City National sells off salvaged remains of Convergent Wealth Advisors, but not before Convergent sheds nearly $7 billion of AUM
After a trifecta of traumas, Mark Hurley steps in to fund and help construct deal with Pathstone and PagnatoKarp; cuts a deal with four younger advisors to start segmented division
|September 13, 2016 — 5:26 PM UTC|
Barron's: David Zier's death takes another tragic twist
The Convergent executive's death was likely a suicide related to non-Convergent money managed for family and friends by Zier in a 'personal account'
|October 25, 2014 — 9:58 PM UTC|
The RIA business mourns the death of David Zier
The chief executive of Convergent Wealth Advisors was only 44
|October 25, 2014 — 1:52 AM UTC|
Tiburon CEO Summit extrudes big news: Betterment Institutional is born
Steve Lockshin lays out his plans for TAMP-like venture and how Michael Kitces, a public critic of the Betterment CEO, very much fits in
|April 8, 2014 — 9:39 PM UTC|
Why Ron Carson brought Steve Lockshin onto his team and how Betterment fits into their plans
The head of LPL's flagship RIA and Barron's top independent advisor of 2011 are pooling brainpower and embracing the possibility of deploying strategic robo-advice
|January 28, 2014 — 7:03 AM UTC|
Why the industry needs to accept some blame for 'flaws' in PBS Frontline's 'Retirement Gamble'
The PBS report was slanted, simplistic and went in for shock value, say critics, but some in the industry say too-high fees are in fact the root of the problem
|May 15, 2013 — 3:09 AM UTC|
RIAs are merging then making up names like Exencial, Syntal, Aspiriant and Private Ocean but experts question the practice
Creating names solves a multitude of problems but may also create a bigger one in a high touch industry
|May 9, 2012 — 4:36 PM UTC|
After outcry, Betterment 86's (but not on purpose) a blog post inflaming advisors
BrightScope and Josh Brown lead charge against up-and-coming web-based investment management companies for their bad-itude against advisors
|May 4, 2012 — 4:37 AM UTC|
Steve Lockshin and Charles Goldman begin to unveil Advizent, a venture that could put thousands of RIAs under a single cooperative
The Convergent CEO and ex-chief of the Schwab and Fidelity RIA custody units will refer consumers to advisory firms -- but only after doing an intensive 'audit'
|April 5, 2012 — 4:40 PM UTC|
Dynasty Financial wins the account of Lori Van Dusen's new RIA through Focus Financial
The arrangement holds the possibility of a symbiotic advisor-vendor relationship between the wealth management platform and the big aggregator
|October 18, 2011 — 2:15 PM UTC|
Schwab EXPLORE goes deep into the Rockies with big RIAs
Top executives from corporate, Advisor Services and Windhaven mingled with advisors representing 5% of RIA assets in U.S.
|June 27, 2011 — 2:36 PM UTC|