RIABiz

Acorns' new ploy – a kiddie advisory board – draws analyst scoffs and plaudits, as Trump accounts touch off rush to siphon rollovers from Trump-favored Robinhood …

Giants Fidelity, Schwab, Vanguard and Empower are enticing small investors with perks, programs, but Acorns says kids are the ...
RIABiz

Pontera turns to Washington insiders in a backdoor plan to shake loose Fidelity's file-sharing ban, after '401(k) king' slapped down its 'frontal assault,' that accused ...

The feisty New York City tech company is building bridges with RIAs, state regulators and Orion in a soft power play, ...
RIABiz

Vanguard inks 'unthinkable' deal that makes rival T. Rowe Price a subadvisor on three funds after quants flame out, even though it'll raise fees for the human touch

Vanguard was fed up with subpar returns on active funds and T. Rowe is tired of outflows and the resulting increase in the ...
RIABiz

Under cover of a holiday weekend, two 'risky' Schwab stories break; RIAs get a shorter leash, again, on long-short funds, and retail investors get unleashed to ente…

CEO Rick Wurster has taken principled stand against gambling but he admits he may need to thread a needle because markets ...
RIABiz

Salesforce tries to catch up on AI -- and halt precipitous stock slide -- with launch of 'Agentic Advisor' for RIAs, but experts are raising a litany of concerns from costs, to ...

Wall Street's punching bag of late, the San Francisco firm is rolling the dice that it can get RIAs to re-up on AI with a new ...
RIABiz

Hightower loses newly hired president but it brims with 'Signature' talent -- Penny Phillips, Randy Bullard and Gurinder Ahluwahlia -- and it promises a 'near-future,' re…

Roberto Stewart is out at the Chicago rollup, which is multitasking a revamp and a sale through Goldman Sachs under pressure ...
RIABiz

An RIA is stripping out software from $1 billion-plus of acquisitions -- with a new $48.5 million raise and sky-high praise -- but critics say Arca Wealth mostly has a new ...

The New York City startup unveiled itself yesterday as an all-in, 'AI-native,' wunderkind that is in the process of 'removing' applications and shedding its old Schwab custody and robo-investing ties ...
RIABiz

Envestnet finally may dump Yodlee, says a Bloomberg report, but either way it remains a 'wasting' asset as regulators crack down, an analyst says

Bill Crager: Our industry's ability to deliver greater advice required an automated connected technology platform. Key Points Envestnet may sell Yodlee after years of struggles, aiming to raise ...
RIABiz

Choreo may win up to $5 billion of SpaceX IPO wealth by bulk sale but likely made a devil's bargain -- a low fee for a high-maintenance clientele, analyst says

Ed O'Gorman: It now exists as a proven model – and once a model works in wealth management, it tends to spread. Choreo pulled off a headline-grabbing coup by winning as much as $5 billion overnight ...
RIABiz

Schwab drops bomb that four Schwab Wealth Advisory branches were in pilot, succeeded wildly, and now -- boom -- 30 SWA offices will be up and running by 2027 as 'core' offering ...

Schwab launches 30 new wealth advisory branches by 2027. Pilot program success drives Schwab's aggressive physical expansion. RIAs face direct competition from their custodian. Schwab's move signals a ...
RIABiz

Goldman Sachs CEO's taste for sleek private jets runs into flak as cost cutting sweeps the bank and shareholder advocates oppose $80 million retention bonuses each for two top ...

David Solomon jets around the world -- and to his luxury Bahamas retreat -- on a $70 million Gulfstream G650ER, one of two Goldman private planes. Brooke's Note: When RIA culture stands alone, it's ...
RIABiz

Schwab and Fidelity halt of BlackRock's money-market fund ETF trades was no shock nor was it a straightforward series of events -- or explanations

Byan Armour: Don’t mess with cash management. Brooke's Note: The beauty of being a third-party asset manager like BlackRock is that you can skip all that overhead and managerial complexity associated ...