RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

As Principal takes RobustWealth reins, the looming question is whether it follows the Northwestern-LearnVest script, which had a depressing final scene

The disparity in size, culture, locale and tenure between the $1 billion AUA robo and the $673 billion financial titan, makes the marriage an interesting case study

Author Oisin Breen September 6, 2018 at 7:55 PM
Admin:
no description available
Mike Kerins: Going it alone as a VC-backed firm scared me as I didn't have that part of the vision.

Brian Murphy

Brian Murphy

September 6, 2018 — 10:15 PM
RobustWealth's CEO tells me all I need to know - "Going it alone as a VC-backed firm scared me as I didn't have that part of the vision. I couldn't do it without a firm like Principal, and then they fell into our lap!" DOA. I'm amazed that none of these robo's has figured out a sound business model / distribution strategy yet.

Related Moves

How Edelman Financial Engines spin-off deal became a RetireOne engine that's heating up the RIA annuity game again

The fee-based annuities marketplace of Aria Retirement Solutions adds Edelman's broker-dealer, 6,000 clients, 'hundreds of millions' in client assets and an old hand

November 20, 2019 at 10:19 PM


Mentioned in this article:

RetireOne
Consulting Firm, Specialized Breakaway Service, Insurance
Top Executive: David Stone



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo