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Content tagged "Pershing"

Pershing Advisor Solutions

Filed under: Asset Custodian
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Ron Shevlin: The message is: Get more aggressive about marketing in general.

9 things to know about the 'truth' concerning RIA use of social media
Results of a new Pershing-Aite study show advisors really are using social media -- and making more money by doing so

 Wednesday 7.21.10
Mark Tibergien: To advisors, broker-dealers are the Soviet Union and FINRA is the KGB.

Why advisors see FINRA as the devil
A conversation with Richard Brueckner and Mark Tibergien lends perspective to this widely held view by RIAs of the b/d regulator

 Tuesday 6.22.10
Richard Brueckner dashed out to get ready to introduce Henry Paulson, but Jim Crowley and Mark Tibergien stopped for a meeting-room photo.

Wrapping up INSITE: Execs on the growth of the advisory business -- and what might endanger it
Pershing works to make a winner of of having multiple advisor businesses under one BNY roof; plus, a conference slide show

 Monday 6.14.10
Jim Crowley: We're in a position to move upmarket.

RIABiz team fans out to to Pershing INSITE and TD Ameritrade's Elite conferences this week
NetX360's on the agenda at one of the industry's largest gatherings; Henry Paulson will be on the spot

 Tuesday 6.8.10
Peter Berg: What’s been missing is a business development effort of any significance.

BNY Mellon's new RIA custody unit will collaborate [and compete] with Pershing Advisor Solutions
The giant bank believes it can meld technology and sales forces to lure to dug-in breakaways

 Wednesday 6.2.10
Tom Nally: I think joiners are going to take the breakaway trend to the next level.

9 things to know about the breakaway-to-RIA movement and why it's likely to get bigger
In a down market, RIAs need a new growth strategy and small brokers a safe landing place

 Wednesday 5.26.10
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
Andy Gill: Clients understand what they're going to get with purchases of new issues of municipal bonds.

Schwab gives investors seat at the table for new-issue municipal bonds with J.P. Morgan deal (updated)
San Francisco broker answers call of RIAs seeking to better serve retirement-minded Baby Boomers

 Friday 4.23.10
Bernie Clark: Our competitors are still treating this [custody of alternative assets] as an accommodation.

After a wait, Schwab has a program for alternative assets
The giant custodian will hold many of the assets itself

Thursday 4.22.10
Mike Durbin: Fidelity's investment management heritage and capital markets resources are unique qualities among custodians

Fidelity plows ahead in the RIA business with overhauls of service, technology and management
Stagnant for more than a decade, the Boston-based RIA custodian has become a cauldron of dynamic change in last few years

 Tuesday 3.30.10
Custodians are aggressively hiring good talent to keep up with RIA demand. Schwab's hire of Nick Georgis was a good example of that.

Part II: The things 11 through 20 that show the RIA market is really heating up in 2010
Everything from New York Times recognition to accelerating executive hires suggest the RIA realm is getting hot

 Tuesday 3.23.10
Christopher Dean, managing director of Summit Partners in Boston, invested VC money in RIAs

10 things that show the RIA movement is really heating up in 2010: Part I
Observers need a scorecard to keep track of all the advances that RIAs are making

 Monday 3.22.10
Charles Huebner: You can see it in their eyes. They say: You can tell what it is like to take the risk.

Two senior UBS brokers pass on retirement to pursue aggressive breakaway plan
Huebner and Jagger are winding up, not down with multi-faceted growth strategy

 Tuesday 3.16.10
Maggie Serravalli: It is about taking it to the next level and making it a distinctive experience

Fidelity names buck-stops-here service czar for all of its financial advisory channels
Maggie Serravalli is aiming for service quality consistency

Monday 3.15.10
Arthur Tambaro: It validates all the work we have done and the technology we continue to develop

How Royal Alliance won a big-time RIA after a string of losses
Rehmann Financial loves the AIG subsidiary's alliance with Pershing

 Friday 3.12.10
Mark Tibergien: We are managing risk. That is what B-to-B firms do.

Pershing is working to create a better alternative assets experience
The Jersey City RIA custodian believes a defined list of criteria gives it an edge

 Monday 3.8.10
Mark Tibergien: We were so impressed with Schwab's service that we hired 14 of their people in the past two years.

Mark Tibergien is making Pershing an industrial strength custodian with an RIA service touch
The feisty CEO of Pershing's RIA unit believes his offering will speak to big RIAs

 Thursday 3.4.10
Bernie Clark: We will be spending a great deal of money

Schwab is a big custodian with plans to step it up in 2010
Bernie Clark will have a juggling act of keeping service top notch and shoring up the hybrid offering

 Wednesday 2.17.10
Joel Bruckenstein says it was the final straw when his speech at a big industry conference got bumped into nighttime.

The T3 conference has a rebellious air and the makings of success
Bruckenstein and Drucker channeled their frustration about industry conferences into creating a tech mecca for RIAs

 Friday 2.12.10
Fred Tomczyk: RIAs will continue to get what they need from TD

7 signs that TD Ameritrade's big conference may be a harbinger of bigger things
The #3 custodian is choosing its own path

 Monday 2.8.10
Derek Bruton's hybrid RIA platform receives an endorsement from an unlikely source: Morgan Stanley

Top 10 findings of Morgan Stanley report include: Schwab as the best RIA custodian, LPL for highest advisor satisfaction
Wall Street's endorsement of the RIA model is a sign of the times in the industry, analysts note

 Tuesday 2.2.10
Stephen Finn is betting on Maiorano to keep his growth streak alive

Stephen Finn taps Maiorano to take small custodian to the next level
Schwab RIA pioneer plans to make his custodian more mainstream

 Monday 2.1.10
Brooke Southall: The Custody Project has grown to do justice to the scope and quality of the material it covers

Asset Custody Project rolls forward
The scope of the RIABiz plan for 2009 recaps and 2010 outlooks of RIA custodians took on a life of its own

 Monday 2.1.10
Charles Goldman still embodies a service ethic for many advisors

Advisors can tolerate Goldman departure from Fidelity if service doesn't suffer
Fidelity says to expect no change in service approach because of executive changes

 Thursday 1.28.10
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
Hybrid tomatoes have their advantages and so do hybrid RIAs

5 Reasons why the hybrid RIA model may be a bigger deal than ever
Someday all advisors could be hybrid-like under FINRA

 Thursday 1.14.10
Mike Kavanagh: We are taking this very seriously and we’re taking our time with it

RBC is checking every box to ensure it acquires the JPMorgan RIA unit intact
Mike Kavanagh brings the former Bear Stearns service team to Minneapolis for bonding

 Wednesday 1.13.10
Dan Skiles: It doesn’t matter from a passion standpoint whether the RIA has $50 million or $2 million

How Schwab's top tech executive for RIAs ended up with a fledgling competitor
Dan Skiles makes conscious decision to stop his 'Up in the Air' life and discovers the joys of being an entrepreneur

 Monday 1.11.10
Paul Lally: Banks see this possibly as the opportunity of a lifetime to get into the wealth management business.

Banks are hungry to buy RIAs again
The same pressures for growth and non-interest income have them shopping, albeit more cautiously

 Monday 12.14.09
Mark Tibergien: Nothing is forever. Advisors say they wouldn’t sell to such-and-such organization, but they do.

Deal bottleneck in M&A caused by buyers expecting fire sale prices, report says
Quantity of deals is down but quality may be up; 2010 looks brighter

 Friday 12.11.09
Mark Hoffman: An RIA is just like any small business, but with a slug of regulation.

What You May Have Missed: A broker leaves UBS and loops in executive talent for his RIA
Not satisfied to be a mom-and-pop, wirehouse breakaway hires Boston Consulting Group talent out of the gate

 Tuesday 12.8.09
Eliza De Pardo: “The data is a starting point but it’s not the end game.”

Will the real Moss Adams please stand up?
Two companies with ties to the Seattle-based consulting firm seek to fill a void

 Monday 11.9.09
Peter Hess: “It’s more affordable and it’s more of an offering.”

Outsourcing begins to catch fire at Advent Software
Hess recognizes that a new breed of advisor doesn't want the 'dirty work'

 Wednesday 10.28.09
James Burton sought to create easy-to-use platform

Fidelity to provide Wall Street-style access to international investments
Boston brokerage gets edge on close rivals but State Street is still king for global investing diehards, advisor says

 Thursday 10.22.09
Brian Hamburger: “I’ve been critical of investment advisers. I don’t think they’ve taken advantage of this time [of upheaval].”

Merger and breakaway experts convene near Princeton at old Merrill Lynch lair
Attendees will shares notes on how to dismantle wirehouse salesforces

 Thursday 10.22.09
Steve Disenhof: The service offered by the broker-dealer's team will make or break the relationship

How to choose between the bewildering custody choices
Litman/Gregory took its time and checked all the boxes

 Friday 10.2.09
Paul Lally: "If you educate me, please don't leave me at the altar."

Fidelity races to develop M&A program ahead of looming merger boom
Boston custodian seeks to manage a flood of client requests

 Wednesday 9.23.09
Sean Cook: Fidelity's cuts are a validating symbol of the company's willingness to take alternative investments

One notable Fidelity price cut may enliven conversation, advisors say
Cut of alternative investment custody fees is symbolic to key Schwab advisors

 Thursday 9.10.09
Eric Thurber, Fred Molfino and Brett Sharkey: Have a niche with VCs on Sand Hill Road

Citigroup share plunge triggers elite Smith Barney team to consider breakaway
Three Bridge Wealth Advisors go RIA route after competitor provides help

 Thursday 8.27.09
Barnaby Grist: Big brokerage teams came out of hibernation

Breakaway broker signings rocket ahead in July
Big mood shift has brokers seeking the dotted line to become RIAs as stock market rebounds

 Monday 8.17.09
Nevin Freeman: RIABiz webmaster and tech critic at large

Nevin looks under the NetX360 hood (Part 3 in a 3-article series)
Pershing achieves objectives of giant revamp and leaves room for upgrades

 Friday 8.14.09
Bernie Clark: Clients have "moved on emotionally" from wirehouses

Schwab: Breakaway uptick is part of secular trend (part 1 of 2 in series)
Breakaway pick-up is mere acceleration of awareness

 Tuesday 8.11.09
Matt Lynch: Moving account to Pershing after it "broke down the borders" for hybrids

Two Broker-dealers pick Pershing for hybrid tech after HybridOne comparison [part two of three in a series]
Capital Analysts and First Allied see true melding of hybrid assets at Pershing

 Monday 8.10.09
Suresh Kumar: Black Diamond is best of breed

Black Diamond nabs Pershing account
Relative upstart software provider wins another high-profile account

 Friday 8.7.09
Mark Tibergien: Plays role in marrying RIA and brokerage assets

Pershing puts RIA custody on desktop of thousands of IBD reps (One of three articles in a series)
Pershing makes mini-custodians out of broker-dealers

 Thursday 8.6.09
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