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Articles tagged "Dan Inveen"


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Tom Nally: The perception [is] that RIAs are operating in the Wild, Wild West. As a result, we need to take this issue off of the table.

With Veo Village hive buzzing in background, Tom Nally rides herd on RIA 'Wild West' threats at vibrant LINC 2016

The laptop guys in another room won plaudits as the TD RIA custody chief counseled RIAs to embrace more practice audits and communicate more by story, less by Orwell

February 8, 2016 at 7:07 PM

Jon Stein frequently rolls up his sleeves to handle Betterment investor queries as part of his non-robo strategy.

Consumer Reports names Betterment in top five for customer service with USAA, Schwab, Vanguard and T. Rowe Price

The recognition flies in the face of a bias against that says robos can't hold hands with their bony robot fingers

August 14, 2015 at 8:05 PM

Dina DiLorenzo: We are going to have a revenue sharing relationship for a period of time

With 'revenue sharing' as primary consideration, Guggenheim transfers its in-house RIA to HighTower

HighTower gets a substantial bounty of fee-generating assets and clients and Guggenheim avoids having to scale up

July 29, 2015 at 8:20 PM

Rudy Adolf: There is no equivalent proposition to Focus available in Canada.

Roll-ups are off at an acquisition clip in 2015 as $2 billion washes over the transom in a single week

Focus follows Dynasty into Canada as the three big aggregators toggle between organic and inorganic growth

April 17, 2015 at 6:20 PM

Matt Brinker: It wasn't technically a transaction for various reasons.

How United Capital's unconventional rolling up of a $2 billion RIA reveals how close the roll-up model is to extinction

Joe Duran's Newport Beach firm does cryptic non-transactional acquisition as Focus Financial becomes a tuck-in machine and HighTower sells de facto franchises

March 3, 2015 at 6:43 PM

Naureen Hassan's revenue weapons for robo-accounts include one howitzer.

Schwab tells the SEC its robo-advisor has a 30 basis-point fee and big-time cash allocations held by Schwab Bank

The Schwab Intelligent Portfolios ADV says as much as 30% of clients assets are being sent to Schwab Bank

February 18, 2015 at 7:59 PM

Dan Inveen: The pay is probably out of whack with a similar job in another industry.

The giant raise RIA folk got in 2014 and the threat it poses in 2015

The 20% jump means money in the pocket and a rather frightening overhead scenario

January 12, 2015 at 8:38 PM

Doug Wolford: I believe that our full and fast response to this situation will in time become a model for the industry.

Convergent Wealth begins to pick up the pieces after David Zier's death

The $9.4-billion RIA is said to be facing massive challenges in retaining advisors and clients -- rumors discounted by CEO Doug Wolford

November 4, 2014 at 6:02 AM

John Schlifske: The proceeds from the sale will cap off what has proven to be a good investment for Northwestern Mutual.

Russell Investments sells for $2.7 billion and the new owner will flip its $250-billion asset manager -- yet again

The once-proud, family-owned Seattle firm is being sold by Northwestern Mutual and stripped for parts -- its indexes -- with its asset-management business as the throwaway

June 28, 2014 at 12:18 AM

Dwayne Grady and Caroline Girgis: We wouldn't have taken this much off the table if the price of the stock wasn't what it is.

United Capital drops a six-figure check on 10 partner firms in share buyback program financed by SageView

Joe Duran's company is belatedly paying fully vested firms for up to 25% of their stock after the 2008 crash threw off the promised liquidity schedule

March 18, 2014 at 5:27 PM

Dan Arnold: The advisor today spends roughly 35% to 40% of their time on prospecting for acquiring new assets or working with existing clients.

LPL gets the question from Wall Street analyst: How much more can you squeeze from your financial advisors?

The broker-dealer's CFO pointed to a 65% chunk of time not used to prospect or service clients

February 18, 2014 at 9:49 PM

Gary Dorfman: We represented ourselves not as a startup but as part of one of the top institutional management companies.

How Matt Cooper is getting past the 'oh, sure' factor that came from a slow roll-out of ... the other Newport Beach roll-up

Not only are deals picking up at the $900-million Beacon Pointe Wealth Advisors but existing advisors are telling success stories that can be quantified

October 4, 2013 at 6:27 AM

Joe Duran: We really think our next wave of growth will be to open offices around the country with our retail brand.

United Capital's Joe Duran throttles back on deals as he opens an RIA version of Hamburger University

Stephanie Bogan will lead the training center that aims to create corporate 'mini-me's' around the country

November 28, 2012 at 4:44 AM

Bernie Clark: It's highly unlikely you'll see a five-year program. We'll continue to morph.

Schwab is creating an RIA MBA-equivalent to grease the skids of internal succession -- and internships to build an RIA worker-bee talent grab pile

One area of weakness for RIAs is finding the resources, time and expertise to train people, and Schwab is addressing the need

November 15, 2012 at 5:34 AM

Chris Crawshaw: This is a great opportunity for us to show the commitment to Japan, which is extremely important to Japanese residents.

A new office in Japan? It's the latest bold move by a $9-billion RIA in Chicago that was acquired by Piper Jaffray

Low-profile Advisory Research Inc., sold for more than $200 million, has long served high-net-worth clients but it's asset management business is also strong

October 10, 2012 at 3:38 AM

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