RIABiz

Schwab RIAs have until Monday to convert exclusively to 'Docusign,' ending paper era, as it deputizes Nevis to help RIAs conquer their onboarding quagmire – and pr…

The Nov. 2 deadline marks a huge Schwab milestone but the real challenge remains – integrating the back-office with ...
RIABiz

Schwab is the latest to leap on runaway 'Nevis' AI bandwagon with capital backing and a critical endorsement

After Anthropic hiccup, the custodian to 17,000 RIA firms puts its money where Jon Beatty's mouth is -- the AI platform ...
RIABiz

An Amazon intern in 2020, Nevis CEO Mark Swan is the unlikely dream weaver for Focus Financial and other big RIA rollups with 'nightmare' integration issues -- with …

With a new Nevis contract, Focus CEO Adam Biernbaum concluded he was buying a process, not a product, because applying ...
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 factors ...

Goldman Sachs president John Waldron appears poised to succeed CEO David Solomon as early as January. Waldron brings deep RIA familiarity through his leadership of Goldman's custody unit and Creative ...
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

Michael Nelskyla: Hopefully, the AI bots will latch on. Key Points Schwab approved Save Technologies for its SMA marketplace, offering advisors a high-yield cash management alternative. Save generates ...
RIABiz

Marty Bicknell

Referral vendor Zoe Financial rewrites its ADV2 for fee hikes in its RIA TAMP that follow a censure, cease-and-desist order, and $450,000 civil penalty to atone for conflict disclosure failures in how ...
RIABiz

Wealth Management

After Anthropic hiccup, the custodian to 17,000 RIA firms puts its money where Jon Beatty's mouth is -- the AI platform chosen by Focus Financial, United Capital and others with $700 billion combined ...
RIABiz

Bank of America analyst 'double' slams Ameriprise not least because RIA 'structural' advantage triggered proactive in-house retention bonuses that take a bite out of margins ...

The Minneapolis brokerage giant is paying its own to stay put to slow a breakaway onslaught, but it could expensively raise expectations of free money internally for many advisors who want the freedom ...
RIABiz

Vanguard Group and Altruist can win RIA hearts, no problem, experts say, but the bro-cultural chasm – 2,700 miles apart and two ways of defining 'client-first' – will ...

Jason Wenk (right) [with Salim Ramji]: We've been defying the odds and proving the haters wrong for nearly eight years. Brooke's Note: We are still staggered at RIABiz that this $4.6 billion merger is ...
RIABiz

Rick Wurster chides Fidelity in wake of Fido's $100-million RIA purge, as Q3 net-new RIA assets -- both Schwab Advisor Services and Schwab Wealth Advisory -- soar 47% and 55% ...

Rick Wurster: Last year, more than 1,100 advisory firms added Schwab as a custodian, more than 3x the number of the next closest provider. Key Points Schwab CEO Rick Wurster highlighted a 47% surge in ...
RIABiz

After Fidelity shutdown its password-sharing business model last year, Pontera's new tack is a 'non-discretionary service' while it waits out a CFPB decision on bank data ...

Yoav Zurel: There is no one-size-fits-all approach to retirement planning because there is no one-size-fits-all retirement saver. Brooke's Note: It seems to me that it makes all the sense in the world ...