Articles tagged "Will Trout"
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Jud Bergman defines 'stupid' and post-'stupid' eras at his firm after Raymond James analyst dares to unearth the Yodlee question
The Envestnet CEO's rebuke, embracing the synonym for imbecilic and unintelligent, showed how raw feelings got in 2015 with the firm's purchase of Yodlee for about $600 million
May 29, 2018 at 11:03 PM
Mindful of 'Snapchat' dynamic, BlackRock takes big Acorns stake after the micro-robo wins 2.2 million investors in 12 months
The $6.3-trillion asset manager led the $50-million round to ensure a foothold at LA-based firm with an app that onboards 6,000 investors daily
May 24, 2018 at 3:28 AM
Envestnet quietly deals rivals in on Yodlee play to placate big banks and their latent threat of 'oblivion' in response to 'screen scraping'
The Chicago-based outsourcer orchestrates a Yodlee/Morningstar/Quovo show of force in response to vulnerability to 'throttling' by mega-custodians
May 17, 2018 at 7:24 PM
Why exactly Northwestern Mutual bought a digital darling for $250 million, shut it down, orphaned its customers and declared progress
When the Milwaukee-based mega-insurer relaunches in six months, the one aspect certainly subtracted from the mix will be the cash-draining 8,000 mass market customers
May 9, 2018 at 9:23 PM
In robo-CEO vs. Twitter gadfly battle, it was no contest as Wealthfront's Andy Rachleff does 'ultimate flip-flop' without tweeting a reply
The $10-billion robo-advisor may weather 'PR nightmare' but not thanks to Rachleff's 'Vanguard' explanation, critics say
April 25, 2018 at 12:03 AM
Advizr CEO reveals just how the lift-out of four Morgan Stanley breakaway engineers leapfrogs his plans ahead
Hussain Zaidi sees greenfields opportunities at small IBDs and Fortune 500 firms where planning software alone doesn't make the grade
April 13, 2018 at 7:48 PM
Trizic CEO raises $10M, poaches ex-FolioDynamix COO and luxuriates in 'ocean' of FIS 14,000-bank insider advantage
Drew Sievers vows that firm's five-year plan will make his bank clients massive competitors to Wealthfront and Betterment
March 21, 2018 at 8:13 PM
What exactly to make of PCR 'doubling' assets to $250B in an eye-blink amid Addepar's inescapable presence
CEO Bob Miller pivoted to safer 'aggregation' ground where margins are slimmer but competition may be lighter
March 13, 2018 at 9:12 PM
No sooner does hedge fund take big Wealthfront stake than the robo pivots toward becoming one
Tiger Global brought $75 million of cash in January but the New York hedge fund's baggage of higher fees, hard-to-grasp fees, PhD investing may have been quickly transferred, too
March 7, 2018 at 11:26 PM
LPL Financial pushes toward full-service-on-tap model with its 'virtual' play -- running some real risks in the process
With virtual, digital and OSJ firms making headway, CEO Dan Arnold's move may amend LPL business model or, one recruiter says, be a sop to Wall Street analysts hungering for a new angle
February 20, 2018 at 8:58 PM
NextCapital does $30-million VC round with a staggering objective that's taking shape first with John Hancock
Nearing 100 employees, the Chicago-based robo-advisor blurs 401(k) and retail asset distinctions by making advice factories out of investment product manufacturers
January 16, 2018 at 8:06 PM
Quovo is developing an ACATS rooter process with Apex Clearing as first to sign on
The Silicon Alley startup is using its data science as a way of attacking a clog considered not susceptible to intervention
November 14, 2017 at 11:09 PM
US Bancorp venture uses $2.6-trillion running start in bid to become the supermarket-of-fund-supermarkets -- with analysts seeing threat to Pershing and other clearing giants
Using DOL rule as spur, the Minneapolis bank conjoins with hundreds of small IBDs with tantalizing promise of placing them on the same footing as the biggest self-clearing firms
October 17, 2017 at 10:45 PM
As the 'finance Snapchat,' Stash rakes in another $40 million of VC funding as it onboards at rate of 1,000 new 'HENRY' investors every business day
Less than two years old, the New York-based startup raised $25 million in December and is part of a 'Robo II' movement that continues to crush 'Robo I' in terms of truly connecting with the masses
July 17, 2017 at 7:31 PM
Fidelity-owned VC pumps $10 million into Quovo, which staffs up and prepares for the big leagues
CEO Lowell Putnam plays on 'second-mover advantage' and gets raves from Steve Lockshin, Ron Carson and Marty Bicknell
