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Articles tagged "Mike Alfred"


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Tim Buckley: We just look at asset classes... and those are the asset classes we steer people towards.'

Tim Buckley hazards Gen X, Y, Z blowback and catches Vanguard investors off-guard with last-second, anti-Fidelity policy to actively 'steer assets' away from Bitcoin

The Vanguard CEO stripped all third-party Bitcoin funds from its market, even though many young investors see them as table stakes portfolio spice.

January 17, 2024 at 4:56 AM

Mike Alfred: 'The market for pure-play data has been slower to develop than we expected.'

Mike and Ryan Alfred -- and their celebrity RIA investors -- sell Digital Assets Data to NYDIG, after market failed to develop for their Bitcoin data mining firm

NYDIG cashed out Marty Bicknell, Ric Edelman, Josh Brown and others who provided $9 million in initial backing for the Alfred's firm.

January 26, 2021 at 3:17 AM

Ryan Alfred: We're very different people than we were in our early twenties starting Brightscope.

Mike Alfred scores headhunt coup by hiring brother, Ryan -- and, oh yeah, he raised $6 million

The co-founder and CEO of Digital Assets Data not only got his ace sibling but co-founder Kurt Fenstermacher, ex-Bridgewater, took over as COO changing the trajectory of the startup

April 30, 2019 at 5:25 PM

Abby Johnson: We expect to continue investing and experimenting, over the long-term.

After five-year stealth project, Fidelity goes big-time into crypto-asset custody with standalone company

CEO Abby Johnson founds Fidelity Digital Asset Services for enterprise-quality custody and trading, with pledge for more 'investing and experimenting'

October 15, 2018 at 6:45 PM

Tom McGirr: If the market goes down 300 points and we get flooded with calls, we can have an in-depth discussion about risk tolerance.

Fidelity's bet on ultra-compliance with the DOL rule pays off big as 401(k) assets jump stunning $280 billion in 2017

The Boston giant also added staggering 1.6 million plan participants but here comes DOL rule's BICE and the need to come extra clean on all those in-house funds

March 16, 2018 at 5:41 PM

Amit Dogra left HighTower to found his own roll-up based largely on direct investments as differentiator.
February 26, 2018 at 8:55 PM

Mike Alfred (l. pictured with with brothers Ryan and Eddie): There's no Schwab or Fidelity. Go beyond CoinBase and it's the frickin' Wild West.

Mike Alfred also exits BrightScope to follow brother Ryan into cryptocurrency sphere

With Mark Casady and Josh Brown as backers, the former BrightScope CEO raised a quick $1.5 million over the weekend, partnered with a third Alfred -- Eddie -- and set about casting light on 1,000 cryptocurrencies for hedge funds

January 24, 2018 at 4:13 AM

Larry Raffone: At the very biggest Fidelity plans, they very much value the things that we offer.

Fidelity Investments (explicitly) enters 401(k) advice game -- then Financial Engines' shares plummet despite its 'Mutual Fund Store' RIA winning Boeing and Ford accounts

The Boston giant now offers non-discretionary advice to non-recordkeeping customers and Financial Engines cuts its prices, bleeding out Wall Street's belief in the firm

December 6, 2017 at 6:16 PM

Mike Alfred: Maybe going through the legal process caused them to make the change.

How Vanguard lost a $19.4-billion 401(k) account to Fidelity and why it's the exception to the rule -- and isn't

Chevron boots the hyper-fiduciary Malvern, Pa.-based indexing giant in favor of Fidelity after two dismissed lawsuits

November 21, 2017 at 12:53 AM

Aaron Schumm: This is the most fun the business has ever been.

As Aaron Schumm's 401(k) startup gets $8 million the FolioDynamix founder loves Vestwell's odd juxtaposition to Fidelity

Vestwell attracts second big FMR seed capital tranche by co-opting advisors to go where the Boston 401(k) king is most challenged -- very small plan sponsors

October 13, 2017 at 5:12 PM

The ex-Betterment unit heads up 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 at 7:58 PM

Randy Bullard: I'm sober but not jaded.

Randy Bullard pitches himself into major role at SigFig to add his Placemark knowledge to a robo hothouse

The serially successful wrap-program pioneer convinced CEO Mike Sha that he was the right guy to demystify the legacy-robo tech divide to employees -- and close deals

April 26, 2017 at 5:41 PM

Jon Stein, flanked by Maureen Thompson of CFA and Betterment associate counsel Seth Rosenbloom, marking the envisaged starting day of the DOL rule.

After putting big chips on DOL fiduciary rule, Betterment hosts funereal event to mark the April 10 Go Day That Wasn't

CEO Jon Stein sat shoulder to shoulder with CFP Board and Consumer Federation of America guests and held court with CNNMoney, Wall Street Journal and Consumer Reports reporters

April 13, 2017 at 6:50 PM

Dashing to catch a plane, Pershing's Lisa Dolly updated me on the company's COO search. ​

The 10 takeaways Chip Roame imparted at his Tiburon CEO Summit in NYC and other items I gleaned by gumshoe reporting

From the Battery Ritz common space, disembodied text and email recipients appear in human form

April 6, 2017 at 5:26 PM

Mike Alfred (with brother Ryan, l.): It's pretty magical to get to build something from scratch and to experience the whole journey with family by your side.

Buyer scoops up BrightScope using Genstar capital

The once-brash Alfred brothers sought out Strategic Insight as the DOL rule comes thundering toward their 401(k) herd

November 1, 2016 at 2:11 PM

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