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Articles tagged "Mike Alfred"


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
Mike Alfred: Fidelity's gone from being generous to being assured of being generous.

How exactly Fidelity Investments extracted itself from a legal and HR quagmire and why it'll cost far more than the public $12-million amount
The settlement's small print reveals Fidelity employee may receive additional hundreds of millions of dollars in value over time

Thursday 8.14.14
Zohar Swaine: I couldn't help but wish for the inclusion of more technologies applicable to the wealth management space and RIAs in particular.

How the RIA business made a dent at the 2014 Finovate conference in San Jose
Personal Capital and Motif presented and United Capital was there in force

Friday 5.2.14
Mike Alfred: If you're hoarding all of this data and won't help wholesalers to help everyone get better they won't work with you.

BrightScope sees sales soar as formerly adversarial big 401(k) companies buy data about their own business
The business model of the La Jolla-based maverick evolves and triggers millions in new fee revenue and some big hires

Wednesday 4.16.14
Bob Reynolds: They reached out and asked if we'd like to buy their proprietary business.

Just what good Bob Reynolds' purchase of J.P. Morgan's billions -- sans sweet brand -- will do for his Great West-Putnam 401(k) empire
The Boston exec was opportunistic in getting this deal and remains open to others but the 'O' word that made Whole Foods famous is holding sway

Friday 4.4.14
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
Louis Harvey: We are seeing naked fear.

Why the 'naked fear' from a Yale law professor's letters to 401(k) plan sponsors is still present
The threatening, finger-pointing nature of the epistles drew the blood, the lack of a remedy to the attack from New Haven keeps the wound from healing

Thursday 8.1.13
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
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
Pig ugly? The offending image on Betterment's blog post

After outcry, Betterment 86's (but not on purpose) a blog post inflaming advisors
BrightScope and Josh Brown lead charge against up-and-coming web-based investment management companies for their bad-itude against advisors

Friday 5.4.12
Chip Roame sees a coming explosion of discount brokerage branches.

8 notable takeaways from the spring 2012 Tiburon CEO Summit
The breakaway movement still depends more on Wall Street's moves than Main Street's moxie

Wednesday 4.18.12
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
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
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
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

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