RIABiz

Rick Wurster discloses sweeping Schwab plan to flip up to 31% of its self-directed book of business into its RIA, Schwab Wealth Advisory, calling house retail clients ...

The Schwab CEO told Wall Street today that converting DIY accounts to ones with Schwab advice provides triple the return on ...
RIABiz

LPL gets blasted by upstart co-founder for its Commonwealth staff slash as its CEO Wayne Bloom expresses 'melancholy' over the cuts but stands by sale to LPL -- 'sust…

Savvy's Ritik Malhotra makes overture to legacy CW advisors by citing pink-slipped staff 'who made it feel like Commonwealth' ...
RIABiz

Schwab and Fidelity beat Goldman Sachs to the punch on long/short fund sorcery for RIAs, but the vampire squid is back with its own offer -- a possible one-up

Late' but potentially more exotic, and more profitable, the New York City fledgling custodian will impose limitations on ...
RIABiz

Vanguard hires ex-Barron's, ex-Fido 'thought leader' and CFP for mission impossible -- to better speak to RIAs after years of viewing third parties (and their fees) suspici…

The $12-trillion asset manager stealthily brought Beverly Goodman aboard to cultivate advisors that Jack Bogle was leery of, ...
RIABiz

Russell Investments' sale to CalPERS expands existing ties and paves way for Vanguard-like reputational boost -- not to mention a reprieve from debt albatross, i…

The Seattle money manager says a 'mutual familiarity and a shared understanding' undergird its relationship with the ...
RIABiz

XY Planning Network 'Sapphire' hits $1 billion and gets smacked with fee criticism, but Michael Kitces says the fees 'make sense' with context -- not least that RIAs payi…

Moore RIA network is rolling in advisors where 'lifestyle' is critical and is unlikely to attract many wirehouse breakaways.
RIABiz

Morningstar's sale of ByAllAccounts to Pello won't close -- the latest mishap in the 'aggregation' category as Plaid seeks IPO and CFPB mulls plan to permanently allo…

The Chicago fund tracker reassures RIAs the account aggregation service levels won't drop off -- not least because in-house ...
RIABiz

Fisher Investments is facing a swarm of M&A-minded national RIAs, but it's obsessively self-contained after growing by nearly $300 billion since a 2019 PR mishap, through a ...

Fisher Investments leverages massive media marketing to drive significant asset growth. The firm eschews M&A, relying on traditional advertising and aggressive lead generation. A recent stake sale to ...
RIABiz

Vestmark strikes 'standalone-RIA' black gold as (TAMP) AUM leaps past $50-billion -- a five-fold increase -- after critical upgrade triggers T. Rowe Price, BlackRock, Capital ...

Rob Battista: What has changed over the last two years is the level of demand from standalone RIAs. Key Points Vestmark's AUM surged five-fold to $50 billion, driven by asset manager referrals. Tax ...
RIABiz

Patrick Newcomb

Vestmark strikes 'standalone-RIA' black gold as (TAMP) AUM leaps past $50-billion -- a five-fold increase -- after critical upgrade triggers T. Rowe Price, BlackRock, Capital Group, and VanEck ...
RIABiz

Freedom Dumlao

Vestmark strikes 'standalone-RIA' black gold as (TAMP) AUM leaps past $50-billion -- a five-fold increase -- after critical upgrade triggers T. Rowe Price, BlackRock, Capital Group, and VanEck ...
RIABiz

Rob Battista

Vestmark strikes 'standalone-RIA' black gold as (TAMP) AUM leaps past $50-billion -- a five-fold increase -- after critical upgrade triggers T. Rowe Price, BlackRock, Capital Group, and VanEck ...