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Content tagged "BrightScope"



Jania Stout: Our approach involves working closely with not only our plan sponsor clients, but with plan participants as well.

HighTower adds two battle-hardened T. Rowe generals to the 401(k) field
The Chicago-based roll-up is angling for retirement rollover dollars but observers question how determined it is to become a serious player in the lurcrative sector

Friday 11.7.14
Lou Harvey: It does mean that annuity sales will no longer be a 'caveat emptor' type of transaction.

'Paradigm shift' in 401(k) flows opens the DOL door for annuities in 401(k) plans and RIAs are split
In the wake of DOL and Treasury rulings, some fiduciaries, certainly not all, seem willing to give the oft-reviled instruments a chance

Tuesday 10.28.14
Rodney O. Martin Jr.: I have decided to directly oversee the next phase of the businesses' growth and expansion.

What's behind the sudden exit of Voya's top 401(k) exec, Maliz Beams, and her replacement by the firm's CEO, Rod Martin
In post-IPO, post-rebranding mode, the No. 2 defined contribution company is open to big change in the face of 401(k) hyper-competition

Thursday 10.16.14
Ed Murphy: It hasn't led to a pause on the part of our prospects.

Bob Reynolds delegates the Great-West 401(k) business to old Fidelity mate after excruciating three-way choice
Edmund Murphy, kicked upstairs, is dispatched from Boston to Denver and will own the brand decision -- just for starters

Wednesday 9.10.14
Bob Reynolds: We're going to run the businesses together as one company.

Bob Reynolds does 'a lot of testing' to avoid foisting his 'Great West' brand on JP Morgan and Putnam Investments clientele
The chief executive also sees upside opportunities in bringing all three divisions under one banner

Tuesday 9.9.14
Mike Kitces: Social media has been so effective for all of my various businesses, that I've added several over the past few years just to handle the capacity.

The 25 financial advisors with the biggest online presences -- and a frank analysis of what online omnipotence does (or not) for them
Brightscope's top-100 social media maven list shows that RIA bloggers, tweeters, Facebookers and Youtubers sacrifice client face time to cater to web consumption

Thursday 5.15.14
Mike Alfred: If we tell people they can't engage until they pay, then we're losing 90% of the people from the start.

Brightscope lets advisors get basic entry to its Advisor Pages for free, talks Morningstar deal and pencils in an IPO for about 2017
After two years, less than 1,000 advisors paid for the website and BrightScope hopes free is a better price-point for some

Thursday 12.12.13
Dan Solin: I think the forces aligned against evidence-based investing are far more powerful than anyone can really appreciate.

The 401(k) industry braces itself for fruits of a CalPERS rethink that reflects a cut-the-crap mentality about active investing
A giant staff of researchers and managers -- not always in accord -- manages $260 billion of assets exerts psychological weight, and active management is losing friends in a place where it once thrived

Thursday 9.12.13
Michael Kitces: We've sparred back and forth on a couple of things over the past few years.

Two firms that have love-hate relationships with RIAs draft their harshest critics to serve as consiglieres
Advisor-rater BrightScope and tech startup Riskalyze draw two smack-talking industry observers into their inner circle

Tuesday 4.16.13
Mike Alfred: We're showing sensitivity here.

How BrightScope plans to publicize RIA advisory fees fairly amid all those onion layers
One competitor is convinced the Alfreds are merely rewarding fee obfuscation but the San Diego iconoclasts refuse to be discouraged

Friday 4.12.13
Charles Goldman: Once you take someone else's money, you have a commitment.

Advizent will close its doors after a final flurry of negotiations
Charles Goldman and Steve Lockshin had a moment of truth after receiving offers for funding

Thursday 3.28.13
Shiyan Koh: It's like a dating website for advisors.

NerdWallet's lead generation website has 20 Bay area advisors in beta, MIT, Wharton, Brown and Stanford folks running things and a Silicon Valley confidence
For Ask a Financial Advisor, the medium is the (video) message and the specializations include Lutherans

Tuesday 3.5.13
Randy Long: Being willing to serve in a fiduciary role has had a major impact in the growth of the firm.

10 most influential individuals in the 401(k) industry affecting RIAs in 2012, Part 1
Cataclysmic changes are in store RIAs advising retirement plans -- here's who's building up and advocating for this vital sector

Thursday 1.3.13
Eric Clarke and Chip Roame atop Mount Whitney

How RIA industry execs took on the ultimate teamwork challenge: Conquering the highest summit in the lower 48
Training regimens for the group -- including a Green Beret and a Gulf War veteran -- ranged from crossing the Brooklyn Bridge to Google searches for portable bottles of oxygen

Thursday 7.12.12
Lou Harvey: The rules on the participant side are a joke.

After years of DOL bluster, new 401(k) rules appear to make RIAs' low expenses look higher than those of brokers
It's the same old problem of mutual fund-paid fees arriving by tunnel and therefore getting a pass in disclosures; DOL no-comments the issue

Monday 6.18.12
Rick Meigs: These plans are knowledgeable, well-informed and have sufficient leverage to compel change.

What led to Vanguard allowing its 401(k) plan sponsors to shop around for non-Vanguard target-date funds
Despite the new choices available to plan sponsors, Vanguard believes clients won't stray -- but industry observers are not so sure

Tuesday 6.5.12
Les Abromovitz: The SEC is embracing social media. It remains to be seen if social media users will embrace the SEC.

What the SEC is up to with its website's fancy new look
The redesign is a nod to social media and a recognition that it needs the public

Monday 5.14.12
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
Jack Waymire: You do not have to wait for investors to figure out the benefits of transparency on their own.

How exactly RIAs can leverage the new transparency as a marketing tool
Fee-only advisors will reap the benefits of fuller disclosure and here are some ways to highlight your competitive advantage

Friday 2.17.12
Fred Reish: Before, the statement said that you should consider firing the provider but now it's very clear that it's mandated.

DOL tells employers when they must fire advisors to 401(k) plans
The new teeth in the rules went unnoticed by many people amid other changes

Friday 2.10.12
Terrence Morgan: It wouldn't surprise me if people are stalling and hoping that Phyllis Borzi is fired.

Report of a possible delay in DOL's fee disclosure rule sparks apprehension among advisors and industry observers
Advisors say they can't comply with the rule until they know what's in it but one delay could lead to another

Thursday 1.5.12
Andrew Salesky: We're very optimistic with the ability to build this model.

The 10 most influential figures in the RIA business going into 2012
The RIA power elite: Part 1 of 2

Tuesday 1.3.12
Shawn Tierney: BrightScope is big. But how well known are they among investors? It seems they're just big among the financial community.

Third-party advisor review sites vie for attention from investors and advisors
Paladin Registry will launch website next year aimed at luring investors on a daily basis

Tuesday 11.15.11
Mike Alfred: Reviews will be in line with the spirit of [compliance regulations] if not in line with the antiquated letter of the law, which was written long before the era of social media.

Brightscope to launch Yelp-like reviews, putting advisors under the consumer microscope
The iconoclastic Alfred brothers' latest innovation will give clients a voice - but experts and advisors fear compliance complications

Monday 10.3.11
Frank Noto saw no sun in San Diego as the FPA conference warmed to its task.

An advertiser's-eye view from among the booths of the FPA convention's exhibit hall
Technology companies, Chubb, TD Ameritrade and BrightScope get special notice

Sunday 9.18.11
Bernie Clark: This is our responsibility.

Schwab to pump millions of dollars into promoting RIAs as a channel
Bernie Clark tells crowd at national FPA conference that it's not about Schwab

Friday 9.16.11
Dave Welling may play a pivotal role in whether Advent's Black Diamond acquisition makes the combined entity more like the Google or Microsoft of portfolio management systems.

Five recent articles that show the RIA business just keeps hitting milestones
Advent buys Black Diamond, Carson goes RIA, Duran champions consolidation, Schwab goes full-out into franchises, Brightscope grades RIAs

Tuesday 6.21.11
Joe Mansueto: There’s a need to find the right advisor for you and to evaluate that advisor. There’s a consumer need.

Morningstar's Mansueto views next horizon: rating RIAs
Company announces new forward-looking fund rating systems but how to rate advisors still has puzzling aspects

Monday 6.13.11
Michael Alfred: If a plan doesn’t include [TIPS] then they need to explain why.

With inflation on a tear, 401(k) plans look vulnerable and BrightScope publishes a cheat sheet
Some experts are running scared from rising prices and others see this as another false alarm

Friday 6.3.11
Andy Rachleff: Am I frustrated I can’t update Brightscope’s database? Sure, but I think they’re doing the right thing for the consumer.

BrightScope debate has familiar feel of an industry being dragged kicking and screaming into the new world
Investing in the Digital Age: Andy Rachleff writes about the freight train of transparency

Thursday 5.12.11
Advisor Donald Purtill: The government’s records are fine. They have all of the right information and anyone can see it.

Under fire, BrightScope says it will allow advisors to update simple information for free
Company slams SEC as obstructionist

Thursday 5.5.11
Ryan Alfred: If you do something disruptive (in the marketplace), it’s going to be polarizing.

BrightScope sticks to its guns as it responds to outspoken critics of its Advisor Pages
The San Diego-based data tracker opens a window on the practices of 450,000 advisors; skeptics say it crosses a line

Monday 5.2.11
Existing sites that list advisors aren't comprehensive, says Mike Alfred. "The average consumer won’t be able to go on line and find the person who took them to lunch that day.”

BrightScope's huge advisor database is first search-engine friendly way to connect consumers, advisors
Advisors can pay to add information, but disciplinary actions will show up

Thursday 4.28.11
Raj Udeshi: Even on a Bloomberg terminal which you pay $2,500 a month for, there is no aggregated economic data in one place, all together, where it updates in real time. We've done that for the first time here.

How HiddenLevers is using the web to bring wirehouse-type economic analysis to RIAs
Company offers RIABiz readers interested in beta testing their new product 85% off the price

Tuesday 2.22.11
Mont Levy: We see the DFA advisors looking at this opportunity very closely.

Buckingham expedites turnkey 401(k) strategy by buying a fellow DFA TAMP
Competitors for advisors' business (like that little company, Fidelity) aren't sitting still as demand surges

Wednesday 1.5.11
Tony Ferreira: They’re a victim of the recession.

Some experts question Cogent Research study's finding of big dip in 401(k) plan ownership
The bad economy deterred participation in employer retirement plans but their growth may stay suppressed longer term, researchers say

Thursday 4.29.10
Scott Pritchard: Many advisors [selling 401(k) plans] recognize the merits of a move to fee-only, but like a drug addict who knows they need to quit, they just can not 'kick the habit.'

RIAs are starting to create their own 401(k) companies as alternatives to John Hancock and The Principal
Capital Directions is building a TAMP for advisors that want to get into the 401(k) business

Tuesday 4.27.10
Heather Underwood goes deep into the made-for-RIA features of BrightScope's website

How BrightScope is using technology to create order in a messy 401(k) market
A San Diego-based company gives a peek behind the curtain of many of the 60,000 largest defined contribution plans

Thursday 3.25.10
Ryan Alfred: I would have expected Mr. Utkus to do a little bit more research before reaching this erroneous conclusion

Blog battle: Vanguard 401(k) principal and president of 401(k)-tracker have it out over the Internet
Steve Utkus suggests a flaw in BrightScope's system and Ryan Alfred is having none of it

Friday 3.19.10

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