News, Vision & Voice for the Advisory Community


Brooke Southall

A native Mainer, Brooke founded RIABiz 13 years ago because he wanted to write for an editor demanding articles get past syrupy quotation, satanic jargon and the Wall Street framing of how financial advice gets sold. He spends his days now in California writing, editing and coaching writers. He lives on a houseboat, works in an office and juggles calls across the five time zones and four countries his small team works. He's out to prove an economic major can make a living as a journalist and that articles need not be a loss leader if they are written well and geared to an intelligent readership.

Articles written by Brooke Southall


Publish date

Kurt MacAlpine: We're very comfortable with our debt levels.

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

Kelsey Lewis: We are serving more advisory firms than ever.

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 left BlackRock in January, the moment his shot at Larry Fink's job faded.

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

Jon Patullo: The value that they place on people and culture is evident.

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

Tony Parkin [left] with David DeVoe: It’s an honor to join a team of people who share my commitment to and passion for the RIA community.

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

Tom Sipp: I talked about the $12.5 billion of AUM flows. That compares to $30 billion for all of last year.

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: I believe with this we are a very attractive solution for other Focus Partner firms.

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

Yoonkee Sull: It's rare to see a new company in the [RIA] custodian space nail the fundamentals.
May 3, 2024 at 1:33 AM

Michael Nathanson: 'Focus will continue to facilitate the accelerated evolution of firms that choose such a path.'

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

Michael Kim: We are absolutely committed to exceeding 10% organic growth rate.

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

Jon Patullo: It was great to build an incredible team, strategy and advisor platform in a short time at Apex.

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

Rob Farmer: I had agency in my blood.

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

Schwab let staff attrition and position eliminations contribute to its notable reduction in staff size.

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

Bill Crager left Envestnet without a permanent CEO on board. .

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.

April 16, 2024 at 7:22 PM

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