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Publicly traded 'RIA' stocks are having a banner 2017

Wall Street is loving shares of Schwab, Envestnet, Morningstar and LPL

Author Brooke Southall December 8, 2017 at 12:28 AM
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Jud Bergman's Envestnet has seen a spectacular rebound in its share price since early 2016.

Jeff Spears

Jeff Spears

December 8, 2017 — 3:18 PM
Looks like the best investment is in picks and shovels for independent advisors.
Bob

Bob

December 9, 2017 — 1:55 AM
I would temper the exuberance these businesses are a “levered play on the markets”, it shouldn’t astonish to see this type of share price performance in a year when the S&P 500 is up ~ 20%. To see these type of share gains in a “flat and fat” period (lower stock market returns w/ higher volatility) you have to demonstrate credible growth drivers independent of broader market, and healthy margins / profitability…This is a significant challenge for RIAs, independents, and countless other businesses across financial svcs

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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law

Envestnet Inc
TAMP
Top Executive: Jud Bergman

Morningstar, Inc.
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Top Executive: Joe Mansueto



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