RIABiz

RIABIZ INTERVIEW: Jason Wenk tells RIABiz one big unnoticed reason why he sold to Vanguard, and the Bogle-ish scenario he envisions for his eventual departure decad…

The Altruist CEO and founder saw myriad conflicts in being acquired by a public company -- a problem for a company called ...
RIABizOpinion

After dominating Forbes rankings for years, Morgan Stanley suspends participation over $6-million editor scandal -- forcing RIAs and wirehouses to weigh whether 'ren…

The New York City wirehouse seems to be alarmed by an unanswered question critics ask: How were Randall Lane's offenses bad ...
RIABizOpinion

Wells Fargo follows Morgan Stanley out the door, prompting Forbes and Shook to freeze all 2026 advisor rankings amid fallout from $6-million editor payout

The national business publication and its third-party list-researcher lost tow of four 'wireshouses' and called time to ...
RIABiz

Wild weekend brings rapid-fire legal settlements, admissions, explanations, threats, and a New York Times follow-up to Forbes rankings blow-up after Morgan Stanley …

With the roof ready to collapse on the whole advisor rankings industry, R.J. Shook disclosed that indeed his payment to a ...
RIABiz

Charles Schwab & Co. took out full-page WSJ ad promising to 'hire thousands more financial consultants' last week; this week it said RIAs will no longer receive sub-$5-million ...

Schwab will feed its wealth manager all sub-$5 million leads starting 2027, and consoled RIAs by promising skyrocketing $10-million and $25-million referrals will keep coming their way.
RIABiz

Salim Ramji (strategically) bends to the will of RIAs by allowing them latitude to remodel Vanguard model portfolios and let three favorite RIA partners -- Orion, Black Diamond ...

Vanguard CEO Salim Ramji now permits RIAs to customize model portfolios by replacing house funds with third-party managers. Strategic partnerships with Orion, Black Diamond, and Vestmark facilitate ...
RIABiz

Will Trout

Vanguard struck with Altruist take-out after Schwab (and Fidelity) zapped it with ETF 'platform' fees, lightning bolts that clearly woke a sleeping monster that could redraw the competitive landscape ...
RIABiz

CAIS lands $170-million from Vista Equity at $2-billion valuation, double the last raise, but amount rekindles questions about whether private equity firms pay premium for ...

The New York City alts marketplace has raised half the sum at double the rate of four years ago, but it can point to growing RIA adoption to justify the valuation -- even if it's still burning cash ...
RIABiz

Cerulli reveals giant leak in RIA assets, and Mark Tibergien explains why plugging a hole draining the Boomer 'Great Wealth Transfer' may be a harder than ever

Mark Tibergien: 'Several of my friends have been on real spending benders lately.' Brooke's Note: Any RIA industry success story would have to note two giant tailwinds. One of them is the tireless ...
RIABiz

Rick Wurster insists Schwab won't charge RIAs custody fees or roll out AI cash optimizers, but Compass Point analysts say a 'Costco'-style fee for agentic cash-sorting could ...

Compass Point analysts suggest Schwab could launch subscription-based AI cash-sorting tools to replace lost sweep revenue. Subscription fees for agentic cash sorting may boost Schwab’s stock price to ...
RIABiz

Altruist promises 'NASA-like precision' with sweep-cash funded margin loans, aiming to solve the tax-aware long-short SMA bottleneck frustrating RIAs at Schwab and Fidelity

Altruist launches an in-house margin lending network to undercut Schwab and Fidelity on loan rates. RIA sweep balances provide the capital source, allowing Altruist to offer significantly lower ...