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RIABiz

Articles tagged "RBC"


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Andy Rachleff will try to sell his $25-billion robo-RIA for $1.5 billion, a report says

Wealthfront turns to Frank Quattrone to spur sale after RBC and SPAC deals fall through, say RIABiz sources, but reported $1.5 billion price may be bridge too far

Though buyers are interested in the Palo Alto, Calif. -headquartered robo, they may have balked at the price, which sources say pushes the envelope even in a hot market, but banker Catalyst will further test the market.

November 17, 2021 at 2:29 AM

Brett Thorne: It is always up to the individual advisor working with the client to assess the client’s goals and to help the client get the right investments.

RBC Wealth Management adds NextCapital to its robo lineup with a head-scratching explanation about its earlier pick of FutureAdvisor

It appears Rob Foregger's robo-come-lately has leapfrogged its bigger, better-funded automated portfolio offering -- although the 'why' of it is open to interpretation

November 21, 2016 at 6:51 PM

Steve Braverman, co-CEO of Pathstone, downplayed any perception of Convergent advisors as damaged goods.

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 at 5:26 PM

Joshua Pace: Some advisors have grown so frustrated that they make a change to go to independent custodians. We don't compete on any level with advisors.

How an eclectic trio of RIA custodians are willfully gaining ground with snail-like precision -- Part 2 of 3

Lazarus-like RBC has another new leader, as does Trust Company of America and Shareholders Service Group, which is selling itself as a Pershing reseller of high security, but with more agile service

June 15, 2016 at 8:08 PM

Gregg Robins: Switzerland needs to stop apologizing for some of the missteps that have occurred and to re-focus attention on its significant advantages in order to rebuild its image.

A Swiss RIA advisor reports on a Zurich event aimed at shaping, saving Swiss wealth management in the wake of purging American clients

Complacency is still the rule but a personality-changed Credit Suisse and the rise of Swiss RIAs are signs of Swiss innovation, adaptability and -- gasp -- customer service

July 24, 2015 at 5:38 PM

Howard Present resigned -- but not before the SEC scrutinized his company.

Following serious questions about how it calculated returns, F-Squared hires a new CEO after the old one leaves

On a short Raymond James, RBC and Wells Fargo leash, the biggest ETF manager in the industry with $28 billion loses Howard Present and brings up Laura Dagan from its board of directors

December 4, 2014 at 12:36 AM

Craig Gordon took a number of people by surprise with his move.

RBC's most visible RIA leader, Craig Gordon, departs

RBC gets hit with another loss but the company maintains its still has the foot on the gas pedal for its RIA unit

January 9, 2014 at 7:22 PM

Mary Jo White: Anytime you've got the same conduct regulated differently you need to take a close look and see what you should do.

After starring in New Yorker article, Mary Jo White holds SIFMA event spellbound and 'no-admit, no-deny' is still in play

The muscular prosecutor of security fraud and terrorism cases delivered roses -- and maybe some thorns

November 13, 2013 at 5:03 PM

Alan Markarian: We're the largest commercial bank focusing on this need.

How U.S. Bank appeared on the scene as an RIA custodian and where it might find love

Though the brand seems to scream out Generic Retail Bank, its Cincinnati RIA unit see room to wrest share from bigger, more faceless banks and the smaller brokerages

June 11, 2013 at 6:15 AM

Leonard Palmer allows that not every RBC broker's request to become an RIA under RBC is approved.

What ever became of RBC's RIA custody unit after it showed such promise

Royal Bank of Canada high-ups say RBC Advisor Services still holds importance, but the Cerulli numbers are concerning and some RBC brokers are barred from channel switches

May 16, 2013 at 5:08 PM

Alex Potts: In the end, I hope for one idea, or concept, to arise and challenge my thinking.

What three consumer-investors told CEOs at the Tiburon conference in New York

It's not, not, not the products and the returns that keep them coming back

April 17, 2013 at 6:41 AM

Richard Saperstein: We wanted to keep our assets at one of the safest institutions in America.

Why some RIAs are jumping through hoops to custody assets with JPMorgan

After selling its RIA unit to RBC, its marquee name, sterling reputation and a new platform continues to draw advisors

April 19, 2012 at 3:14 PM

James Poer: That's why we're partnering with Fidelity -- because of what they bring to the table.

Fidelity follows Schwab's lead on hybrid advisors -- and four other items of RIA interest

Both big custodians like NFP as a partner; in other news, Morningstar warms to alternatives, EP makes a hire, JHS gets bigger by 75

March 13, 2012 at 4:09 AM

Bill Van Law: The RIA space is where the growth is. We looked at it and said: "We're not really capturing it"

Raymond James launches a separate RIA unit and appoints a former Merrill Lynch breakaway to head it

Calling the RIA business a 'strategic imperative', Chet Helck is making Bill Van Law the founding president of the RJ investment advisors division

February 13, 2012 at 5:58 PM

RBC hired Sanjeev Rajput from Fidelity to punch up the sales of its young RIA unit

RBC hires another Fidelity alumnus to boost its RIA unit's sales

Sanjeev Rajput has 'hit the ground running'

June 6, 2011 at 2:45 PM

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