Articles tagged "Alois Pirker"


Kunal Vaed: This is not a me-too solution. We were careful not to start when the others came out.

E*Trade finds now the right time to launch its e-advice robo with an 'active' twist
The New York-based discount broker means to put $1-million minimum-bogey institutional funds in the hands of retail investors

Friday 7.8.16
Robb Baldwin: Dealing with advisors who require lots of effort with very little assets, you realize that some of the greatest risk you end up facing is from small advisors.

The non-Big Four RIA custodians, no longer runts but stunted in growth, are applying tougher love to hobbyist RIAs
In part one of a three-part series, we examine how seven small custodians -- starting with Trade PMR and Scottrade -- are evolving away from the Utopian model of 100% inclusivity

Tuesday 6.7.16
Jon Stein: In January with all of the market volatility, we saw our fastest-growing month ever until this month. March will be our fastest growing month ever.

Betterment raises $100 million a year after a $60-million round, enabling it to step up efforts to win the HNW wallet
The conversation is moving from play money to competing with Fidelity, Merrill Lynch and Schwab as it seeks build out a full-service offering to win plan sponsors, rich individuals and RIAs

Tuesday 3.29.16
Gail Graham: We think of ourselves as the ultimate design and delivery firm.

After spending millions and getting cozy with Salesforce, United Capital is morphing, maybe big-time
Gail Graham is bringing the $15 billion 'roll-up' into the third-party white label business -- intending to license its system to RIAs

Thursday 3.10.16
Lori Hardwick elicits streams of superlatives from the industry.

Completing matriarchal coup, Pershing raids Envestnet's top drawer to grab Lori Hardwick, whom many thought unpoachable
Pershing's top two executives are now women with Lisa Dolly being replaced as COO by another dynamo

Thursday 2.11.16
Lisa Dolly is no-nonsense but far from rigid, according to people who have worked with her.

Why Pershing's CEO pick looks uninspired, and why that look may be deceiving
LIsa Dolly is a rare 'lifer' in a transient industry but those who know the clearing giant's first woman leader say her entrepreneurial spirit and decades at Pershing make her an inspired choice

Monday 2.8.16
Peter Intraligi: This is completely open architecture.

How exactly Invesco plans to get a return on its Jemstep robo purchase with a TAMP-evoking strategy
The $800-billion Atlanta money manager is trying a modern model portfolios play on buying distribution for a more prominent seat at the table

Wednesday 1.13.16
Sources say that Bill Harris is testing the M&A market to appease directors.

Amid growth slowdown, Personal Capital lists with an investment bank but critics debate if it means 'blood in the water'
Bill Harris has done things his way until now but may hand over control to a giant for a $500 million payday

Friday 12.11.15
Bernie Clark: We have been working closely with advisor groups over the past year to shape our offer.

Schwab makes thousands of its RIAs subject to fee for robo-software, allocation of client cash to Schwab Bank
The San Francisco firm told RIAs on a webcast that their firms must have $100 million on account or pay for robo-software

Monday 3.23.15
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

Thursday 12.18.14
Walter Bettinger: With the right full-service model for serving today’s investors, we are driving sustained momentum in our business.

8 takeaways from Schwab's earnings report and commentary including: We are 'full-service', dammit
The San Francisco-based company is upping its rhetoric relating to its bid to bring higher-level investment counsel to high net worth investors

Friday 7.18.14
Clayton G. Deutsch: If you know Peter Raimondi, you know we're not going to sit on cruise control.

As Boston Private and Banyan Partners merge, the Big Three roll-ups become the Big Four
Banyan's Peter Raimondi will lead the combined entity that could morph into a fearsome acquirer

Thursday 7.17.14
Alois Pirker: Innovation is now more of a visionary thing, and an appetite thing, rather than about the monetary angle.

The 6 biggest trends affecting the RIA business
Alois Pirker, Mike Durbin and Meredith Rice help RIABiz paint the Big Picture for private wealth management in the U.S. and beyond

Monday 2.24.14
Sharon Miller: We partner back and forth between Merrill Lynch and Merrill Edge so it is seamless.

The amazing success of Merrill Edge and why some legacy Merrill brokers think it's eating their seed crop
It won $87 billion in brokerage assets in three years, but some old Merrill Lynch vets say it's just pulling emerging accounts away from thems

Monday 9.23.13
Mike Papedis: For reasons unknown, it hasn't translated to movements.

Deal-making momentum is AWOL 'for reasons unknown,' but HighTower Advisors wins an outsource deal with a fresh $500 million Morgan Stanley breakaway
This deal looks pretty normal, but the Alabama sign-on looks like a pioneer in this eerily quiet market

Wednesday 9.18.13
Bryan Chew (l.) with his team: I felt there wasn't anyone I could turn to at LPL.

Commonwealth racks up a $100 million LPL team by using its broker-dealer's greater size against it
The Waltham, Mass.--based IBD believes this is LPL's soft underbelly because small-and -familial is why many advisors joined the old Linsco/Private Ledger from wirehouses in the first place

Thursday 8.9.12
Scott Smith: It almost seems like collecting the $15 fee would be more labor for UBS then it's worth.

Is UBS channeling its inner IBD in levying $15 charges on its advisors for redundant mobile devices?
The wirehouse's charges seem on target on paper but are they penny rational and pound foolish?

Wednesday 8.8.12
Neesha Hathi: That's a bit of an evolution for us.

Schwab shifts its strategy on its massive Intelligent Integration
Schwab evolves to a platform-of-platforms strategy for technology rather than hand-picking best-of-breed applications

Thursday 6.7.12
E. F. Hutton may need to listen harder than ever to become the fifth wirehouse in an RIA world.

What the reincarnation of E.F. Hutton says about the pace at which RIA business is moving
It's the latest in a series of recent ventures marked by infectious enthusiasm by founders -- and few details about their business plans

Tuesday 4.24.12
Richard Saperstein: We wanted to keep our assets at one of the safest institutions in America.

Why some RIAs are jumping through hoops to custody assets with JPMorgan
After selling its RIA unit to RBC, its marquee name, sterling reputation and a new platform continues to draw advisors

Thursday 4.19.12
Jud Bergman: We value their market position within the independent RIA segment which is core to Envestnet’s growth initiatives.

Big deal: Envestnet will acquire Tamarac for $54 million
The big Chicago outsourcer nabs the fast-riser in the RIA software business and one competitor says: "now what?"

Thursday 2.16.12
Tom Bradley: We consider ourselves the Apple of the industry.

Once good for a few million, TD Ameritrade's foot-in-the-door strategy is starting to net billions
With the paperwork signed, TD goes to work wooing big RIAs with technology, special pricing and a maverick culture

Tuesday 10.11.11
Tim Oden: The amount of due diligence they're conducting is so deep. I just can't imagine they'd go to that trouble to just kick the tires.

Breakaway Movement II is kicking in, say Schwab and Fidelity execs
Spurred by waning wirehouse retention packages, a wave of advisors are poised to jump ship in 2012

Wednesday 8.10.11
Richard Hart: We think it’s a really big deal.

(Updated) Fidelity elevates hybrid offering by giving RIA technology to thousands of IBD reps
WealthCentral lures breakaways to FIWS and it may also work for National Financial

Friday 10.1.10
Alois Pirker: Wirehouses are watching the breakaway movement slowly and are likely to adapt. "They're not stupid."

Study: Breakaway trend may slow as wirehouse mergers start to click
To keep brokers, some wirehouses may offer more independent platforms

Tuesday 6.1.10

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