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Articles tagged "NestWise"


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Scott Smith: I don't think the goal for them is to fight Wealthfront.

With BlackRock ahead and blue ocean behind, LPL finds its robo comfort zone

With the 150 basis-point-plus price of Guided Wealth Portfolios, LPL's robo plan doesn't look so robo, except for the onboarding

April 15, 2016 at 7:59 PM

Ryan Parker was brought over to LPL from Russell Investments and now heads its robo efforts.

LPL unveils BlackRock's FutureAdvisor as its robo partner -- albeit with LPL model portfolios

After Nestwise dropped off the twig, then crickets, then a secret pilot launch, LPL announces that robo FutureAdvisor gets the nod

April 13, 2016 at 6:15 PM

Mark Casady: I think one or two of these robo-advisors will survive.

Mark Casady settles the question of whether LPL will start its own robo-advisor

In the wake of the aborted NestWise effort and a quieter robo rollout by his firm, the LPL Financial CEO doesn't buy the economics of the opportunity

February 26, 2015 at 12:15 AM

Ken Fisher has been trying to tell anyone who would listen.

The documented RIA threat, 'phono-advisors' and their nearly $300 billion of assets

Not much romantic about call center-based advisors but under banners like Vanguard, Fisher Investments or Merrill Edge, they are a force to be reckoned with

September 12, 2014 at 5:06 AM

Andrew Ghezzi: The most sensitive issue, hands down, was how to convey trust in an online environment.

A departing NestWise advisor tells what he learned from the whole experience

Andrew Ghezzi's experience with the mass-market, online entity was a pleasant surprise, but it was troubling that he was winning clients largely in proportion to their physical proximity to Boston

October 29, 2013 at 4:57 PM

Esther Stearns:  I remain committed to that mission.

Why exactly LPL Financial nixed NestWise and how OSJs, once again, may be wagging the big dog

The event is eerily similar to BloombergBlack's full stop, one analyst says, but LPL's story has its own twists, it seems

September 3, 2013 at 5:36 PM

Dan Arnold: Now that our footprint's in place [we're] moving into the third phase of our strategy in 2013.

LPL to Wall Street types: We're in phase three

At a Merrill Lynch forum, the IBD's CFO explains that Phase I was the mass accumulation of advisors and Phase 2 was about RIA-ification

May 20, 2013 at 2:47 PM

Bill Dwyer is at peace with his decision to leave -- and it was his decision, according to John Hyland.

LPL's Bill Dwyer decides to call it quits and Robert Moore is taking over his duties

The make-it-happen statesman salesman atop a B2B selling scheme cedes control to a Mark Casady favorite

March 1, 2013 at 7:08 AM

Esther Stearns: We are not really recruiting advisors in the sense LPL does. We're training them to become good advisors.

NestWise is starting to take shape and take flight under LPL's wing -- and from under Schwab's shadow

The San Fran-based venture, headed by a former Schwabie, is pioneering technology, mass-affluent retainers and choice of labor pool, for starters

February 13, 2013 at 5:44 AM

Kent Smetters: One of the pain points of a TAMP is that it takes so long to put together a plan.

LPL Financial rolls up an unusual RIA to use as a cornerstone of its TAMP-like mass-market venture

The big broker-dealer is buying Veritat Advisors, renaming it NestWise, and using a Wharton professor's technology to crack the case of managing multi-hundred-client practices

July 10, 2012 at 2:32 PM

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