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RIAs are caught in the middle over data concerns, as the $6-trillion RIA custody giant blindsides the soon-to-be Vanguard-owned AI custodian.
The Westlake, Texas, broker/custodian is 'the gorilla' with 'first crack' at new AI system, and will have the category-killing, API-supreme-equivalent that RIAs will be compelled to adopt -- or else, says Joel Bruckenstein.
The Culver City, Calif., RIA company last week threatened the Big Three of RIA custody; this week its declared war on another Big Three: RightCapital, Envestnet/MoneyGuidePro, and Fidelity/eMoney.
The Altruist CEO and founder saw myriad conflicts in being acquired by a public company -- a problem for a company called 'Altruist' -- but also for someone who wants his AI lead to benefit people, not get turned against them.
Whether this is a miracle merger or a darling dud, insiders say, will be decided by Bogle-era Vanguard DNA, a hard-charging CEO and a West Coast 'bro' by RIA standards.
The two major RIA custodians launched ETF monetization programs and now Vanguard could become a magnet for asset managers and RIAs seeking to avoid that toll.
The Vanguard CEO goes perhaps outside the letter of 'Bogle' law but stays with controlling principle of having a 'Vanguard effect' of what could be a slam-dunk better value.
Rick Wurster told analysts that Forge makes Schwab the private investments 'destination of choice,' but Rachleff retorts as a private equity insider he can attest that top PE firms and hedge funds channel worthy investments to institutions.
The $12-trillion Malvern manager likely needs the Seattle retail giant's help to meet the terms of a lawsuit settlement with Texas and other states, where voting participation rates matter
Vanguard seems to be erring toward new blood, though it was never purely old blood • RIA cash manager floats products to ultrahigh-net-worth • The former LPL top seller now sells wealth acquisition methadone
The iShares product literally sells the 'full taxable US bond market in a single' product -- including TIPS and expanding exposure by 28% beyond the Bloomberg US Aggregate Index as the ultimate hedge.
Known for its 'Bogle' scruples, the Malvern giant zigged to marketing one thing and doing another as the SEC zagged toward heightened 'activity' in curbing that behavior, says Michael Kitces
After 11 years at Nuveen, Bill Stout is Vanguard's alts man of the moment • Betting a 'no-brainer' for Robinhood exec. • Bain Capital protegé is new Envestnet CFO • CRM shop adds AI to keep up with CRM Joneses • SEC prevaricates over controversial Trump ETF • 640 ETFs launched in 2025.
The Boston giant was boosted by markets and an especially big, 17% gain in 'discretionary' accounts, but benefited from a large, $14.1 trillion starting position in administered assets.
The 24 year-old publication about exchange traded funds may need more event revenue to thrive; Vanguard's new CEO brings the authority of having been on Wall Street but has grooved to the Vanguard way
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