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Justin Wisz built Vestorly to drip market curated third-party articles to investors on behalf of advisors. Now he's gone and the company rolls on.

Co-founder Justin Wisz is out at Vestorly, and neither party is commenting; but some jarring Glassdoor reviews of the ex-CEO raise eyebrows

The Ken Fisher disciple went six years at the NYC-based start-up before his co-founder Ralph Pahlmeyer took his place

November 6, 2018 — 1:38 AM UTC by Oisin Breen

Brooke's Note: We journalists recoil at the very word 'content.' It tends to denote some sort of very manufactured piece of writing created for a marketing purpose or -- at best -- a real journalistic article used for a marketing purpose. So yes, we are leery ...

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The fate of Neal Simon's US Senate bid at the polls tomorrow will reverberate at the the $6B RIA he took leave from to run.

With his CEO hell-bent for election, Bronfman Rothschild president Michael LaMena reunites Fortigent's terrible two with a key poach

Neal Simon is running for U.S. Senate as an independent, an unusual risk; he also took precautions to make sure his $6.1B RIA roll-up finds its feet regardless of the mood of the Maryland electorate

November 5, 2018 — 8:06 PM UTC by Oisin Breen

Brooke's Note: Sometimes a key employee at a small firm gets roped into jury duty and it's tough whether it's a few days or a few weeks. But what happens when the CEO takes civic duty to a whole new level and ...

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Matthew O'Connor: Our aim is simple: to offer investors mutual funds and other investment products that deliver superior results with low fees.

Capital Group miraculously recovered after deep 2008 dive but RIA help may get No. 2 American Funds through the next downturn under new CEO

Matthew O’Connor takes the CEO helm of the giant LA-based active manager from Kevin Clifford with conviction not to jam the rudder hard but to be open to new markets

November 2, 2018 — 9:26 PM UTC by James Picerno

Brooke's Note: On the surface, Capital Group sure looks like a candidate to be the next great victim of the innovator's dilemma. It has a giant active funds franchise, American Funds, distributed largely to another threatened species -- IBD reps. Despite a rising tide lifting ...

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John Clendening: We've got a deep bench here, we got a deep bench in HD Vest, we've got a deep bench in Blucora. It's been something that we've been working on behind the scenes.

John Clendening tells analyst who asks about Bob Oros's H.D. Vest departure: 'You can read into that whatever you want to.'

Blucora's CEO was evasive but, for sure, his firm's shares plunged near 40% in the past month after its IBD revenues ticked up only 6%; Oros may never have moved to Texas from Boston CEO

October 31, 2018 — 11:21 PM UTC by Brooke Southall

Brooke's Note: Since pushing this article to publication as a quick-news item, I have had a chance to circle back round to sources to understand better John Clendening's seemingly contradictory message. It seemed to say the departure of Bob Oros was all about personal ...

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Tim Buckley: Centralizing our risk management functions under a single senior leader will benefit both our clients and Vanguard.

Channeling its inner BlackRock as bull market teeters, Vanguard Group gets constructively paranoid by creating chief risk officer role with big power including vast new software applications

With Aladdin overtones, the Malvern, Pa. asset-manager puts Joseph Brennan in charge with big stress testing on the agenda

October 19, 2018 — 7:41 PM UTC by Oisin Breen

Brooke's Note: Vanguard Group is probably the last firm you'd think of as needing risk management. Leverage, overhead, risky investments, illiquid investments or consolidated positions pretty much don't exist. Then again, Vanguard is taking plenty of risks to avoid becoming stale with ...

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Barghavi Nuvvula, known as 'chief disrupter' throughout her career, got BNY Mellon to leave her in India and allow her to pursue her PhD in exchange for her brainpower.

BNY Mellon goes on a wild poaching bender as it sets sights on playing a very 2019 game of digital catch-up

Building on Bridget Engle's appointment last year, the New York superbank completes three-hire talent binge, with a money-no-object eye to boosting wealth management

October 18, 2018 — 7:28 PM UTC by Oisin Breen

Brooke"s Note: Never underestimate BNY Mellon. Not only is it big. It has belief. Over the years, when I have suggested to people there that the firm's software and systems are locked in a time warp, I earn a strong rebuke. This string ...

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Michael Burwick: RIAs should be on notice that there is now a zero tolerance policy with regard to even minor or sporadic violations of this type [suspicious activity report and banking secrecy act violations] and the Commission’s hefty fines are an exclamation point on that zero tolerance policy.

As SEC's 'zero tolerance' era for RIAs commences post-DOL, a regulatory law firm makes anticipatory hires

Wagner Law Group jacks up overhead with three hires for what could be a bogeyman or a very major shift in the tide toward a more FINRA-like time of rule enforcement

October 16, 2018 — 8:16 PM UTC by Oisin Breen

Brooke's Note: It is hard to grow, prosper and innovate in a world where rule cops watch your every move. RIAs have lived through a golden era of infrequent and humane audits and the RIA business as a whole grew, prospered and innovated. Now ...

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Andres Garcia-Amaya: Too many advisors don’t know what they’re doing ... they say the nice words and have the nice suit and the nice office, most people are sold, the bar is so low. Two weeks of the Series 65 and a gym teacher is a financial advisor.

Andres Garcia-Amaya taps two industry vets to guide Zoe Financial through the RIA referral market's rocky shoals, which have sunk more than one firm

Backed by a $2 million VC injection from JP Morgan and ex-BlackRock execs, the NYC startup appoints wirehouse veteran Robert Deutsch and Acorns' investment guru Chris Jones to board

October 9, 2018 — 8:55 PM UTC by Oisin Breen

Brooke's Note: One of the reason's that Barron's continues to be the arbiter of "Top" advisors is because implicit in its dubious bigger-is-better methodology is the question: Have you got a better way of measuring advisors? Nobody really does. But here come ...

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Jason Crane: We pride ourselves on our ability to attract high-end talent when the need arises.

Amid its reports it'll get flipped, Ascensus makes exec hire number seven in six months

Bloomberg writes that the Dresher, Pa.-based recordkeeper roll-up seeks a buyer; no matter, Ascensus continues to hire, bringing aboard Todd Engman as its latest regional vice president for 401(k) sales in the Northern Regions.

October 9, 2018 — 7:22 PM UTC by Oisin Breen

Brooke's Note: If you are owned by private equity investors, you are pretty much for sale. And forget about the old seven- or eight-year cycle. In a hot market like financial advice, tweak, revalue and run is a good strategy. So Ascensus is reportedly ...

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Marie Chandoha: When it comes to actual products, we have too many out there. Simplicity is the new innovation ... We only have 22 ETFs, yet we're the fifth-largest provider in the industry.

After Marie Chandoha turns around Schwab's smarting mutual fund unit, she steps aside to make way for Jonathan de St. Paer who faces a new kind of momentous challenge

The CEO of Charles Schwab Investment Management got poached from BlackRock after the YieldPlus debacle but now an ex-McKinsey-ite will take on the more strategic race-to-zero challenge of the next decade

October 5, 2018 — 10:21 PM UTC by Oisin Breen

Brooke's Note: Unless you are Vanguard, BlackRock or DFA, the last eight years were pretty rough in the asset management realm. Passive ETFs chewed up active mutual funds. So did factor mutual funds to a lesser degree. That Charles Schwab doubled assets in its ...

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Jeff Concepcion: I think we’ll surpass the $20 billion target ahead of plan, without including acquisitions. By accelerating our involvement in the acquisition space, I believe we’ll move past that target even more quickly.

His days of playing defense done, Jeff Concepcion pinches pennies then poaches a Fidelity and Schwab veteran to execute grab for next $6 billion of AUA at Stratos

Lou Camacho will pursue goal of $600 million a quarter in new assets on behalf of OSJ that wants much more inorganic growth

October 5, 2018 — 7:40 PM UTC by Oisin Breen

After growth stalled to a mere $1.5 billion annually for the past half decade, Stratos Wealth Network has hired ex-Fidelity exec Lou Camacho, handed him a bag of cash and told him to start buying, to triple the firm's AUM to $20 billion ...

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Ron Carson: We realized the answer had been in our own back yard all along.

Ron Carson ends national search for chief marketing officer by doing a local M&A deal using his favorite HR broker -- Eric Clarke

When Eric Clarke decided he'd play matchmaker, the hyperactive Carson Group CEO snapped up Mineral Interactive and made a creative deal

October 5, 2018 — 6:05 PM UTC by Oisin Breen

Brooke's Note: Dorothy dreamed of a different life when a cyclone swept her to Oz, but learned all you really need can be found right in your own backyard. They live that lesson in Omaha, too. Ron Carson took a few trips to Boston, New York and Oz, but ...

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Scott Posner only spent a year at IBM but 17 years at BNY Mellon.

LPL Financial hires new 'digital' head of recruiting -- IBM exec Scott Posner -- after the old school approach was leaking oil

Pre-IBM, Scott Posner spent 17 years at BNY Mellon where he rose to executive vice president leading the company’s strategic Initiatives group, reporting to the President

September 26, 2018 — 5:25 PM UTC by Lisa Shidler

Brooke's Note: Is there a means of digitally finessing your way to higher recruiting sales? LPL Financial will find out as the old sales crew gets sent packing and a more digital crowd is brought in. In a release, LPL defines the jargon of a ...

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Kayla Kennelly: [I] became infatuated with the [Facet] mission. When the opportunity came to take part in it, at a time in my personal life where it made sense, I decided to go for it.

Facet Wealth appoints Mark Tibergien's 'reverse mentor,' Kayla Kennelly, to woo cast-off RIA clients, a boon to a mass affluent strategy that's failed more than once

Kayla Kennelly will play a key role for Anders Jones' startup, which got $33 million of VC money two weeks ago to accelerate its plan to roll-up small, unwanted RIA accounts

September 25, 2018 — 10:31 PM UTC by Oisin Breen

Brooke's Note: Sometimes we have to wait six months or a year or five years to write an update about a company. Our People Moves section often accelerates that schedule these days, with this story a case of that. This article about Kayla Kennelly's ...

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Mike Cagnina: [Muench] understands the industry and the driving forces behind the growing trend of plan sponsors’ shift toward a discretionary investment management model.

SEI goes hard after 401(k) plan sponsors by poaching a star from Northern Trust and bundling him up, but he'll be swimming against market trends

The Oaks, Pa.-based TAMP poached Scott Muench from the $10.7 trillion asset-manager and custodian, ending a nationwide search -- and Muench's 19-year streak at the Chicago-based giant

September 21, 2018 — 11:27 PM UTC by Oisin Breen

Brooke's Note: In the great convergence of institutional and retail,  SEI has long had a solid foothold in both camps, amid the muddle of plan sponsors buying investment counsel in a post-DOL era. See: AssetMark records 'off the charts' year and SEI is ...

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