RIABiz

Vestmark strikes 'standalone-RIA' black gold as (TAMP) AUM leaps past $50-billion -- a five-fold increase -- after critical upgrade triggers T. Rowe Price, BlackRock, Capita…

The Wakefield, Mass., firm has already received $2 trillion of love as an institutional, private-label product, but ability ...
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

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

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

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

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

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

Broker Protocol

Broker protocol door set to slam in face of remaining SVB Private advisors -- belatedly -- after Citizens Bank signs deal to purchase Silicon Valley Bank and its private wealth unit The 11th hour ...
RIABiz

Robinhood's 290 staffing cuts to its 'lean, hyper-focused' trading machine lifts stock, but leaves unanswered whether its RIA custody unit will take a headcount hit or face a ...

Robinhood cut 290 employees to streamline operations, boosting its stock price. The impact of these cuts on Robinhood's RIA custody unit remains unclear. Questions linger about potential platform ...
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

Salim Ramji gets more hands-on at Vanguard by absorbing 401(k) chief duties right after Schwab CEO vows to launch 'workplace' asset offensive

Vanguard CEO Salim Ramji assumes direct oversight of 401(k) and adviser services units. This move signals a strategic focus on the competitive workplace asset gathering market. Vanguard may be ...
RIABiz

Vanguard reassures RIAs (and others) that 'moonshot' SpaceX IPO is still grounded by process as four of its ETFs start soaking up shares as early as next week

Rodney Comegys: 'Fifty years ago, indexing offered investors a simple proposition: participate in the growth of markets without needing to outguess them. That proposition still holds.” Brooke's Note: ...