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

The $29-billion Chicago RIA landed at least 100 millionaires en masse, who just created a 'model' for how to force down RIA ...
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 ...
RIABizOpinion

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 fac…

The Menlo Park, Calif., brokerage is down to about 2,600 people after CEO says the cull was needed to fight back against ...
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

The Malvern giant's CEO will directly oversee Vanguard’s Workplace & Advisor Solutions, as John James, its current head, ...
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

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

To leapfrog ahead in direct indexing, Schwab to buy Motif technology and hire Hardeep Walia and much of his staff

The San Francisco company gets all of the San Mateo firm's algorithms, patents and source code but not the customer assets and 'leverage' of its giant index-investing franchise. Brooke's Note: ...
RIABiz

RIAs remain wirehouse kryptonite in 2024, and by 2027, JP Morgan, Merrill, Wells and UBS will see market share tailspin -- RIAs the obvious culprits, Cerulli data shows

'RIAs' will control nearly one-third of advised assets by 2027, up from 27% today, virtually switching spots with wirehouses in a statistically zero-sum battle for market dominance, Cerulli projects.
RIABiz

Trump Labor Secretary 'applauds' Trump and his executive order to put 'alts' in 401(k)s, but president is overstepping Congress, fiduciary expert says

President Trump has issued an order to give freer rein to RIAs to choose private investments and cryptocurrency for 401(k) accounts without fear of “frivolous” lawsuits, if they technically break ...
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 ...