Articles tagged "Scott Smith"
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LPL Financial clips wings of 20 top fund companies by asserting itself as 'gatekeeper' on newly launched DOL-proof 3.5% flat-commission mutual fund superstore
Using Labor Department as leverage, LPL cuts itself in as middleman between branded fund giants -- including Fidelity, Legg Mason and Putnam -- and its advisors' clients -- in exchange for semi-exclusive shelf space positioning
August 4, 2017 at 10:04 PM
DFA RIAs remain in turmoil as Schwab and Fidelity ponder matching TD Ameritrade pricing deal and a key couple of basis points
The Austin, Texas-based asset manager says its door is open for negotiation but the two big custodians in San Francisco and Boston remain mum as RIA CEOs are pressing for clarity
May 2, 2017 at 9:32 PM
Why ProShares yanked ETFs from Schwab's no-commission OneSource ETF exchange
The fund firm puts faith in the drawing power of its own brand -- and saves more than $2 million
April 3, 2017 at 7:04 PM
Rekindling old feud, Michael Kitces blasts Betterment, if civilly, for stealth price hike and other shortcomings
The blogging phenom puts love-hate relationship with the New York robo phenom on display as he calls out Betterment's sustainability and growth-rate problems, but as a customer still sees more to love than hate
February 6, 2017 at 11:48 PM
How Personal Capital got a stunning $1-billion AUM boost in six months -- after gathering its first $2 billion over six years
CEO BIll Harris says part of the secret is hiring human advisors to stoke referrals
September 21, 2016 at 9:12 PM
Vanguard virtual RIA's growth rate plummets from 50% to 32% with a staggering consolation -- another $10 billion in AUM since January
Now at $41 billion, up from $31 billion six months before, Vanguard gorged on easy cannibalization but classic RIAs are also losing assets to the Malvern growth engine
August 2, 2016 at 9:30 PM
Fidelity launches new robo as Schwab's hits $8.2 billion in assets
The Boston giant differentiates itself by its promise to keep cash holdings at less than 1% and in having a published fee -- albeit a floating one
July 27, 2016 at 4:06 AM
With BlackRock ahead and blue ocean behind, LPL finds its robo comfort zone
With the 150 basis-point-plus price of Guided Wealth Portfolios, LPL's robo plan doesn't look so robo, except for the onboarding
April 15, 2016 at 7:59 PM
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
Fidelity's annual $10,000 custody fee will attach to a wider swath of small RIAs
The dinging of the under-$15-million crowd is painful for initiates but a pleasing prospect for competing custodians ready to welcome defectors
September 24, 2013 at 5:02 AM
Is UBS channeling its inner IBD in levying $15 charges on its advisors for redundant mobile devices?
The wirehouse's charges seem on target on paper but are they penny rational and pound foolish?
