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Articles tagged "Goldman Sachs"

Bo Dong: We actually are helping Advent, not so much taking business away. Otherwise, you probably would have jumped.

How two ex-myCFO guys are winning big RIA clients by using a pilot fish strategy to win Advent clients without harming the host
WealthSite is a no-name, but its customers are not, and it's winning by skimming the performance reporting off the top of Advent and PortfolioCenter accounts

Thursday 4.4.13
Chris Kojima told FundFire: The RIA business is a smaller part of the assets that AIMS manages, it has more than doubled in the last two years and it is growing

Sparks fly after FundFire reports that Merrill Lynch and Goldman Sachs are offering some RIAs their corner-office research
The Financial Times publication stands by its story, but Merrill won't comment, making the fiery situation smokier; Goldman is unabashed

Friday 3.8.13
Alan Spoon: The only question is when we choose to do so.

Focus Financial VC backer says IPO still on the table after private auction yields no sale
After three private equity firms passed on the deal for the $50-billion aggregator, Polaris Venture Partners' Alan Spoon seems to be calling shots and comfortable with its options

Thursday 9.6.12
Jordan Szekely brings investment banking acument, wealth management experience and relative youth to Evercore.

Evercore makes a wealth management hire from Goldman Sachs who's fluent in investment banking
The big $3.6-billion NYC RIA is looking to get cooler, smarter and more in touch with the entity that owns a major chunk of it

Thursday 8.23.12
Rudy Adolf has made Focus Financial a giant among buyers, but now it may be looking for its own buyer.

Summit Partners is reportedly shopping around its stake in Focus Financial
Focus has wheeled and dealed this year with acquisitions and big lines of credit -- now this

Thursday 5.24.12
Jason Lahita: Words like "egregious," "sloppiness," and "stupid" were used ... by Jamie Dimon.

How JPMorgan's PR mojo downgraded a $3-billion PR typhoon to a five-day squall
Availability, self-criticism and starting from a position of credibility all helped short-circuit the relentless media laser

Wednesday 5.23.12
Iconiq's San Francisco offices are little more than a receptionist's desk and a row of trading screens -- but it's more than enough to manage the assets of Facebook's billionaires.

How the Facebook IPO is creating the mother of all RIAs, Iconiq, and what an in-your-face it is for Wall Street
Breakaway out of Morgan Stanley, Divesh Makan, attracts the Mark Zuckerbergs and Sheryl Sandbergs of the world with his pedigree and presence

Friday 5.18.12
Jason Lahita: Would [The New York Times] have published [the op-ed] four years ago? I doubt it.

Opinion: How Goldman Sachs exposed its jaw to a massive PR blow from The New York Times' op-ed page
The investment banking giant showed reporters little respect for years, and bringing on a new communications chief came a little too late

Monday 3.19.12
Danny Sarch: It was a ballsy thing to do.

RIAs line up behind Greg Smith as Goldman Sachs reels from exec's New York Times op-ed grenade
The advisory community indulges in a bit of schadenfreude as a departing executive director slams the wirehouse culture

Thursday 3.15.12
Josh Brown: It's not that I'm so great, but I've seen a lot of ugliness.

'Reformed Broker' and blogger 'Downtown' Josh Brown joins BrightScope's advisory board
On the same day he posts a scathing blog entry about the infamous Goldman Sachs op-ed, financial advisor/web celeb announces his association with the controversial data tracker

Thursday 3.15.12
Mitchell Caplan: That's what happened with E*Trade and it validates us and lets us know we're doing the right thing.

What ex-E*TRADE CEO Mitchell Caplan says emboldened him to lead an $83 million management coup of Jefferson National
By pouring in capital from a former Goldman Sachs leader and others into a bigger sales effort, Caplan believes sales of annuities through RIAs are set to explode

Tuesday 1.17.12
Justin Berman on Goldman Sachs: When I first started there, we could do no wrong.

A Goldman Sachs advisor breaks away, sits out for 90 days and builds a $1-billion-plus RIA
Justin Berman's firm has thrived by investing his own family's money alongside that of clients

Tuesday 11.15.11
Jim O'Neill: I don't think the Fed's hands are tied at all.

Goldman Sachs' O'Neill gives optimistic report on conference call despite Standard & Poor's downgrade of US bonds
China's strong growth is the real leading indicator but the economist admits to losing some sleep

Tuesday 8.9.11
Jim Lumberg: Our ambition is to become the leading provider of aggregation performance reporting and billing solutions in the marketplace, and we’re investing accordingly.

Envestnet unbundles portfolio management software for RIAs and it won't be a sideshow
The Chicago firm serves 19,000 TAMP clients with technology, now it wants to take on Advent/Black Diamond

Wednesday 7.6.11
Lee Hennessee: “My ignorance was that I didn’t think somebody would lie to you in writing”

An RIA that paid the price for falling for the Bayou scam speaks out
Who should be accountable for finding fraud? Two who have been through the ordeal say responsibility should rest with those best-positioned to discover it, like the clearing firms

Thursday 11.18.10
In an interview with Elizabeth MacBride, above, Charles Ferguson says that because Obama blew it, reforming Wall Street will likely take decades.

DC Current: A damning view of financial services from Inside Job's director, Charles Ferguson
Film connects the dots leading to the crisis and lays blame at the doors of some unlikely candidates

Friday 11.5.10
Gerri Leder: In the tradition of Bill Clinton’s 1992 campaign disclosure, I’d like to confess that I experimented with profanity a time or two, but I didn’t email ...

No eff-ing way: Goldman professionals can’t email profanely?
This is not a joke.

Monday 8.2.10
The Committee for the Fiduciary Standard recalls Goldman Sach's Lloyd Blankfein's stammering testimony with a new video cut to make a specific point.

Goldman Sachs settles to make its scandal die, and Congress passes financial services reform. What does it mean for RIAs? Not much, yet.
In an attempt to sway new regulations on the fiduciary standard, an advocacy group releases a video of Goldman Sachs execs' worst moments before a Senate committee

Friday 7.16.10
Elizabeth MacBride on how a small group of advocates for advisors and the fiduciary standard influence the debate this year in Washington, D.C.

What went right: the story of the fiduciary standard this year
A long-odds fight by advocates and a well-timed Goldman Sachs stumble and -- voilà -- brokers may have to begin putting customers' interests first

Monday 6.28.10
Ron Rhoades: Settlement of the case between Goldman Sachs and the SEC is highly likely within the next several months.

One-Man Think Tank: Inside the legal issues of the Goldman Sachs hearings
Sorting out the culpability of the Wall Street powerhouse requires a close look at the suitability standard

Wednesday 5.5.10
Mindy Diamond: The biggest concern seems to be that Goldman has been described as 'betting against ... (clients).' Those words are not what a client wants to associate with the firm that manages their investments.

Goldman Sachs' wealth managers are taking recruiters' phone calls amid concerns over scandal fallout
The 'betting-against' allegations have some brokers fearful about their ability to attract new prospects

Monday 5.3.10
Bill Whitney: Everybody at a wirehouse has reached a gag threshold and is looking for an exit with few exceptions.

UBS brokers break away Mississippi style and a bass-fishing ex-Merrill broker comes out of retirement
Leaving the wirehouse was made easier by a truism of the folksy state: clients would be offended not to be asked to follow

Wednesday 4.28.10
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
Don Peters: Buying and borrowing from China is a broken economic model for the U.S.

Economy in worse shape than 2006
Financial advisors are taking the wrong signal from the stock market rise

Thursday 8.20.09
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