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New Moves in the Biz


October 17, 2017 — 7:47 PM UTC by RIABiz

Mercury Financial Group, a Dallas-based advisory firm for financial advisors specializing in wealth management strategies and insurance for high-net-worth clients, has hired Corey Culp-Ramsey as vice president/planning specialist. She is tasked with bringing aboard institutions, wirehouses, RIAs, banks and family offices in the Dallas/Fort Worth area..

Culp-Ramsey, who ...

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Mike Durbin: The number one thing I will do in this job is serve as chief advocate for our clients.

'No BS' Mike Durbin leapfrogs up the Fidelity Investments ladder but can he serve RIAs, eMoney and Abby?

RIAs run out of superlatives for the eight-year exec's ability to 'get it' at both the intrapreneurial and entrepreneurial level as he ascends to president of $2.3-trillion Fidelity Institutional

October 6, 2017 — 8:06 PM UTC by By Lisa Shidler

Brooke's Note: It bears repeating. Fidelity Investments is both a giant mom and pop business and one of the more corporate corporations you'll ever run across -- and that is why it remains on top of the heap with more than $6.2 trillion ...

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The ex-Betterment unit head-ups Charles Schwab & Co's. robo-voltage at a critical phase.

Exploding to near $24 billion* of assets under automation, Schwab creates robo-exec slot and fills it with ex-Betterment unit chief

Cynthia Loh puts fresh face on Schwab Intelligent Portfolios and Schwab Intelligent Advisory as Betterment puts out a help wanted sign

October 3, 2017 — 7:58 PM UTC by Lisa Shidler

Brooke's Note: This article needed careful construction because it touches a handful of high-voltage lines. Cynthia Loh departed the number one VC-backed robo in Betterment, where she led the 401(k) side, to join the number one robo-advisor -- period -- in Schwab. This seems to indicate a ...

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Peter deSilva will be president of retail distribution at TD in October after less than two years at Scottrade.

A look inside the agonizing decision to cut Tom Bradley from TD Ameritrade and what doesn't seem to add up

CEO Tim Hockey accords Peter deSilva a cultural edge as retail chief though Scottrade only hired him in 2016 -- either way there's 'no place' for Bradley after a 30-year run at TD

September 21, 2017 — 6:31 PM UTC by By Lisa Shidler

Brooke's Note: Not once did I hear speculation that Tom Bradley's fate was hanging in the balance. Bradley just seemed to be hitting his stride in bringing his winning RIA ways to TD's branches, which are morphing into more RIA-like entities. Never mind that in ...

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September 13, 2017 — 5:50 PM UTC

As new chief investment officer for Beacon Wealth Consultants Inc., CFA Hillary Sunderland will take over portfolio management duties for its Lightpoint Portfolio and assume leadership of the firm’s Investment Committee. 

Beacon is a "biblically responsible" RIA based in Roanoke, Va. with $82 ...

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Gail Graham's four-plus years at United Capital was more high-charged than projected.

United Capital nabs Min Zhang not long after Gail Graham leaves and Larry Shumbres continues a magical post-Schwab ride

The $19.8-billion national RIA in Newport Beach, Calif. makes the ex-Totum Wealth CEO its digital product manager and Shumbres fills the CEO spot

September 8, 2017 — 9:25 PM UTC by Brooke Southall

Brooke's Note: Here are three very different kinds of notable people at three spots on their career arcs and each in a spot you couldn't have guessed a year ago. All three people, Gail Graham, Min Zhang and Larry Shumbres have the common ...

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September 6, 2017 — 1:41 PM UTC

Lisa Stone became New York-based robo-advisor Ellevest's only hire of 2017, taking Sallie Krawcheck's woman-centered RIA from 13 employees from its inception in 2016 to 31 to date.

As new chief marketing officer, Stone came onboard in August. Stone and two others founded ...

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Ren Riley: There's a transaction happening and we're not dead.

Robertson Stephens seeks revival under new CEO after departures that included the old one

Founder Joe Piazza is still a director and his new chief, Ren Riley, says a pending deal means the San Francisco-based RIA is 'not dead' yet

August 23, 2017 — 7:06 PM UTC by By Lisa Shidler

Brooke's Note: If Goldman Sachs is the Harvard of brands in financial services then the first Robertson Stephens, now 15 years in the grave, had a brand of a college like Pomona, Williams or Amherst. Those small colleges see themselves competing toe-to-toe for the ...

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Gerard O'Reilly gets the co-CEO nod after 'evolving' DFAs investing process.

Months after being assigned a new co-CEO, Eduardo Repetto is out at Dimensional Fund Advisors

Gerard O'Reilly, a quiet superstar at the Austin firm, gets heaps of praise from DFA's chairman for moving its investing process forward

August 16, 2017 — 2:42 AM UTC by Brooke Southall

Brooke's Note: Few firms are better positioned than DFA in the industry due to three factors: It is an indexing pioneer, a factor investing pioneer and a pioneer in forging enduring links with hundreds of RIAs. But the competition is waking up. Competitive pressures can ...

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Michael LaMena: This represents a terrific opportunity for me to join a firm with significant growth goals and an impeccable reputation.

Elliot Weissbluth's second in command walks from HighTower to an ivory tower of 'pari passu' ownership with an 'impeccable' reputation

Michael LaMena trades in a $50-billion-AUA roll-up for $5-billion-AUM roll-up after headhunter lays out case of bright, de-Balkanized Bronfman Rothschild future

August 7, 2017 — 7:24 PM UTC by Brooke Southall

Brooke's Note: If you are a seasoned RIA executive looking for a blue-ocean opportunity then an unseasoned firm with growth pretensions wants you! Whether it's Mercer grabbing Dave Welling, Blucora grabbing Bob Oros, Parthenon pulling Scott Hanson out of semi-retirement, ACG grabbing Greg Fink ...

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Dave Welling: We will choose whatever technology best helps us deliver an outstanding experience to our clients.

Black Diamond loses serial white knight Dave Welling to a $10-billion RIA that uses Orion

The RIA performance reporting software giant in Jacksonville grew like crazy under its leader though two mergers but David Barton made an irresistible offer

August 3, 2017 — 4:43 PM UTC by By Lisa Shidler


Brooke's Note: We took our time with this story. There are so many moving parts to the Mercer poach and Black Diamond's loss resulting from Dave Welling's move. We wanted to do justice to the both the jarring changes and big successes ...

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August 1, 2017 — 6:01 PM UTC by RIABiz

In April, Jay Shah ascended to the CEO seat of Personal Capital Advisors Corp. after serving with the company, in two separate stints, since 2009.

He replaces Bill Harris, who retains the title of chairman. See: Power Player: Bill Harris gets big accounts at a ...

July 10, 2017 — 6:14 PM UTC by RIABiz

George Fischer is HighTower Advisor's new leader of operations and operational service support. The Chicago roll-up announced the hire after absorbing the loss of two of its biggest teams over the Fourth of July weekend. See; HighTower loses two teams comprising 33 people and $3 ...

July 10, 2017 — 5:53 PM UTC by RIABiz

Susan Krakower joined HighTower Advisors in June with a focus on leading initiatives to increase awareness of the HighTower brand among consumer audiences, the Chicago roll-up announced July 6. See: HighTower loses two teams comprising 33 people and $3 billion of assets over July ...

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The head of the unit exits amid advisor chatter that the hyper-channelization of LPL sometimes makes six phone calls necessary when one would do

June 26, 2017 — 9:34 PM UTC by By Lisa Shidler

Brooke's Note: Every once in a while I pick up a phone call that was intended for my partner, Frank Noto, and it takes some presence of mind not to say: You'll have to call our advertising department; you've reached editorial. In the ...

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