Articles tagged "Creative Planning"
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Federal judge, who tossed Stephen Greco's sweeping RIA lawsuit, grants leave to refile with more facts and less 'overlong and needlessly complex' arguments
Judge LaShonda Hunt keeps long-running, widely watched case against Creative Planning, Schwab, Fidelity and TD Ameritrade hanging by a thread.
September 28, 2024 at 2:22 AM
Tight with Goldman Sachs and light on debt, Peter Mallouk sets 'no upper limit' on 2025 M&A ambitions and is 'very interested' in buying super-peer RIAs worth billions
The Creative Planning CEO put Goldman's PFIM under contract one year ago, and merger experts say the firm's exceptional buying power -- low debt and high cash flow -- puts any RIA into play for him.
August 24, 2024 at 2:07 AM
Bernie Clark's parting remarks -- webcast and media -- center on Schwab's outsized symbiosis with national W-2 RIAs; he declines to 'name names' of ones he doesn't love but names some he does
The exit-bound Schwab RIA chief, never one to offend, says his company's net new assets depend on the aggregators 2-to-1 over RIA startups, but some are choosing a counterproductive path
June 1, 2024 at 12:48 AM
Peter Mallouk is exploring new RIA custody vendor for his $300-billion firm, despite new Fidelity referral deal; this time around upstart brands are in the running
The founder and CEO of the national RIA in Kansas was tight with TD Ameritrade and says although no 'dominant' No. 3 custodian has emerged he is optimistic that it's imminent.
May 9, 2024 at 1:31 AM
After their wild United Capital deal, Peter Mallouk and Goldman Sachs kept $7-billion-plus of AUM on board with a sweetheart deal for advisors, but the bloom is off their budding custody romance
Advisors got a rock-bottom price on Goldman's top-notch fixed asset management that was too good to consider leaving behind.
February 16, 2024 at 2:40 AM
Goldman Sachs salvages $349-million 'gain' from its United Capital misadventure that may also be a $400-million haircut
The New York City investment bank managed a sale and jailbreak of its in-house mass-affluent RIA but was able to get enough assets transitioned to Peter Mallouk's Creative Planning for the accounting win
January 19, 2024 at 1:45 AM
Peter Mallouk ends up losing the majority of Goldman-United Capital advisors in headline-intensive deal but keeps the lion's share of the managed assets
The Creative Planning CEO's acquisition hemmorhaged 175 advisors but leaked just $9 billion of AUM, softened by snapping up $13 billion AUA Mesirow 401(k) business and retaining $20 billion from United Capital, post deal close.
November 11, 2023 at 1:56 AM
Goldman Sachs-Creative Planning deal is bleeding defectors -- 16 more last week, report says -- auguring a 'potential disaster,' analysts warn
Dozens of former 'United Capital' advisors are fleeing at once, but Peter Mallouk is still battling to keep them, and Goldman Sachs may play legal hardball, sources say.
October 4, 2023 at 2:16 AM
Peter Mallouk told heads at Goldman Sachs' 'United Capital' today on group Zoom that he'll name new president within 14 days -- and whether 'United Capital' brand survives within 20 days
The Creative Planning CEO talked 'next steps' after vast majority of teams sign on that include a companywide summit within 30 days
September 22, 2023 at 2:59 AM
Peter Mallouk has now signed on 30 Goldman Sachs advisory offices, he says, by improvising a fourth option after advisers gave the side-eye to three others
The Creative Planning CEO says he is developing 'United Capital 2.0' on the fly to combat distrust and his Zoom ofensive is netting results
September 12, 2023 at 9:27 PM
California judge is siding with $210-billion Kansas RIA over $16 billion California RIA in poaching case, despite seeming hard evidence and damning admissions -- but new twists are possible
Jill Pivato hopped to Creative Planning, took documents and emailed herself client lists but won a legal Mulligan and no restraining order by offering a plausible explanation -- she 'burned' docs and returned lists to Allworth.
June 16, 2023 at 10:15 PM
Clobbered by 'flood' of opportunity, Peter Mallouk is now the unlikely RIA M&A king, which took root in rich organic growth -- now adding a $5-billion RIA with a 'nightmare' that the deal excludes
His $235-billion Creative Planning RIA closed 15 deals in eight months, grew $135 billion in that time, helped by organic growth higher than ever, too.
August 20, 2022 at 12:48 AM
Stephen Greco's six-year quest to prove Creative Planning, Schwab, Fidelity and TD Ameritrade engaged in a 'conspiracy' against his RIA has even the experts baffled
In his latest move, the Spotlight Asset Group founder files a 'RICO' civil suit in federal court that one defendant calls 'ludicrous.'
June 7, 2022 at 4:27 AM
Creative Planning goes 'transformational,' buying $110 billion in retirement assets and crashing the elite Edelman Financial Engines, CAPTRUST party of business model ambidexterity
Peter Mallouk's acquisition of Lockton and its big-company 401(k) business will double his Overland Park, Kan, staff and solidify its business model's rear flank
November 20, 2021 at 4:07 AM
Peter Mallouk's two-year $50-billion AUM surge at his Kansas RIA exceeded even his expectations, causing him to hit the ceiling--literally--at his shiny office complex
Creative Planning jumped from $50 billion AUM to $100 billion of AUM and the CEO and owner says the firm added 350 people and is nearly out of space at its giant headquarters
