Brooke Southall
Articles written by Brooke Southall
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Charles Schwab & Co. makes iCapital its exclusive alts partner as Rick Wurster tells Wall Street that in 2024 his firm will roll out alternative investments to high rollers
The $9T brokerage soft-announced that the long-term project is coming to fruition but RIA clients are excluded, for now
May 29, 2024 at 3:43 AM
Corient could become an RIA deal-making machine again and pursue its ever elusive IPO, after CI Financial moves to wipe out its debt -- now if it can only find a deal
The Toronto parent's stock rises on announcement to sell notes on the private placement market, freeing Corient to leverage up and break a 7-month deal drought.
May 22, 2024 at 4:40 AM
AdvicePay finds its 'rockstar' leader after 14-month process where external candidate fizzled; now in-house candidate is ready to sizzle
Kelsey Lewis takes charge in Bozeman as president with CEO-like day-to-day duties that include replacing herself as customer success officer.
May 16, 2024 at 1:56 AM
Salim Ramji, who BlackRock may have shunned for Larry Fink's job in January, is named Vanguard CEO -- now he has to reassure investors he believes in the Vanguard way, even as an ex-Wall Street wolf
The Malvern, Pa., firm is hiring an executive with impeccable credentials and proven ambition as lawyer, McKinsey partner and power executive on Wall Street
May 15, 2024 at 12:48 AM
TradePMR scores Jon Patullo in lightning 'coup' after CEO Robb Baldwin took a phone call and lands a key player for his skyrocketing growth strategy
The new chief product officer at the upmarket-bound RIA custodian -- soon to be based in St. Petersburg, Fla. -- has the vison and knowledge of third-party players, like Orion and Black Diamond, that big incoming RIAs want from TradePMR and its CEO.
May 14, 2024 at 1:10 PM
Another A-list RIA Schwabbie lands on his feet -- this time at DeVoe & Co. -- after TD Ameritrade merger displacement of 2,000-plus
Tony Parkin takes the reins as president of the San Francisco M&A shop and reunites with ex-Schwab boss who left 14 years ago
May 10, 2024 at 1:29 AM
Envestnet shares spike on blowout net-new-asset quarter -- best since 2015 -- in part, because multi-year asset leak is slowing, and Yodlee is 'stabilizing'
The Berwyn, Pa., outsourcer saw its stock price jump 3.55% after hours to $65 after falling to 52wk low of $33.12 last November.
May 8, 2024 at 1:58 AM
Adam Birenbaum's calls 'Colony' deal -- to create $100-billion super-RIA -- a 'mandate,' but it's also likely a 'prelude' to larger strategic objective, M&A expert says
The 46-year-old CEO of Buckingham Wealth's 'long game' approach keeps paying dividends; it comes down to his approach to relationships
May 7, 2024 at 5:04 AM
Division of $80-billion RIA leads a $169 million round and takes a 10% Altruist stake -- the second in a row with big 'RIA' investors, if not yet their custody assets
Iconiq Growth, a division of RIA Iconiq Capital, will also dedicate a key executive to the Altruist board
May 3, 2024 at 1:33 AM
Michael Nathanson's new post as Focus CEO could create an 'apparent conflict' with his duties at Colony Group, which is snapping up billions in Focus RIA assets -- but 'partners' now have one of theirs in the power seat
The CEO of Colony, the $22-billion Boston RIA, is buying $10.4-billion GW & Wade from Focus, making him buyer and seller, as he takes the reins as first permanent Focus CEO since Rudy Adolf.
May 1, 2024 at 3:02 AM
Things just keep getting better for new AssetMark CEO Michael Kim, whose company will now go private so he can 'untangle spaghetti' without public scrutiny
Known for sales accountability, the Fidelity veteran waited in the wings for decades and now GCTR has swooped in with cash, belief and a rewinding of the clock so he can evolve and grow AssetMark
April 27, 2024 at 1:40 AM
Apex eliminates Jon Patullo's position in move that baffles analysts but may clear the way for Mike Kerins to take on the 'Astra' challenge
One of the better-trusted and respected TD Ameritrade RIA executives helped make 'Astra' a legit Veo 2.0 contender, before his position was eliminated -- perhaps related to AdvisorArch acquisition
April 24, 2024 at 1:52 AM
Ex-PR chief of Schwab Advisor Services reappears at StreetCred while Schwab loses a corporate PR head and gains a new one to 'protect the brand' after a rough 2023
Rob Farmer joins Jimmy Moock, Emma Smith, Will Ruben and Jason Lahita at StreetCred; Andrew Wyse, an ex-Pepsi PR honcho, joins Schwab after Joe Carberry departure in January.
April 20, 2024 at 2:54 AM
Charles Schwab Corp. headcount is down 4,000 from its June 30 peak, nearly double the expected 'reductions,' though the company has hundreds of job openings, many with 'wealth' in the titles
The $9-trillion financial firm disclosed an updated total of 32,600 staff, which is a hair above the 2021 first quarter total, but down 9.4% from 12 months ago.
April 18, 2024 at 3:48 AM
Envestnet's shares soar on Reuters report about 'receiving interest' for takeover, the latest in a line of reported attempts
The Berwyn, Pa., firm, dogged by activist investors and minority shareholder, BlackRock, is getting more active.
