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Shannon Reid: 'Raymond James has a special culture.'

Raymond James promotes yet another woman to a powerful position -- this time an alum of Duke, Columbia by way of Goldman Sachs -- to head the very LPL-intensive Northeast corridor

Jodi Perry puts Shannon Reid in charge of the wealth-intensive Maryland-to-Maine corridor

December 3, 2018 — 8:28 PM UTC by Brooke Southall

Brooke's Note: We keep our eyes fixed on RIAs, until we don't. In this case a very Florida firm is renewing its push into very Yankee territory using a highly experienced and educated woman as its lead. Not quite man (or woman) bites ...

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Oriana DeRose: We are ready to build a national sales presence and develop deeper relationships with our rapidly expanding client base.

RIA in a Box gunning for top-notch staff as it readies for Aquiline-fueled roll-up binge, targeting old-school, mom-and-pop compliance competitors

With Ascensus also in its portfolio, Aquiline is showing a penchant for taking dull, fragmented, unloved wealth-management niche businesses and rolling them up into sexier firms

November 29, 2018 — 11:54 PM UTC by Oisin Breen

Brooke's Note: The obvious ways to do roll-ups in the RIA business have mostly been tried. Now more interesting ones are popping up. Facet Wealth's bid to buy books of uneconomical accounts from RIAs is one recent one. Ascensus's bid to buy ...

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Josh Vail: To grow on top of that takes a little bit more elbow grease.

361 Capital has eight-year asset rise from $100 million to $1.7 billion then makes two people moves after net inflows slow to trickle

The liquid alts provider is a beneficiary of referrals from Lovell Minnick, which owns a stake, but will need to apply 'elbow grease' to marketing to keep pace with redemptions and the law of large numbers

November 27, 2018 — 6:10 PM UTC by James Picerno

Brooke's Note: Talent shuffles are always interesting...so many moving parts, fixed costs and tender feelings. It gets especially interesting against backdrop of a firm buoyed by one trend -- liquid alts -- and bashed down by others. 361 Capital lately has been battling against the latter and ...

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Karl Heckenberg: Emigrant had an opportunity to either be a buyer or a seller here, and we chose to be a buyer despite the fact that we’re in the tenth year of a bull market.

Emigrant Bank 'doubles down' to send Mark Hurley packing and fire up Fiduciary Network, its RIA deal machine

The billionaire-owned New York bank eschewed the quick buck of a top-of-market sale to bet Karl Heckenberg can make Fiduciary Network function even better as its new CEO

November 22, 2018 — 12:07 AM UTC by Brooke Southall

Brooke's Note: Mark Hurley had a hell of a run, first building up Undiscovered Managers and  then selling it. Now he's built up Fiduciary Network and done the same. Still, it must be a bitter pill to swallow. The highly cautious entrepreneur tends ...

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Edmond Walters: This is not just an application that finds content on other websites and then links clients out to those news sites, many with paywalls and all with advertising. Anyone can do that.

Edmond Walters jumps aboard RIA software fast-riser, rolls up sleeves and takes new tack on perceived Vestorly void

eMoney founder joins AdvisorStream as director, a misnomer insofar as the 55 year-old is deeper involved than the show-up-for-croissants quarterly title suggests

November 21, 2018 — 7:21 PM UTC by Oisin Breen

Brooke's Note: Follow the money, yes. Follow the people, yes. Follow the people who made a pile of money by solving problems for advisors the most. Edmond Walters, founder of eMoney, is one of those people who has a knack for seeing past what should ...

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Ralph Pahlmeyer: The shift in strategy that I'm heading up, and the reason why I'm now CEO of the company, is that I'm now focused on licensing our technology versus selling our market automation platform.

With Justin Wisz gone, Vestorly's new CEO jibes to algorithm licensing tack, wins Hootsuite and knocks old model, saying market is saturated by competitors

Ralph Pahlmeyer will play to his firm's sifting strengths, seek enterprise deals and think more like a software executive

November 21, 2018 — 7:09 AM UTC by Oisin Breen

Brooke's Note: What we missed in writing our first article about Vestorly co-founder Justin Wisz's exit gets more than made up for here. New CEO Ralph Pahlmeyer lays out how the change in leadership coincides with taking Vestorly in a new direction, both in terms of product and customer prototype ...

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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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