Oisín Breen
Articles written by Oisín Breen
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Vanguard and Fidelity each launch pricier [for them] funds -- extra junky junk bonds and futures -- that wealth managers prefer to farm out
The Malvern giant already has a 'junk' ETF, but more constrained than this one, and Fidelity's new futures ETF looks to a brighter future, after a slow start
July 24, 2025 at 2:15 AM
A tale of two TAMPS: AssetMark and SEI shift their long-time rivalry to a new green field, RIAs, in major strategy shift, as independent broker-dealer market nears zero-sum game
Taken private, AssetMark is investing heavily in added service 'hub' overhead; SEI just spent $527 million to snap-up an RIA roll-up in a deal that could cost it up to $916.5 million, if shareholders exercise put options.
July 23, 2025 at 2:13 AM
Advyzon's latest play to achieve Envestnet-level success is to hire chief success officer from the company
Clark Richards spent 12 years at the $6.5 trillion-AUA company that counts 111,000 advisors as users of software, investmewnts or both
July 18, 2025 at 7:16 PM
Vanguard sued by direct-indexing founders for allegedly cajoling a deal for Just Invest where the payoff came from hitting targets that the fund giant, allegedly, impeded -- actively and passively
The Malvern, Pa., asset manager has yet to answer the claims, but the suit's acrimony could lead to a public relations black eye.
July 17, 2025 at 1:43 AM
RIA executives who defined $5.5 trillion, 12-year growth run in RIA biz represent new resource -- 'on-tap' senior advisory talent
Of 19 noted CEOs who relinquished the top job since Feb. 2023, 16 now serve in advisory positions at dozens of firms.
July 11, 2025 at 12:53 AM
Vivek Ramaswamy's 'pure insanity' plan achieves liftoff -- fueled by mysterious investors and unmysterious sweeteners -- using other people's money and another company's public listing to create a 'Bitcoin treasury'
About 34 investors put up $750 million so Strive Asset Management could buy, buy, and buy more Bitcoin -- even as it phases out the old anti-ESG company persona.
July 10, 2025 at 1:48 AM
The anticipated Robinhood to TradePMR 'bridge' is being erected that makes RIAs -- and their faces -- part of the mobile app
The vision out of Menlo Park is to have its 25 million investors shop RIAs if they need to go beyond self service trading -- making RIAs the only real 'wealth' option.
July 2, 2025 at 1:12 AM
Gordon Ross joins DeVoe & Co. as president six months after abrupt departure of Tony Parkin, who surfaces at Parallel Advisors
CEO David DeVoe praises both execs, while Parallel also adds Gary Bonner as head of business analytics and technology.
July 1, 2025 at 3:14 AM
After Chime IPO success, Wealthfront quickly files for its own -- on strength of bank deposit growth -- as its RIA managed assets slip sideways and the bitter taste of its failed UBS deal lingers
If it goes ahead with the IPO, analysts expect Wealthfront will net a valuation in excess of the $2 billion the company used in a Dec. 2024 share buyback program.
June 27, 2025 at 1:21 AM
In a massive overhaul, Vanguard will split its $10.4 trillion in funds between two 'distinct' management teams with separate trading desks potentially trading against each other, analyst says
The index fund leader will separate 'hot button' corporate governance by team, and hopes to reap deeper focus, greater flexibility, and more opportunities for growth.
June 25, 2025 at 1:10 AM
NerdWallet buys small RIA to unlock other half of its vision -- a one-stop-shop for wealth management -- that will challenge traditional RIAs on fees and client referrals
The San Francisco financial product rater and information source will now create its own deliverable -- cut-rate financial advice and money management.
June 18, 2025 at 11:08 PM
Fisher Investments launches 'fiduciary.com' to 'educate' clients and RIAs, but site smacks of 'naked lead-gen,' says Fiduciary Institute's head
The Plano, Texas, RIA bought the URL, 'fiduciary.com,' in 2024, and shows that if you can disclose it, you can often declare it in a client's best interest.
June 6, 2025 at 10:56 PM
Orphaned RIAs cry foul after Morningstar socks them with stark choice -- pay up with Black Diamond, or scramble to get data to new provider, at big expense
Hundreds of Morningstar Office users are facing 'early' 2026 deactivation but a Cadillac exit awaits if RIAs transfer solely to Black Diamond.
