Articles tagged "David Canter"
Fidelity's field-of-digital-dreams approach to RIA custody means bulldozing familiar landmarks like 'RIA' corporate enclaves and 'chiefs' -- all part of a post 'scrappy' organic growth plan
Fidelity CEO Abby Johnson clearly trusts and values the long-time RIA overseer Michael Durbin to solve nettlesome projects like eMoney, and her perception of his highest, best use has shifted in Fidelity's inexorable digital push
December 8, 2022 at 10:34 PM
The 48-hour mystery of David Canter's Fidelity departure gets solved when RIA custody client steps forward with claim to his future but the headhunter lost his job to the headhunted
Now we know that Bluespring sprang Canter from the Boston giant and that the rollup's co-founder, Stuart Silverman, was the protagonist in the high stakes hire, and the guy who needs to make room for Canter as day-to-day chief.
July 15, 2022 at 2:05 AM
David Canter is the latest to leave Fidelity Investments amid the ongoing changing of the guard across the company, a 'huge loss,' says RIA CEO
Beloved by mega RIAs for high intelligence and low ego, the RIA custody chief and ex-Schwabie is moving on amid a wider company script of turnover, new job descriptions, ' and wild amounts of hiring
July 13, 2022 at 1:15 AM
Michael Kitces' debate with two top RIA custodians may have vaporized--causing him to pivot to a 'discussion'--but he still made his point--more transparency, now!
The serial 'Nerd's Eye' RIA entrepreneur didn't give an inch against LPL RIA chief, Marc Cohen, who insisted custody is about value, not fees.
March 18, 2022 at 2:00 AM
The 'Great Debate'--pitting Bernie Clark and David Canter against Michael Kitces--collapses after the Schwab and Fidelity custody chiefs have second thoughts
In October, Canter laid down the challenge, Clark sided with him and the Nerd's Eye View publisher and RIA advocate called their bluff.
March 14, 2022 at 2:57 AM
Rival RIA custody chiefs Bernie Clark and David Canter, who oversee a combined $4.5 trillion, may lock arms to debate Michael Kitces on custody fee transparency -- for a very good reason
The head of Schwab Advisors Services and the head of the RIA unit of Fidelity Institutional are caught in an existential debate to preserve their right to play favorites based on economics, observers say.
October 20, 2021 at 10:48 PM
Fidelity sounds alarm over RIA discounting but Mark Tibergien, Eric Clarke and others see it differently
Pershing's Gabe Garcia sees more RIAs raising fees than lowering them but Fidelity's David Canter says he observes real-life discounts that support survey results
December 21, 2017 at 5:05 PM
Framing it as a wildly disruptive 3,300-basis-point fee on de novo revenues, Joe Duran's United Capital digital reboot is apparently raking in RIA assets and revenues
The charismatic CEO's launch of FinLife Partners -- with unabashed Fidelity support -- is in effect selling revenues to advisors but taking a risk on their success
March 28, 2017 at 7:40 PM
Anything but sales-y, David Canter takes RIA helm at Fidelity with ambition to sell like crazy
The Schwab alum and long-time sidekick to Bob Oros and Mike Durbin is a lawyer, consulting expert and is 'over the moon' about his new role
March 6, 2017 at 10:56 PM
Fidelity begins search for new RIA national sales manager as Bob Oros goes millennial, vacating a prized position
The kids pioneered the mindset but now the Oroses of the world grab quality-of-work, make-a-difference opportunities that their experience allows them to command
January 14, 2017 at 1:51 AM
Fidelity warns on the fees RIAs charge as growth of their practices falter yet lower prices aren't the answer
The Boston custodian calls attention to pedestrian 2015 organic net new growth of 6.7% as sign that clients are baffled about what exactly they are paying for
December 20, 2016 at 7:13 PM
With eMoney in its back pocket, Fidelity Investments won't exercise its option to continue Betterment deal as it nears launch of its own robo
The one-year semi-exclusive alliance never caught fire with Fidelity RIAs and the Boston giant will now use eMoney as kindling for a new digital-for-RIA launch
November 19, 2015 at 11:47 PM
An insider reveals turbo-contents of the In|Vest conference in New York, a summit of VCs, robo-founders and big banks
SigFig's Mike Sha talked Bank of the West, Motif's Hardeep called start-ups 'features' and the five-year number jumped to $2 trillion
June 22, 2015 at 4:02 PM
Marty Bicknell and Fidelity enter into the mother of all cross-RIA referral deals
What the Mariner CEO promises the Boston giant is that the 'S' word -- segmentation -- will only apply to advisors, not clients
April 9, 2015 at 7:33 PM
On strength of $1.4 billion of AUM and 90 RIA clients, Betterment raises $60 million of VC funding as it looks to disrupt RIA custody
The New York City-based robo added $1 billion in 11 months and (sources say) has bigtime RIAs contemplating it as a primary platform, CEO Jon Stein says