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Content tagged "Fortigent"



Steve Lockshin: I wrote a big check.

Tiburon CEO Summit extrudes big news: Betterment Institutional is born
Steve Lockshin lays out his plans for TAMP-like venture and how Michael Kitces, a public critic of the Betterment CEO, very much fits in

Tuesday 4.8.14
Carrie Gallaway's team had to write a check to Morgan Stanley but sees a long-term play with Lebenthal.

What exactly lured a sparkling Morgan Stanley advisor and $1.2 billion to a retreaded brand name attached to a fledgling RIA
Carrie Gallaway and partner Andrew Stern got no signing bonus but the Lebenthal brand, and what Frank Campanale is building with Fortigent, Envestnet and BNY Mellon, attracted them

Friday 3.28.14
Neal Simon: We decided to put our money where our mouth was and we hired a full-time [recruitment] person.

This MBA chose an RIA, now with $1.4 billion AUM, but as a business model, not as professional choice per se
Neal Simon says that -- Ric Edelman aside -- nobody is plotting expansion like him

Friday 2.14.14
Ron Carson: I have an account at Betterment.

Why Ron Carson brought Steve Lockshin onto his team and how Betterment fits into their plans
The head of LPL's flagship RIA and Barron's top independent advisor of 2011 are pooling brainpower and embracing the possibility of deploying strategic robo-advice

Tuesday 1.28.14
Jamie McIntyre: The out-of-pocket fees can be almost zero because we've embedded it into the investment management fees for research.

An LPL-ified Fortigent bursts back on the scene with new software, new pricing and a surge of growth
After a tense waiting period, the outsourcer is unveiling alternatives to six-figure research contracts and the launch of an online portal for all services

Monday 10.14.13
Derek Bruton: The sales cycle has lengthened.

At the $50 billion mark, Derek Bruton discusses how LPL's hybrid unit became 'wildly successful' and why Fortigent helps put the $100-billion target closer still
Booming markets have slowed recruiting, but the IBD's RIA custody unit will only get better as it affords itself more and more of Fortigent brainpower

Wednesday 6.19.13
Joe Piazza:  I have always felt that I was "interrupted" 10 years ago.

With big LPL backing, the Robertson Stephens brand revives to roll up advisors to the suddenly wealthy
Joe Piazza is taking the once-premium San Francisco investment banking brand and combining with Fortigent to lure brokers to a hybrid platform

Tuesday 3.12.13
Dan Arnold: I'll reinforce there are no customer-facing roles [that will be cut].

LPL's RIA assets skyrocketed in 2012
Outsourcing is are still on the agenda though the CFO categorically denies advisor-facing jobs will be lost

Wednesday 2.6.13
Christopher Giles: Folio offers us a competitive platform to grow into.

LPL signs on with FolioDynamix for rebalancing to boost its IBD offering and Fortigent's
The huge independent broker-dealer will wean advisors off its homegrown trading and rebalancing suite and stick with Fortigent for research and performance offerings

Tuesday 1.15.13
John Waldron: We know that LPL is putting things in place so that it can focus on the ultrahigh-net worth market, but we wanted to be with partners who already have those services in place.

$1.2 billion RIA breaks it off with LPL as new beaux Fidelity and Pershing vie ardently for favor
Seeking support for its superrich clients, Waldron Wealth lets the big IBD down easy, retaining its subsidiary, Fortigent

Wednesday 11.7.12
John Wolff says LPL might be tempted to offer Fortigent research to its retail brokers, diluting the value of a product that his firm "spends a lot of money on," and making it "less of a distinguishing factor."

What Fortigent advisors said in Santa Barbara, and what execs say may be next for the LPL-owned outsourcer
With Andy Putterman, Scott Welch and a big cadre of Fortigent's biggest customers living well together, a picture emerged

Monday 10.8.12
John Moninger: It's the first milestone, and many more to come.

LPL Financial finds a starting place to bring Fortigent into its mainstream mix
The big broker-dealer will leverage the acquired firm's alternative-investments research and portfolio management with a new offering

Wednesday 9.26.12
Nathan Sonnenberg is the first member of the Fortigent executive suite to depart since the firm was bought by LPL five months ago.

Two top Fortigent talents leave in the same week as industry-watchers ask: Was it them or was it LPL?
The LPL-owned investments outsourcer may not replace CIO Nathan Sonnenberg and alternative investments director Robert Mileff

Thursday 8.30.12
Derek Bruton (l.) and his colleagues (Andy Kalbaugh on r.) have implemented home office “Private Briefings” focusing on clients with over $10 million in investable assets.

LPL kicks off FOCUS 2012 talking about service for UHNW investors
The big broker-dealer also talks about big 401(k) plans and offers a couple of details about Fortigent

Wednesday 8.22.12
Jack Bogle is the first of seven big names that Advizent plans to put on its board.

Advizent makes Jack Bogle its standards czar, a no-pay, no-conflict position
The RIA brand will depend on a gold standard of rules and audits

Tuesday 7.31.12
Steve Prostano: [SFOs] still don't want to invest in the business.

How WilmerHale is positioning its $3.3B-AUA RIA as outsourcer and owner in a $750-billion market
Silver Bridge, backed by the high-power law firm and headed by a former JPMorgan Chase division president, is exploiting the need of single-family offices to gain scale without merging to become multifamily offices

Monday 6.25.12
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
Gregory Curtis: You have to stick to your knitting even if it costs you business -- which it will.

An $18-billion RIA tacks on a $24-billion U.S. Trust cast-off as the grab for UHNW magnets continues
Harris myCFO continues a shrewd strategy of serving the very, very rich as it puts CTC Consulting into its arsenal

Thursday 5.3.12
Steve Lockshin: We are never going to succeed unless we build a brand.

Steve Lockshin and Charles Goldman begin to unveil Advizent, a venture that could put thousands of RIAs under a single cooperative
The Convergent CEO and ex-chief of the Schwab and Fidelity RIA custody units will refer consumers to advisory firms -- but only after doing an intensive 'audit'

Thursday 4.5.12
Shirl Penney and Todd Thomson: The reason to [go independent] is that you want to build equity in something that's yours."

The top 10 people to watch in the RIA business in 2012, Part 2
Keeping an eye on those gaining the most ground in the fleet-footed RIA industry

Tuesday 3.13.12
Robert Moore: We like transparency.

LPL sees bright spots amid sideways 4Q earnings report
The firm is buoyed by increase in advisors, a perceived edge in the 401(k) segment and interest generated by the Fortigent deal

Wednesday 2.8.12
Michelle Smith is looking for ways to handle growth.

Dynasty Financial and Black Diamond combine to pick off a big family office helmed by women
Alexandra & James Wealth Management uses the duo to replace Fortigent as it nears $1 billion of AUA

Friday 1.20.12
Chip Roame: They can offer a traditional payout of 40% or so and pay for personnel, rent, technolog or they can pay a higher payout.

Wirehouses will create their own independent models, Tiburon report says
WIll 2012 be the year that wirehouse 'halfway houses' catch fire?

Thursday 1.19.12
Andy Putterman: It couldn't be any more offensive.

LPL makes big advance into the RIA business with Fortigent acquisition
The kingpin of product-based mass affluent advice now has a major beachhead with high-net-worth investors

Tuesday 1.3.12
Is LPL chairman and CEO Mark Casady looking to add a jewel to the the mammoth B-D's crown?

LPL and Fortigent may be cooking up a merger, sources say
A strategic alliance could give LPL access to VIP RIAs and make Fortigent's highly customized offerings more profitable

Tuesday 12.6.11
Britt Doyle: People with new money who are younger have an inherent distrust with big organizations.

West Coast breakaway drops UBS in favor of Sanctuary/Fortigent outsourcing
Two industry veterans strike out on their own after sudden-millionaires-to-be are cool to their Wall Street ties

Thursday 11.17.11
Scott Welch says his company's success can be attributed to putting manager research and reporting under one roof.

How Fortigent got $50 billion on its platform by treating an RIA pain-point
The Rockville, Md.-based company was early in the high-end of the market but other outsourcers are catching on

Monday 9.12.11
Elliot Weissbluth: I can tell [advisors] life is better for you outside of the wirehouse and I didn’t know this fact three years ago.

HighTower dangles array of hedge funds to lure breakaways
Wirehouses have nothing on independents when it comes to access to hedge funds, firm says citing three-year study

Thursday 6.23.11
Bill Crager: Business is very good.

Envestnet and other TAMPs keep the asset train rolling in the first quarter
Genworth had a rare deceleration in net flows but it'll be short-lived after a new product launch, according to Gurinder Ahluwalia

Thursday 5.19.11
Rebecca Pomering: The next big growth hurdle we have in mind is $3 billion.

Advisor Spotlight: Moss Adams looks to branding for its next $2 billion of growth in RIA assets
How the West Coast firm revised its business model and went on a hiring spree

Friday 4.1.11
Joe Stallings: Many offices around the metro area struggled to continue with business as usual.

How a big Atlanta RIA kept sledding with technology after snow paralyzed the city
Where snow shovels left off, laptops, iPads, iPhones, NetX360 and some forethought took over

Tuesday 1.25.11
Matthew Judge: Breakaway brokers don't want to explain to brokers why they can't have the same separate account managers.

TD Ameritrade paves the way for breakaway books of business to transfer intact
PlaceMark deal modifies unified managed account platform so advisors can plug in their former wrap managers

Wednesday 9.15.10
Mike Apker: We want advisors to think of us as a full outsourcing partner.

Envestnet buys a company to gain an edge with Schwab RIAs
The big TAMP's purchase is a move toward more generalized outsourcing

Monday 6.14.10
While executives from Goldman Sachs raised their right hands before Congress and attempted to artfully wordsmith their way out of selling “crap” to their customers, those that represent a better way of doing business gathered in Las Vegas.

The Leading Indicator: Breakaway lawyers turn the tables and invite RIA providers to their own conference
The business plan and the breakaway plan of RIA service providers are starting to look the same

Thursday 5.20.10
Where do the wealthy live? Imagine a layer around three sides of the country, then add Ann Arbor.

Which metro areas are the most fertile ground for advisors?
Geography becomes a greater concern as the Boomers become snow birds

Tuesday 4.20.10
Rebecca Pomering: I would not say we have outsourced. We are using them as an additional source.

Why Moss Adams signed a big contract with Fortigent
The Seattle-based RIA is looking to grow investment capabilities without adding staff

Wednesday 3.24.10
Fortigent hired Chad Givens to conquer California

Fortigent and Adhesion staff up to haul in bigger fish in the outsourcing market
Advisors who never considered outsourcing see it in a different light today

Thursday 3.18.10
Fortigent LLC posted this photo for clients as a nod to the snow

Beltway-area advisors are rocked by the snowstorms of the century
Financial advisors are out shoveling like crazy but web connections minimize setbacks

Friday 2.12.10
Bernie Clark: We’ll continue to build the connectivity that will make it better

A giant is awakening in the hybrid RIA market
Schwab vows to spend big in 2010 and 2011 on better connections to IBDs

Thursday 1.14.10
Barry Glassman: There are restrictions as far as the kinds of things we can say and document if one has the ability to earn commissions.

New RIA with a Royal touch
Glassman takes assets to Schwab and outsources some services to Fortigent

Monday 11.2.09

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