5:34 PM UTC | |
Returning to Fidelity after eight-year hiatus, Rupal Poltack joins $134B Fido family office division to make it UHNW kid-friendlyThe senior vice president will help newly promoted Andrew Fay make the unit more paperless, more digital and more a more-likely spot for rich earners and their millennial offspring to chat about money | April 3, 2018 — 5:43 PM UTC | |
Betterment reboots its RIA business big-time with new chief, ACATS for ETFs and the ability to fold existing holdings into robo portfoliosCara 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 UTC | |
Bill Van Law's exit from Raymond James was preceded by 'administrative leave' and HR investigation, sources sayThe 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 UTC | |
Mike Durbin says Fidelity Institutional has heightened 'strategic anxiety' softened by its best asset growth everHis $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 UTC | |
How Lori Hardwick's startup -- funded to the gills -- may co-opt the advisor desktop by creating an overarching open architectureThe co-founder's AI Labs is a portal-of-portals software that means to create -- and just may -- a virtual mono-custodian, mono-software platform | March 15, 2018 — 1:53 AM UTC | |
What Aaron Klein's board pick of Lori Hardwick tells about Riskalyze's next big hurdleThe Envestnet fourth partner and ex-COO at Pershing plans to make sure the fast-rising Sacremento-area robo-plus finds and makes the right enterprise deals with broker-dealers | March 6, 2018 — 10:51 PM UTC | |
Orion gets serious about Addepar's threat to its biggest clientsCEO Eric Clarke cobbles together a dozen providers, plus DTCC, into a workable reporting system for alternative investments that cuts labor, improves appearance | March 5, 2018 — 5:44 PM UTC | |
AssetMark records 'off the charts' year and SEI is 'right on track' after staggering $1-billion platform overhaulConcord, Calif.-based TAMP added $10 billion of AUM, 900 advisors after hiring TD Ameritrade's Veo API fintech star | February 23, 2018 — 4:39 PM UTC | |
Determined to out-Joe-Duran Duran's United Capital, Dave Welling moves his $12B roll-up's HQ to DenverAs Mercer's torrid growth accelerates, its new CEO will hyper-unify investments and operations, make deals, pit software vendors against each other and hire like crazy | February 14, 2018 — 6:18 PM UTC | |
HighTower closes $450-million deal that ups advisor stake, inks deal with Elliot WeissbluthThe Chicago-based roll-up sold '50-60%' stake -- for $350 million plus $100 million | February 10, 2018 — 12:40 AM UTC | |
Unknown San Francisco 401(k) robo with famous backers gets $11 million more in VC funding -- and an interesting brandWith Y Combinator start, Human Interest, formerly Captain401, is only in its third year but 10,000 customers convinced Adam Nash, Joe Montana and Sequoia-, Accel-derived VC | February 8, 2018 — 12:10 AM UTC |
