Oisin Breen
Articles written by Oisin Breen
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Plan sponsor eyes are lighting up as T. Rowe Price launches set-it-but-don't-forget-it target-date funds -- a 'major improvement,' Cerulli analyst says, over myopic retirement date focus
The Baltimore asset manager's new product tracks its index, but factors some investments in or out, based on wider portfolio holdings and risk
October 12, 2024 at 2:01 AM
RIAs keep Goldman Sachs' hopes alive its RIA custody unit will find legs as $55-billion New Edge signs on and Goldman fills vacated No. 2 custody spot
Predictions are aging badly that Goldman Sachs Advisor Solutions might get nixed as big-pipeline RIAs dial it in, and Jeremy Eisenstein comes off the executive bench to be Adam Siegler's right hand.
October 11, 2024 at 1:17 AM
SEC actions expose underbelly of RIA industry awards, but they are often lucrative for those who hand them out and unlikely to stop being abused by those who get them
The Washington regulator nailed RIAs with misuse of award mentions, using the new Marketing Rule as cudgel after declaring false advertising a 2024 priority
October 9, 2024 at 3:07 AM
Federal judge, who tossed Stephen Greco's sweeping RIA lawsuit, grants leave to refile with more facts and less 'overlong and needlessly complex' arguments
Judge LaShonda Hunt keeps long-running, widely watched case against Creative Planning, Schwab, Fidelity and TD Ameritrade hanging by a thread.
September 28, 2024 at 2:22 AM
The folksy Kitces 'fintech map' ballooned by 265% to 485 brands over six years, a sensation sowing seeds of its own destruction, making Kitces chart two new 'maps' -- including an app
The Kitces map is wildly popular but increasingly Nascar-ized, which may not discourage further RIA software brand atomization, but has bundlers scrambling to react.
September 27, 2024 at 12:41 AM
Betterment changes its RIA custody brand to 'Advisor Solutions' -- a sign that digital innocence and niche marketing are now passé -- but its RIA clients are applauding
RIAs prefer if CEO Sarah Levy goes fuller service even if it means introducing a few analog necessities anti-thetical to startup dreams
September 21, 2024 at 1:38 AM
Dani Fava era of buying à la carte tech for Carson Group takes shape with 'modular'-minded YCharts deal -- but Orion is still the mainstay
YCharts -- a 'Bloomberg-terminal-lite' for RIAs -- signals its less-known risk software gave it a leg up to become part of refreshed Carson strategy to be more 'flexible and innovative.'
September 19, 2024 at 3:22 AM
eMoney and Flourish collaborate to gather assets by addressing client inertia with a new tool to sweep stranded, held-away deposits into higher yielding Flourish accounts
The Fidelity-owned software vendor's aim is to aggregate held away assets but will stay well clear of moving sweep cash or identifying choices.
September 18, 2024 at 3:58 AM
Two years after infamous reversal, Vanguard votes 'yes' on zero of 400 ESG proposals but it also shot down anti-ESG proposals
After cutting ties with Net Zero alliance, the Malvern, Pa. giant netted zero pro-ESG votes but it also won grudging appreciation from ESG advocates for voting against 40 anti-ESG proposals
September 7, 2024 at 3:55 AM
Salim Ramji will match, then 'exceed,' Vanguard rivals' technology with Amazon help -- a move Fidelity has already made -- and he's an outright 'Boglehead,' he says in new interview
The new Vanguard CEO acknowledges the company 'could have started earlier' than three years ago, and his domain architect, Joseph Wagner, Jr., says starting fresh is helping purge 'weird errors.'
September 6, 2024 at 1:46 AM
Marty Bicknell buys a second M&A shop 10 years after the first • Advisor360 repeopling includes new people officer, and seven other major hires • By women, for women corporate RIA nets 10th partner
Mariner CEO is again reversing the predatory script • Some 53% of Advisor360's 15-strong senior management joined the firm in the last 12 months • LGBTQIA+-friendly corporate RIA grows AUM to $283 million, after three new partners join.
September 5, 2024 at 3:31 AM
Fidelity is 'planning over the horizon' as its eMoney unit packages API accesses for sale to RIAs to private label their own planning 'experience'
The Boston giant jumpstarts a monumental opportunity to a post-application system, say analysts, even if it might hurt sales of the 'whole enchilada' eMoney product short-term.
August 31, 2024 at 2:53 AM
Tight with Goldman Sachs and light on debt, Peter Mallouk sets 'no upper limit' on 2025 M&A ambitions and is 'very interested' in buying super-peer RIAs worth billions
The Creative Planning CEO put Goldman's PFIM under contract one year ago, and merger experts say the firm's exceptional buying power -- low debt and high cash flow -- puts any RIA into play for him.
August 24, 2024 at 2:07 AM
Barron's annual 'robo-advisor' tally rose to $1.1 trillion but with one huge caveat that draws harsh crticism from industry experts
First published by the Dow Jones weekly in 2018 with about $200 billion, the robo-advisor assets in the rankings soared 400% by 2024, swelled by a fungible definition that capture giant human RIAs.
August 22, 2024 at 5:04 AM
With Bain deal [all but] locked down, Envestnet writes off last $96 million of Yodlee 'goodwill,' and the dwindling unit's fate now awaits 'board' verdict
Envestnet has now written off 48.6% of the $590 million it spent buying Yodlee in 2015, after unit failed to meet expectations as standalone data purveyor or internal 'wellness' engine.
