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Articles tagged "Aite Group"


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Rick Wurster has broad authority over Schwab retail, RIA custody, 401(k), international and asset management.

Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge

The Schwab CEO gets 2016 'Windhaven' hire to share burden of governance from enormity of $8-trillion post-TDA, post-USAA, post-Motif growth.

December 20, 2021 at 11:59 PM

Rob Foregger: Moving beyond the target date fund ... that’s the vision ... they're now antiquated.

New class of robos lay siege to 'antiquated' target-date-funds (TDF) market; even defender of the 401(k) citadel, Vanguard, sees handwriting on the wall

Fidelity, Ascensus, and Morningstar are all making 401(k) moves that could see automated advice replace the Vanguard-dominated TDF market but maybe Vanguard just woke up in time to cannibalize the market itself.

October 8, 2019 at 3:02 AM

Yvette Butler signaled from the start there was 'work to do.'

Capital One flunks 'RIA' bid with stunning rapidity but gets an A for 'failing fast'

The McClean, Va.-based credit card company bought advisory firms, put a head-hunted Wells Fargo big shot in charge, hit the $10-billion mark -- then got the hell out

April 18, 2018 at 8:56 PM

Rob Foregger: John Hancock is the first to do it.

NextCapital does $30-million VC round with a staggering objective that's taking shape first with John Hancock

Nearing 100 employees, the Chicago-based robo-advisor blurs 401(k) and retail asset distinctions by making advice factories out of investment product manufacturers

January 16, 2018 at 8:06 PM

Tim Buckley: Our clients should expect change. They should expect significant change.

Vanguard's new CEO Tim Buckley hints the next move for his firm's RIA's 30-basis-point fee may be down, down, down

As the Malvern, Pa. fund giant's VPAS passes the $100-billion mark it doesn't rule out automated advice or greater robo-ization to follow asset management fee play where cost savings get passed along

January 8, 2018 at 10:22 PM

Peter deSilva will be president of retail distribution at TD in October after less than two years at Scottrade.

A look inside the agonizing decision to cut Tom Bradley from TD Ameritrade and what doesn't seem to add up

CEO Tim Hockey accords Peter deSilva a cultural edge as retail chief though Scottrade only hired him in 2016 -- either way there's 'no place' for Bradley after a 30-year run at TD

September 21, 2017 at 6:31 PM

Mike Sha (center): We’re not gonna disrupt a crusty industry. Discretion is the better part of valor for start-up people.

Schwab CTO's speech in NYC spotlights an RIA business addicted to innovation – with no fresh fix in sight

Timothy Heier set the lower-morale tone at In|Vest 2017 of a B2B industry waiting for a Mark Zuckerberg to push it forward again -- perhaps with artificial intelligence as the final frontier

July 20, 2017 at 9:37 PM

Mike Sha: Wells is a big beast. With scale comes challenges.

Wells Fargo's new ADV reveals plenty about its robo's ambitions to max cross-selling and minimize channel conflict

Intuitive Investor is priced on the high side and bars micro-investors, yet is positioning itself as the anti-niche player

April 18, 2017 at 6:24 PM

Yvette Butler: We have a lot of work to do in the near term just to get that story out to them before we yell it from the rooftops.

Capital One brings bigger crowbar to your wallet as it launches national RIA with its signature intensity

The brokerage unit of the giant McLean, Va.-based bank is hiring energetically, and following a model not dissimilar to Wells Fargo

September 26, 2016 at 6:16 PM

Sharon French: Over the course of the next decade there will be a lot of other strategies that we will develop.

Hard numbers that show the zero-sum advantages of RIAs over wirehouse brokers as told by fund flows

The hold by the Merrill Lynch and Morgan Stanley crowd over product manufacturers is fast slipping

July 28, 2016 at 9:00 PM

Kunal Vaed: This is not a me-too solution. We were careful not to start when the others came out.

E*Trade finds now the right time to launch its e-advice robo with an 'active' twist

The New York-based discount broker means to put $1-million minimum-bogey institutional funds in the hands of retail investors

July 8, 2016 at 11:11 PM

Jeff Carney is returning to his US retail roots as Personal Capital board member.

Personal Capital gets $75 million investment and an ex-Schwab retail chief in Jeff Carney

The Bill Harris-founded call-center RIA, which manages $2.4 billion in assets, hits it $500-million bogey for valuation

May 19, 2016 at 11:30 AM

Jon Stein: In January with all of the market volatility, we saw our fastest-growing month ever until this month. March will be our fastest growing month ever.

Betterment raises $100 million a year after a $60-million round, enabling it to step up efforts to win the HNW wallet

The conversation is moving from play money to competing with Fidelity, Merrill Lynch and Schwab as it seeks build out a full-service offering to win plan sponsors, rich individuals and RIAs

March 29, 2016 at 11:57 AM

Gail Graham: We think of ourselves as the ultimate design and delivery firm.

After spending millions and getting cozy with Salesforce, United Capital is morphing, maybe big-time

Gail Graham is bringing the $15 billion 'roll-up' into the third-party white label business -- intending to license its system to RIAs

March 10, 2016 at 9:37 PM

Susan Theder may be that final feminine piece of the puzzle in Lightyear-izing Advisor Group

Valerie Brown re-poaches Cetera's Susan Theder cueing up AIG female trifecta

The Advisor Group executive chairman grabs her old chief marketing officer who had managed the unmanageable 'Cetera' brand and connected with advisors

February 25, 2016 at 8:46 PM

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