RIABizOpinion

Pershing reveal of 'Wove' kerfuffle during corporate restructuring last June raises questions about the No. 3 RIA custodian's direction; the task now lies with new RIA …

Ainslee Simmonds is out, and 'Wove' with her, as the unit attempts re-set under BNY insert Adam Vos, and Jim Crowley is moved ...
RIABiz

David Solomon eyeing near-term Goldman Sachs CEO exit, reports say, and his heir apparent looks RIA-friendly • DFA search for M&A partner went quiet, and complex …

The vampire squid may soon appoint a CEO with direct experience handling RIAs • DFA is not nearly in fire sale mode ...
RIABiz

Schwab is opening its SMA marketplace to a Houston start-up's 'cash' option that lets advisors chase 7.5% yields on FDIC-insured cash -- with a few wrinkles

The Westlake, Texas RIA custody giant is leery of infringement on its cash management turf, but Save, a niche player that ...
RIABiz

Schwab's Jon Beatty is one custody head offering a port in the storm after Fidelity unmoors its sub-$100M RIAs and Altruist's Jason Wenk , Apex's Bill Capuzzi and Tra…

The head of Charles Schwab's $6-trillion RIA custody unit says his firm already serves 11,000 of these micro-practices -- ...
RIABizOpinion

Merrill Lynch creates hefty new 'data' and 'shelf' fees and offers third-party managers who pay them a leg up when its 'thundering herd' recommends investments – but s…

The New York wirehouse was slow but also benefits as last mover among its peers, analysts explain -- it knows exactly how ...
RIABiz

Fidelity's move to kick sub-$100-million RIAs off its platform is 'bizarre,' Kitces says; it’s likely to backfire, Chalekian says; yet, the Fidelity-Savvy deal last week may ...

The Boston No. 2 RIA custodian shocked the RIA industry. Yes, RIA custody is a ‘broken' model and serving small firms can ...
RIABiz

Pontera 'reframes' itself from 401(k) workaround agent to trusted gatekeeper of AI agents -- possibly solving impasse with Fidelity -- as Schwab unleashes 'Charley,' its new AI ...

Pontera Public Policy Director describes onslaught of demand for 'trust overlay' in a world where AI agents need perpetual rapid vetting where his firm lives.
RIABiz

XY Planning recruiting spikes as RIA M&A refugees flee rollups that dangle downer contracts

Alan Moore (l) and Michael Kitces: An advisor with 75+ million AUM was given 30 days to decide whether to sign new agreements or leave. Key Points XY Planning Network reports record growth as advisors ...
RIABiz

LPL finally stops (largely) Anthropic-fueled stock price skid by confirming 'something big' -- with Anthropic -- a new Morningstar report pounding the table to buy LPL shares ...

LPL Financial shares stabilized after Anthropic executives confirmed an expanded partnership focused on wealth management AI. Anthropic's new agentic AI tools aim to automate complex, regulated tasks ...
RIABiz

Hightower Advisor CEO names two new presidents -- one to revamp the old rollup business, the other to develop the new single-system unit -- both with the objective of kindling ...

Hightower appointed two new presidents to streamline its $350 billion business and eliminate conglomerate valuation discounts. Marco De Freitas joins from Vanguard to oversee operations, technology, ...
RIABiz

Pontera 'reframes' itself from 401(k) workaround agent to trusted gatekeeper of AI agents -- possibly solving impasse with Fidelity -- as Schwab unleashes 'Charley' ag…

Pontera blogger describes onslaught of demand for 'trust overlay' in a world where agents need perpetual rapid vetting where ...
RIABiz

Michael Kitces

Alan Moore and Michael Kitces are setting up solo XYPN shops at a booming, nearly two-a-day rate, and absolutely believe little RIAs have a 'scale' advantage, with nimble beating brute force as much ...