Brooke Southall
Articles written by Brooke Southall
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Salim Ramji makes appeal to shareholders of two Vanguard index ETFs to re-classify them as 'non-diversified' -- to keep them diversified, but not 'synthetically'
The Vanguard CEO posted a letter with brokers ahead of a [Tues.] Nov. 4 vote that came about because fund holdings like JP Morgan are too technically concentrated for the SEC -- forcing expensive 'synthetic' holdings to stay in compliance
November 1, 2025 at 1:09 AM
Eric Clarke's startup is taking on a giant unseen RIA problem -- bifurcation of wealth and investments, but will asset managers pick up the tab?
The Orion founder has his old Omaha cohorts, plus Michael Wilson, all-in with Hamachi on solving the onslaught of model portfolios replacing in-house investment management -- and the communication gap it created between outsourcer and end investor.
October 29, 2025 at 2:00 AM
Dynasty makes 24-year ex-Schwabbie its advisor and buys a stake in his startup -- a stock plan services play that connects to $129-billion OpenArc poach
The St. Petersburg RIA platform paid an undisclosed amount for a piece of an AI-powered equity compensation platform and hints strongly about a bigger 'stock plan' play it has already staked its future on
October 28, 2025 at 3:45 AM
EXCLUSIVE: Brian Hamburger pauses 'MarketCounsel Summit' due to 'oversaturated' and 'transactional' RIA events market -- but he has an eye on a new 'RIA' model of in-person get-togethers
In a Q&A, the RIA attorney explains the wild amount of work and creativity he and his firm expend and how the protocol for a 3 pm espresso at one industry event captured what he doesn't like about the new RIA confab era.
October 24, 2025 at 2:49 AM
Rick Wurster again shows he's a different kind of Schwab CEO by owning crypto launch delay -- and making RIAs a prominent topic -- on quarterly Wall Street call
Now 10 months-plus into the top job, Wurster proclaims regulatory all-clear on blockchain assets and talks RIAs in near proportion to their $5 trillion with the Texas brokerage
October 17, 2025 at 10:41 PM
Charles Schwab plans to keep or self-refer all sub-$2-million accounts in 'seismic' shift for many RIAs -- and 'gloves off' for Schwab's wealth management evolution
By raising the minimum 300%, it's cutting total referrals by half and may be a 'killer' for many RIAs that seek to onboard Schwab's mass affluent.
October 14, 2025 at 12:40 AM
Pontera CEO heats up year-long battle over Fidelity ban on credential sharing, with an 'open letter' accusing the No. 1 plan provider of a 'power grab'
Fidelity's answer to an RIABiz request for a response was blunt; the company has never given consent to Pontera, its competitors or the advisors to use their financial technology to access its data.
October 11, 2025 at 4:03 AM
Schwab just announced another stock plan-related deal after helping OpenArc launch $129-billion stock plan RIA, an 'impactful funnel,' Cerulli analyst says
The $11-trillion brokerage will fund and also use Qapita to 'power' stock plan management inside private companies -- complementing its biggest-ever breakaway from Merrill Lynch, which is focused on public company plans
October 9, 2025 at 2:28 AM
With reports of its demise greatly exaggerated, Strive's RIA spins out as 'Thryve' --minus Vivek Ramaswamy and capital from JD Vance and Peter Thiel -- in a 'clean break' with a more apolitical vibe
Now a $270-million of managed assets RIA, Thryve is rebooting its original roll-up strategy, and (mostly) kicking political leanings to the curb.
October 8, 2025 at 6:45 PM
Schwab, Dynasty and Merrill Lynch breakaway team gain 'leverage' in coming arbitration after rebuffing Merrill's TRO attempt -- but Merrill is still calling it a 'raid' and conspiracy that it will prevail on
Defendants Schwab and Dynasty weighed in with sharp, written responses defending their part in aiding the $129-billion OpenArc RIA opening for business; Merrill is calling TRO process a 'first step'
October 1, 2025 at 2:45 AM
Wealthfront files for IPO -- for real this time --and reveals that it is handsomely rewarding CEO David Fortunato and its young CTO
The Palo Alto firm disclosed $47 billion in bank assets and $42 billion in RIA AUM in the filing -- and healthy earnings
September 30, 2025 at 1:21 AM
Merrill Lynch faces 'significant hurdles' to convince judge to restrain its former $129 billion team from pursuing life as Schwab RIA, attorney says
The New York City wirehouse faces a 'high burden of proof,' especially if OpenArc shows it is making a 'legitimate business' move to avoid 'staggering losses' it alleges Merrill caused, attorney adds
September 27, 2025 at 2:05 AM
Charles Schwab and Dynasty pull off record-shattering -- and previously unthinkable -- lift-out of $129-billion AUA Merrill Lynch team, but the thundering herd has furiously stampeded to court to block the move
The Westlake, Texas brokerage and the St. Petersburg, Fla. RIA platform took the wirehouse's crown jewel with bold plan to compete nationally with Fidelity et al for Fortune 500-level 401(k), RSU, stock benefit, and other retirement and equity plans
September 25, 2025 at 2:54 AM
Dynasty Financial makes 'critical' hire as it prepares nationwide quick-strike forces to make its 55 RIA clients tuck-in magnets for a 'not obvious' growth opportunity
The St. Petersburg, Fla., RIA support platform gets Kevin Monaco in Los Angeles as puzzle piece ahead of flooding the time zome with people across discipline spectrum that can close breakaways to join RIAs
