Articles tagged "Scott Smith"
Headline
Publish date
Plan sponsor eyes are lighting up as T. Rowe Price launches set-it-but-don't-forget-it target-date funds -- a 'major improvement,' Cerulli analyst says, over myopic retirement date focus
The Baltimore asset manager's new product tracks its index, but factors some investments in or out, based on wider portfolio holdings and risk
October 12, 2024 at 2:01 AM
A San Diego RIA paid SmartAsset $10 million for leads that washed out 96.5% of the time, but still yielded $1 billion of net new assets in just about two years
Slogging through 1,000's leads is one way to 'crack the code,' says an analyst, but closing a lead requires painstaking follow up.
May 21, 2024 at 2:34 AM
Fidelity, Voya and BoA smooth BlackRock's launch of guaranteed-paycheck ETFs but 401(k) plan participants may yet balk at high, unseeable fees and intangibility of benefits
Big recordkeepers greenlit Wall Street asset manager's novel 'Paychecks' product, with BlackRock expressing ambitions to also expand the product to non-retirement accounts
May 11, 2024 at 3:31 AM
LPL Financial bristles about proposed DOL rule, but roaring recruiting, including of 401(k) advisors, bodes well for 2024, according to top LPL executives
The Fort Mill, S.C., broker-dealer -- and recordkeeper -- is making strong pitch to 401(k) advisors with retirement plan expertise and rollover 'tool kit' of services.
February 3, 2024 at 3:07 AM
New Cerulli study shows 'absolutely surprising' finding: Human advisors have drubbed the self-directed investing sector despite radical advances in DIY tools
The Cerulli findings have a caveat for humans -- that just-in-time advice to investors whose assets grow to $500,000 may be too late to win the account
December 1, 2023 at 2:15 AM
With AUM growth stalled since Bain bought $290-million stake in 2021, Carson Wealth is seeking greener 401(k) pastures by choosing Vestwell's 'dirt cheap' fees
The Omaha, Neb., RIA slid below $19 billion by end of 2022 but has a deal with Vestwell to encourage its RIAs to seek 401(k) plans
January 18, 2023 at 3:33 AM
Savvly launches 'parimutuel' death pool where investors hedge their most dire financial threat -- long life -- but annuity providers are not so impressed
The Boulder, Colo., VC-backed startup puts actuarial odds in favor of the living, incents broccoli eating, and the only losers aren't around to complain about it.
December 16, 2022 at 2:15 AM
Envestnet CEO Jud Bergman's FolioDynamix deal suddenly looks prescient as SMA-to-UMA market shift dings revenues, third-party asset managers
In Envestnet's latest Q2 earnings call, Jud Bergman revealed the transition from SMAs to UMAs will hit Envestnet and third-party asset managers who sell their SMA wares through Envestnet's platform. But UMA efficiencies may drive down costs faster than revenues fall, making the FolioDynamix purchase look shrewder than ever.
August 16, 2018 at 5:12 PM
LPL issues urgent warning to RIAs: The SEC wolf blew down its home-office door and is combing through records for evidence of mutual fund share class misuse
Andy Kalbaugh emailed a letter to LPL advisors that file their own ADVs as a sort of fair-warning heads up
July 25, 2018 at 10:37 PM
The old trick of new math Pershing used to make its RIA assets in custody soar from $200 billion to $615 billion in one year
Citing 'evolution,' the other Jersey City, N.J.-based custodian redefined 'RIA' to leapfrog itself over TD Ameritrade and into the rear view of Fidelity
June 12, 2018 at 5:01 PM
Merrill Edge eases Bank of America's transition to a post-wirehouse world
The Charlotte super bank's plan to add 600 branches builds on success but recruiters say lingering tension between Merrill and Merrill Edge advisors is more of a factor than the bank admits
April 3, 2018 at 8:32 PM
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
Vanguard Group gets under RIAs' skin by launching ETFs supposedly aimed at helping them
Joe Duran says debut of up-priced, factor-based ETFs paves the way for fatter Vanguard RIA margins and broader U.S. wealth-management market share
February 22, 2018 at 3:55 AM
Why exactly Fidelity chose 2018 to levy visible .05% 401(k) surcharge on Vanguard funds
After an abrupt business model shift from recordkeeper to advisor, the Boston-based 401(k) king may be a leader in fee 'levelization' that encourages other fund firms to act
February 9, 2018 at 6:10 PM
CAPTRUST is a $220-billion RIA 401(k) roll-up but new $20-billion acquisition may wipe clean target set
The Raleigh, N.C.-based rollup did 26 deals in 10 years and finally the firm's old 'friend-enemy' partner, CapTrust was one of the few needle-movers left to make its last 10% inorganic AUM leap
