Oisín Breen
Articles written by Oisín Breen
Headline
Publish date
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.
June 4, 2025 at 12:02 AM
Strive's plan to buy cheap Bitcoin • Vanguard's path to lift crypto ban • Addepar buys 'AI' shop • Data is key, AdvisorEngine says • Vestwell's chicken coup • Carson's new chatbot 'smarter'
The anti-ESG shop launches more unusual financial engineering • Will Vanguard lift crypto ban? • Addepar AI Leaps • AdvisorEngine just sealed five new deals • Carson and Fava go AI to get smart.
June 3, 2025 at 1:02 AM
Wealthfront renews 'passive' vows -- with a 10% play-money clause -- after it dissolves 'failed' fund and counters Silicon Valley next-door nemesis Robinhood's entry into hyper-active robo-investing
The $36-billion AUM Palo Alto robo-advisor published a Bogle-level passive investing defense, after dissolving much maligned 'Risk Parity' fund, ahead of Vlad Tenev's entry into game.
May 31, 2025 at 1:32 AM
UBS finally throws in towel on using robo-RIA to incubate investors to feed to its human stockbrokers -- with SigFig a casualty and clients in play
SigFig got into business to disrupt Wall Street, then got buoyed by UBS, but now both are part of a long-augured robo shakeout.
May 29, 2025 at 12:49 AM
Focus unwinds another RIA hub and adds, again, to Adam B's internal empire • Top SSGA alts exec resigns after fund kerfuffle • SEC and judge deliver one-two ordering Vanguard to pay investors' legal fees
The New York City rollup doesn't need six hubs • Shewta Narasimhadevara is leaving SSGA after just five months in her current role • Judge blocks what class accepted, telling lawyers there's a better deal on the table
May 24, 2025 at 12:36 AM
Advyzon founder and CEO confirms receiving 'unsolicted' interest from M&A suitors and capital providers, and Charles Schwab Corp has emerged as potential suitor, driven by its RIA side, a source says
Hailin Li issued a detailed response to an RIABiz query acknowledging his company causes merger hearts to flutter, but he stands pat: 'not for sale'
May 17, 2025 at 1:46 AM
Robinhood's new 'robo-advisor' is disrupting 'robo' norms; three early users report some eye opening findings and how it targets young trade-hungry investors
The Menlo Park, Calif. maverick has a history of attunement to what young investors want and that spirit and business model has made the transition to its first 'wealth management' offering -- hazarding sub-index returns and conflicts, analysts say.
