Articles written by Lisa Shider
Michael Kitces picks his moment to demand the SEC close two giant faux-RIA loopholes -- the hat-switching 'hybrid' advisor and the wirehouse 'financial advisor'
The XPYN founder wants the SEC to honor its 'Merrill Lynch Rule' promise from 15 years ago, demanding the most fundamental truth in advertising.
October 1, 2021 at 10:33 PM
Dimensional Fund Advisors rocks the mutual fund industry by undertaking mass conversion of its mutual funds to ETFs
The Austin, Tex., manager of $640 billion largely for RIAs went from diehard mutual fund holdout to top-11 ETF provider with the swipe of a pen, and analysts predict copycats will convert trillions of dollars of their own mutual fund assets.
July 9, 2021 at 1:04 AM
How Merrill Lynch 'shot to hell' the RIA fiduciary citadel by casting its $7.5 billion fiduciary 401(k) unit as smaller, purer and more future-minded on paper
Despite FAS having fewer 401(k) assets than, for example, a single North Carolina-based RIA, CAPTRUST, the Charlotte-based Bank of America's brokerage unit has created a new competitive threat
December 16, 2017 at 12:20 AM
Fidelity-owned VC pumps $10 million into Quovo, which staffs up and prepares for the big leagues
CEO Lowell Putnam plays on 'second-mover advantage' and gets raves from Steve Lockshin, Ron Carson and Marty Bicknell
May 30, 2017 at 6:09 PM
City National sells off salvaged remains of Convergent Wealth Advisors, but not before Convergent sheds nearly $7 billion of AUM
After a trifecta of traumas, Mark Hurley steps in to fund and help construct deal with Pathstone and PagnatoKarp; cuts a deal with four younger advisors to start segmented division
September 13, 2016 at 5:26 PM
RIA advocates cry foul after international media pick up on U. of Chicago study labeling shady stock brokers as 'investment advisers'
Investment Adviser Association issues urgent press release; authors offer defense that Brian Hamburger finds hard to swallow
March 4, 2016 at 11:40 PM
As variable annuities face 'existential crisis,' LPL's Casady is latest to warn of end to commission-sold VAs in retirement plans
DOL's imminent final rule is prompting LPL and Commonwealth to consider nixing traditional VAs in qualified retirement plans
March 2, 2016 at 7:05 PM
Why an $850 million BNY Mellon RIA team finally said 'yes' to Raymond James after a 'no' in 2007
LPL may have the lead in the quantity of RIAs it's bringing onboard, but Bill Van Law touts this win as an exemplar of the high-quality firms RJ is attracting
January 9, 2015 at 8:22 PM
Empower wins Apple's $3.5-billion 401(k) account from Schwab
Bob Reynolds delivers quick response to the question of whether a branded company will swallow his new brand
November 14, 2014 at 8:08 PM
The steps Personal Capital is taking to win bigger accounts after a year of 100% growth and 95% of them small fish
This call center advisor is handing out free iPads to its wealthiest clients along with bulk pricing and concierge services that include two human advisors per family