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Articles published 12/2014


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Phil Chiricotti: Most people think I am much younger, but those 18-hour workdays have definitely taken their toll.

Phil Chiricotti hangs up his spurs, and puts the CFDD out to pasture

The godfather of the 401(k) business says the glory days of conferences are winding down -- and tells why he chose not to sell the conference

December 30, 2014 at 3:58 PM

Andrew Parish: I am personally disappointed that Reuters chose to print information about my family and personal life.

After hard-hitting Reuters article about AdvisorHUB, the online publication responds, like a sphinx

The gossip and news start-up takes issue with tone, taste and who called whom but also oozes gratitude

December 29, 2014 at 4:36 PM

April Rudin: One year during our Chanukah party my son began a conversation with our non-Jewish guests about how Santa did not exist...

A Midwestern Jewish girl's guide to an NYC Christmas season

She grew up in Detroit where Christmas came to her but her boys' experience was different, maybe not better, in New York

December 24, 2014 at 4:13 PM

Shirl Penney: The teams we're bringing out next year that we signed this year are really interesting and very large.

Dynasty Financial hits $22 billion of AUA after adding rare-bird Deutsche team

The $6-billion jump in 2014 for the Manhattan-based outsourcer comes four years out of the Shirl Penney garage

December 23, 2014 at 6:43 PM

The deer don't mind the un-white Christmas of Maine.

Frozen toes in Maine make a welcome change from California's rains

Remmie the labradoodle and a new angel atop the tannenbaum mark their first Christmas at the Southall 'up nawth' homestead

December 23, 2014 at 2:39 AM

Stuart DePina: It's not an inexpensive proposition.

Harold Evensky drops Schwab PortfolioCenter for more expensive Tamarac

The principal of Evensky & Katz / Foldes liked that he got more technology without losing Schwab at the core

December 22, 2014 at 4:38 PM

Adam Nash: We thought we were launching a product, but it turned out we were launching a category.

Wealthfront's high-net-worth cat leaps out of the bag -- keeping it one robo 'pivot' ahead of Schwab

The Palo Alto firm with $1.7 billion of managed assets reveals that its little secret is big accounts

December 19, 2014 at 7:33 PM

Margaret Towle's dalliance with non-national brands is over.

After leaving Northern Trust and later joining HighTower, Margaret Towle departs, cools her heels and lands at Merrill Lynch

The unusual instance may validate Wall Street's insistence that some advisors belong in their camp

December 18, 2014 at 8:23 PM

Kenton Shirk: Five years ago when they talked to a wirehouse advisor they'd mention independence and it would warrant a chuckle.

Cerulli's new numbers buttress the RIAs-supplant-brokers theorem with 40% market share jump seen by 2018

Wirehouses will lose 5% of their towering market share in the next four years, the report says, but not all experts agree

December 18, 2014 at 8:23 PM

Fresh, ripe but just the same. Differentiation is the advisor's big challenge.

Why advisors fail to close prospects -- according to advisors

Trust, transparency and excluding traits remain problems but standing out in the crowd is hardest of all: Differentiation

December 17, 2014 at 4:18 PM

April Rudin: I couldn't help but wonder about the promotional logic that led an online firm to consider using such an offline idea as outdoor advertising.

April Rudin taxis in to Betterment HQ to see how the robo-advisor will fare

Jon Stein's astounding goal is $1 trillion of assets and our marketing expert went in search of a marketing plan, or notion commensurate with the challenge

December 15, 2014 at 11:21 PM

Peter Giza: My take is that changing a significant portion of a firm's technology platform without changing operational psychology is a fail.

Some notes at MarketCounsel from the pad of a skeptical Peter Giza

The Wealthsite exec zeroed in on Sallie Krawcheck, and all things tech

December 15, 2014 at 5:55 PM

Jon Stein: Efficiency is streamlined, but with human checks throughout the process.

How to hold 1,000 hands: Robo CEOs lay out a stark choice for traditional advisors at MarketCounsel Summit

RIAs who comfort themselves with the thought that automated advice caters to their 'non-core' clients are in for a rude shock

December 15, 2014 at 4:53 AM

Envestnet's John Phoenix and Brian Hamburger clap hands at the high-energy confab

The MarketCounsel Summit gets the RIA business out of its shell

Sallie Krawcheck threw a cat amongst the pigeons; Tony, I-come-in-peace, Robbins, more so and Addepar's Eric Poirer emerged from his silicon cave

December 12, 2014 at 6:25 PM

Shirl Penney [l.] listens to Bernie Clark (far r.) response as Mike Durbin and Mark Tibergien listen in.

Schwab, Fidelity and Pershing custody chiefs square off in Vegas but not before a private meeting in San Francisco

Fresh off a Schwab-hosted meeting to find common ground, Bernie Clark, Mike Durbin and Mark Tibergien each gave a two-minute pitch on their company and hashed out robo-advisors

December 11, 2014 at 9:19 PM

Howard Franzblau [l.with Richard Devine, David Brennan and Wayne Froud]: When you're at a company that is going under, it creates a lot of stress for the clients.

How Raymond James finally landed a big Bear Stearns team after JP Morgan retained and detained it for six years

The Florida broker-dealer finally has its first corner-office-style group at Rockefeller Center

December 11, 2014 at 7:28 PM

Mark Cuban [with Christopher Cox]: You don't know what it's like to fight the SEC until you walk into an arena and they're chanting 'insider trading.'

Persecuted Mark Cuban prosecutes the SEC and wins some mea culpas from Christopher Cox

Many RIAs say the riveting conversation between Mark Cuban and Chris Cox was perhaps the best event session ever

December 10, 2014 at 7:10 PM

Tony Robbins was given one hour, demanded two hours then performed for three.

Tony Robbins walks past the close a bit but nonetheless delivers at MarketCounsel

Despite detaining for three hours the just-arrived-in-Las Vegas crowd way past feeding time, Robbins won hearts, if not heads

December 9, 2014 at 9:34 PM

Gib Watson: A lot of these challenges revolve around fragmented data.

Envestnet turns its guns on the 401(k) business

With a 57% stake in a new venture, the Chicago SMA supermarketer tackles a second TAMP gusher

December 9, 2014 at 1:35 AM

Knut Rostad: Tony ... note to self: ‘Listen to Chuck, Jack and David.’

What Tony Robbins should remember when he talks 'fiduciary'

The five-syllable word represents an attitude, way of life and something you should grasp for the good of investors

December 8, 2014 at 8:44 PM

Doug Wolford: ...That's one of the things that you can do when you put in place a professional management structure, which we're doing in the next five years.

With Convergent experiencing advisor exodus, City National takes greater control of the RIA

Doug Wolford gets a vote of confidence from his City National-controlled board of directors and he references a new five-year plan of creating a 'professional management structure'

December 6, 2014 at 10:53 PM

Tony Robbins will mostly give his generic speech to RIAs.

Tony Robbins prohibits reporters from covering his two-hour MarketCounsel speech

His PR firm says that no-coverage rules are part of his standard contract but the 11th hour heads-up today to journalists on legal points raises confusion

December 5, 2014 at 2:43 AM

Howard Present resigned -- but not before the SEC scrutinized his company.

Following serious questions about how it calculated returns, F-Squared hires a new CEO after the old one leaves

On a short Raymond James, RBC and Wells Fargo leash, the biggest ETF manager in the industry with $28 billion loses Howard Present and brings up Laura Dagan from its board of directors

December 4, 2014 at 12:36 AM

Craig Pearson: It's us against Addepar and they're well-funded but we have a long track record of success and that helps.

How an under-the-radar UHNW performance reporting firm is taking on Addepar and Advent in a bid for RIA bucks

WealthTouch, which manages $200 billion for 300 clients, some with Goldman Sachs, JPMorgan or Credit Suisse,is bulking up by merging with a mass-market-oriented firm and eschewing big PE cash to get ahead

December 3, 2014 at 4:27 AM

The real and metaphorical hire of Peg Pike in its execution and promise made for a stunning webinar.

Three RIAs, three big-time hires and the story of how it all came together

Dwight Mikulis, Steve Janachowski and Marty Bicknell reveal their contrasting hiring styles and why chief operating officer is the job du jour in the RIA industry.

December 1, 2014 at 8:00 AM

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