Articles Published September 2009

David Hou: His dad says he worries alot.   Mark Sear: "I was sweating."

(Part 3 of 3-part series) Hou-Sear team makes house calls in five states
Clients embrace idea of new RIA with quick signings

Wednesday 9.30.09
Michael Kavanagh: We now have critical mass

RBC's appearance on custody scene could be a 'game changer'
Canadian bank's combo with JPMorgan unit creates new choice for breakaways

Wednesday 9.30.09
Sean Cook: We said: Are you going to be here?

In major reversal, Merrill turns away RIA assets
Is it post-BoA merger streamlining or a decisive strategic shift?

Tuesday 9.29.09
David Hou and Mark Sear: Our biggest fear was that Merrill Lynch would find out and fire us, Sear says.

(Part 2 of 3-part series) Hou-Sear team can't always beat RIAs so it joins them
Why Hou-Sear turned down $60 million to start Luminous

Monday 9.28.09
Stacey Schreft: Developed algorithm and back testing in attempt to best annuity methods

Big RIA cuts annuity companies out of the deal with new retiree program
Adam Bold creates cash flow system designed to avoid distress sales in bad times

Friday 9.25.09
Matt Brinker: It's a good time to be opportunistic

VC firm bets millions on wealth managers amid market fears
United Capital will use funds to quickly double in size

Friday 9.25.09
Knut Rostad: Both sides have a briefcase full of examples of times where they have been unfairly maligned and misunderstood

The Fiduciary Debate: Getting past the vested interests
Industry experts draw battle lines in defining fiduciary

Friday 9.25.09
David Hou and Mark Sear started together at Goldman Sachs and maintained that 24/7 culture in their partnership

(Part 1 of 3-part series) Merrill Lynch stars take a leap of faith to a new office -- and independence.
Breakaway for $20 million producers begins with cell phone chat from empty office

Thursday 9.24.09
Paul Lally: "If you educate me, please don't leave me at the altar."

Fidelity races to develop M&A program ahead of looming merger boom
Boston custodian seeks to manage a flood of client requests

Wednesday 9.23.09
Andrew Doman: Moving to Seattle is an important milestone in Russell's extraordinary history

Russell Investments to leave Tacoma
Northwestern gem goes to Seattle

Tuesday 9.22.09
An outright ban on non-business use of social media may present its own legal problems.

10 top ways to use social media without courting regulatory trouble
Make social media part of your compliance plan

Tuesday 9.22.09
Jim McCool: Trish Cox and Bernie Clark have authority

McCool clarifies who is in charge of RIAs post-Goldman
Clark and Cox are empowered

Monday 9.21.09
No vestige of the old brand name here

RIP Wachovia Securities brand name
Wells Fargo Advisors leaps to number three spot day one

Saturday 9.19.09
Mark Sear [left in dark blue shirt] and David Hou[right in dark blue shirt] : It took a year to get these smiles

Coming Soon: Multi-Part Series on the Hou-Sear departure from Merrill Lynch
Intensity of breakaway was unprecedented, lawyers and custody execs say

Friday 9.18.09
Bernie Clark: Team liftouts have contagious effect

Top 10 things I learned at Schwab IMPACT about the smoldering breakaway movement
Wirehouses do little to resist leakage of talent

Thursday 9.17.09
Liz Ann Sonders: Surprised at the anger of her critics about her views

Bernanke antes up recession's end and Sonders raises him a solid recovery
Schwab chief strategist sticks to guns in face of gloomy critics

Wednesday 9.16.09
Janelle Sallenave: Clients will gladly pay for extra services

Schwab family office head preps RIAs for landing big fish
Crash course on pricing strategy is a good start

Tuesday 9.15.09
Jim McCool: This isn't about me

Schwab deploys $1 billion annually on behalf of RIAs
McCool offers few specifics and emphasizes silver lining for RIAs

Tuesday 9.15.09
Mohamed El-Erian: We are not at escape velocity from this crisis

BlackRock CEO rates U.S. economy closer to brink than PIMCO CEO
Fink and El-Erian both decline to sound the all-clear

Monday 9.14.09
Schwab IMPACT: Advisors come for its punch

The 10 top things to know on the eve of Schwab IMPACT 2009
A fragmented industry gets under one tent

Saturday 9.12.09
Matt McGinness: Everyone is working harder for less

Industry consultants grow practices by taking on deadline projects
Industry stars like Inveen, Roame, McGinness and Welsh are increasing revenues by shifting gears

Friday 9.11.09
Sean Cook: Fidelity's cuts are a validating symbol of the company's willingness to take alternative investments

One notable Fidelity price cut may enliven conversation, advisors say
Cut of alternative investment custody fees is symbolic to key Schwab advisors

Thursday 9.10.09
Fidelity cuts come two months after Schwab's and go further

Fidelity's Durbin debuts with strategic price cuts
Head of RIA unit wants to eliminate obstacles to winning business

Thursday 9.10.09
Don Peters: Krugman and Meltzer do have at least one thing in common. Both advocate government intervention in the business cycle through fiscal and monetary policy.

Allan Meltzer calls 'Depression' talk 'misleading' but are his views reliable?
Meltzer rival Krugman did better job of predicting current downturn

Wednesday 9.9.09
There are empty seats to fill at fall advisor conferences

Down economy subdues advisor attendance at fall conferences, FPA says
Schwab and IMCA events could avoid drops from last year

Tuesday 9.8.09
Les Abromovitz: Younger advisors may not be in a position to change the firm's culture as it relates to marketing and advertising

High costs, low value explain meager social media use by financial advisors, experts say
New study shows that financial advisors mostly delete Twitter from practices

Friday 9.4.09
Doug Talir: Ameritrade went upscale

Scottrade rakes in small RIAs
Discount retailer turns its sights on advisors

Friday 9.4.09
Barron's editor: Study methodology kept opaque to public for competitive reasons

Barron's offers insight but declines interview about Top 100 study
Dow Jones editor clears up some issues by e-mail

Thursday 9.3.09
Fidelity Investments continues to see high-level executive changes

Perspective on departure of Fidelity's top advisor exec [updated]
Michael Clark set the bar high

Wednesday 9.2.09
Nevin Freeman: Advisors can find quarterly balances for billing purposes

Schwab's big effort yields big improvements
Schwab debuts bubbles and liquid in website overhaul

Tuesday 9.1.09
Say good-by to this website

Schwab technology undergoes metamorphosis
Beta tester still has wish list for Schwab upgrades

Tuesday 9.1.09


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