Brooke Southall

Mill Valley

Founder and Reporter at RIABiz

RIABiz is a journal that covers the advice business coming of age in terms of higher ethics, higher technology, lower prices and a better output.

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Articles

Chuck Schwab stands at Trump's side (literally) and wins President's praise for supporting policies amid tariff fallout, while Schwab's chief investment strategist raises red flags | RIABiz

1 week ago | riabiz.com | Brooke Southall

Chuck Schwab stands at Trump's side (literally) and wins President's praise for supporting policies amid tariff fallout, while Schwab's chief investment strategist raises red flags Schwab co-chair intersects with Trump on policy, business [and golf,] while the company's chief investment officer Liz Ann Sonders has little good to say about government policies right now [Left to right: Scott Bessent, Chuck Schwab and Donald Trump: Charles Schwab been waiting for 40 years for what Trump did over...
Schwab finally launches alts to retail investors with $5 million, five years after initial iCapital deal, but just seven days before its CEO faces Wall Street | RIABiz

2 weeks ago | riabiz.com | Brooke Southall

Schwab finally launches alts to retail investors with $5 million, five years after initial iCapital deal, but just seven days before its CEO faces Wall Street The Westlake, Texas brokerage expresses urgency because 66% of $10-billion in assets are now high-net-worth -- with more than a million millionaires. Keith Girard contributed to the editing of this article.
Never mind near 10% S&P 500 snapback, the Trump tariff war baked in 'enormous wealth destruction,' and it's hardly 'over,' asset managers say

2 weeks ago | riabiz.com | Brooke Southall

Today is so much better than yesterday after stocks rallied on a tariff 'pause,' but it is still a very bad situation; the damage assessment is just starting.
Ken Fisher suggests to RIA client on X to close his account if he thinks he's 'childish' for saying Trump tariffs are 'stupid, wrong, arrogantly extreme' | RIABiz

2 weeks ago | riabiz.com | Brooke Southall |Oisin Breen

The owner and CIO of Fisher Investments was not alarmed as of last week, then changed his tune but still thinks fears over tariffs are overblown.
Cantor Fitzgerald IA CIO sends miidday letter to RIAs with take that reassures on tariffs, and he assures reporter that any aligment with Howard Lutnick is coincidental | RIABiz

3 weeks ago | riabiz.com | Brooke Southall

The note arrived in email boxes after the market collapsed 5% today and promises tariffs were needed and negatively effects should be 'very' short in duration
Commonwealth and LPL CEOs are determined to share bright future after black swan HR event unlocked the opportunity

3 weeks ago | riabiz.com | Brooke Southall

Commonwealth and LPL CEOs are determined to share bright future after black swan HR event unlocked the opportunity Wayne Bloom and Rich Steinmeier both faced hard math after Dan Arnold's shock firing as LPL CEO, but then the numbers started to add up Rich Steinmeier (left) and Wayne Bloom both need Commonwealth to succeed as a standalone brand. Keith Girard contributed to the editing of this article.
Walt Bettinger joining CD&R just four months after Schwab retirement could signal a big deal brewing

3 weeks ago | riabiz.com | Brooke Southall |Oisin Breen

2025 will be the year of 'Under New Management' in RIA business, after 2024 brought profusion of CEO-level fires, hires and deals First seven CEOs were replaced, then myriad big HR dominoes fell as Vanguard, Schwab, Envestnet, InvestCloud, LPL, Cetera and Orion all switched out CEOs and presidentsWalter Bettinger joins Charles Schwab Corp.
LPL CEO claims 'prize' 'anti-LPL' Commonwealth for just $2.7 billion, but the price will rise, experts say, to retain its advisors conditioned to know LPL as a place with subpar service, culture | RIABiz

3 weeks ago | riabiz.com | Brooke Southall

LPL CEO claims 'prize' 'anti-LPL' Commonwealth for just $2.7 billion, but the price will rise, experts say, to retain its advisors conditioned to know LPL as a place with subpar service, culture Only about four months into his job, Rich Steinmeier pulled off a coup, but poachers may smell blood, too. Rich Steinmeier: Commonwealth is respected throughout our industry as a standard-bearer for service excellence. Keith Girard contributed to the editing of this article.
Goldman Sachs custody unit gets coveted foothold with Dynasty Financial, but no assets yet in a move that still threatens Schwab and Fidelity, recruiter says | RIABiz

4 weeks ago | riabiz.com | Brooke Southall

BlackRock, Goldman Sachs will curtail DEI HR outreach to comport with new Trump executive order, but neither signals they want to abandon diverse workforce The world's larget asset manager will subtract racial and gender targets for job interviews but will find new ways to hire candidates that head off 'groupthink.' RIAs keep Goldman Sachs' hopes alive its RIA custody unit will find legs as $55-billion New Edge signs on and Goldman fills vacated No. 2 custody spot Predictions are aging badly...
AssetMark takes on 72% financial advisor flameout rate, which is both worse and not as bad as it sounds for RIA 'entrants,' says Eliza DePardo

1 month ago | riabiz.com | Brooke Southall

Under new owner, AssetMark names new CEO, but Michael Kim is keeping his CEO job, too -- as post-TAMP era draws near, and company gears up for 'aggressive growth' The Concord, Calif., TAMP is adding the second CEO to jack up leadership bandwidth to grow organically and inorganically -- and evolve into a more generalized outsourcer.

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23 Apr 25

Altruist wins 'unsolicited' $152-million raise, including capital from Salesforce, which is midstream 'very deep integration' signalling shift to $1-billion-plus RIAs https://t.co/7MwK4rTRbe

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22 Apr 25

Robinhood's surefire 'RIA' play -- custody and robo-advice -- just got shakier as its 'betting' ambitions go full bore and eight states (blue and red) throw up resistance https://t.co/7mwERJMCZg

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19 Apr 25

Rick Wurster puts hard date on Schwab spot bitcoin launch, after key hire and 400% surge in visits to its 'crypto site,' but isn't pulling down crypto red flags quite yet https://t.co/IMjG2FXcV5

Brooke Southall

Articles

Chuck Schwab stands at Trump's side (literally) and wins President's praise for supporting policies amid tariff fallout, while Schwab's chief investment strategist raises red flags | RIABiz

Schwab finally launches alts to retail investors with $5 million, five years after initial iCapital deal, but just seven days before its CEO faces Wall Street | RIABiz

Never mind near 10% S&P 500 snapback, the Trump tariff war baked in 'enormous wealth destruction,' and it's hardly 'over,' asset managers say

Ken Fisher suggests to RIA client on X to close his account if he thinks he's 'childish' for saying Trump tariffs are 'stupid, wrong, arrogantly extreme' | RIABiz

Cantor Fitzgerald IA CIO sends miidday letter to RIAs with take that reassures on tariffs, and he assures reporter that any aligment with Howard Lutnick is coincidental | RIABiz

Commonwealth and LPL CEOs are determined to share bright future after black swan HR event unlocked the opportunity

Walt Bettinger joining CD&R just four months after Schwab retirement could signal a big deal brewing

LPL CEO claims 'prize' 'anti-LPL' Commonwealth for just $2.7 billion, but the price will rise, experts say, to retain its advisors conditioned to know LPL as a place with subpar service, culture | RIABiz

Goldman Sachs custody unit gets coveted foothold with Dynasty Financial, but no assets yet in a move that still threatens Schwab and Fidelity, recruiter says | RIABiz

AssetMark takes on 72% financial advisor flameout rate, which is both worse and not as bad as it sounds for RIA 'entrants,' says Eliza DePardo

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