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

Fielding Miller calls on Mike Wunderli at 'inflection point' after CAPTRUST zoomed to $1 trillion but needs M&A energy injection to hit $2 trillion

3 weeks ago | riabiz.com | Brooke Southall |Rogers Crowley

Fielding Miller calls on Mike Wunderli at 'inflection point' after CAPTRUST zoomed to $1 trillion but needs M&A energy injection to hit $2 trillion The CAPTRUST CEO's firm dominated the 401(k) RIA rollup game for a decade, and LA dealmaker's hire comes as the market has changed to higher multiples and more determined rivals. Mike Wunderli: I’ve seen how the industry’s top acquirers have evolved. Keith Girard contributed to the editing of this article.
Focus Financial breaks deal drought and kills off 'hub' model by merging $10-billion West Coast acquisition with Boston super hub

3 weeks ago | riabiz.com | Brooke Southall

Focus Financial breaks deal drought and kills off 'hub' model by merging $10-billion West Coast acquisition with Boston super hub With $175-billion, Focus Wealth Partners is dominating M&A mojo, transition 'vernacular' and decentralization is out the window as Focus starts buying again with a vengeance. Fred Fern: Finally selling after founding his firm in 1963. Keith Girard contributed to the editing of this article.
Envestnet drops plan -- for now -- to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout | RIABiz

1 month ago | riabiz.com | Brooke Southall |Oisin Breen

Envestnet drops plan -- for now -- to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout New CEO Chris Todd promises technology, solutions, insights and partnership with custodians, also including Goldman Sachs, Altruist and Axos Chris Todd: We have the infrastructure to continue to lean in and develop the products and solutions advisors need. Keith Girard contributed to the editing of this article.
Envestnet drops plan to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout | RIABiz

1 month ago | riabiz.com | Brooke Southall |Oisin Breen

Envestnet drops plan to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout New CEO Chris Todd promises technology, solutions, insights and partnership with custodians, also including Goldman Sachs, Altruist and Axos Chris Todd: We have the infrastructure to continue to lean in and develop the products and solutions advisors need. Keith Girard contributed to the editing of this article.
Schwab's 'superhighway' project could supercharge RIA business, yet fees elicit sticker shock and its leap to RIA 'support' channel may test critical alliances | RIABiz

1 month ago | riabiz.com | Brooke Southall

Schwab's 'superhighway' project could supercharge RIA business, yet fees elicit sticker shock and its leap to RIA 'support' channel may test critical alliances Schwab's 'ProDirect' is aimed at winning sub-$300-million stockbrokers, possibly from IBDs, but a whole world of symbiotic networks may feel the heat of competition from their RIA custodian Brad Losson: ‘We want to create not just a path but a superhighway to independence. Keith Girard contributed to the editing of this article.
Fidelity piloted 'free-money' 401(k) matches for eight years before going live last year; now Schwab is 'bolting-on' a third-party gizmo and imitating its rival with the launch of its own program | RIABiz

1 month ago | riabiz.com | Brooke Southall |Rogers Crowley

Fidelity piloted 'free-money' 401(k) matches for eight years before going live last year; now Schwab is 'bolting-on' a third-party gizmo and imitating its rival with the launch of its own program Big 401(k) recordkeepers are racing to avail plan participants of billions in cash employers are eager to funnel to them under new scheme unlocked by the SECURE Act 2.0 Louis Harvey: ‘Fidelity adds value for employers that translates into profits.’Keith Girard contributed to the editing of this article.
Addepar finally confirms massive 'G' raise months past closing, but with terms intact and previously unnamed PE firm as co-lead; analyst calls it 'positive sign' | RIABiz

1 month ago | riabiz.com | Brooke Southall

Addepar finally confirms massive 'G' raise months past closing, but with terms intact and previously unnamed PE firm as co-lead; analyst calls it 'positive sign' The Mountain View, Calif. firm had the $230 million lined up in January, expected to announce late February, but broke the news today. Eric Poirier: Our focus has been on building a unified platform. Keith Girard contributed to the editing of this article.
Vanguard's and Blackstone's plan to bring 'alts' to the masses revealed in SEC filing, but protagonists take passive role, leading analyst to brand the new fund a 'dud' | RIABiz

1 month ago | riabiz.com | Brooke Southall

Vanguard's and Blackstone's plan to bring 'alts' to the masses revealed in SEC filing, but protagonists take passive role, leading analyst to brand the new fund a 'dud' Industry analysts expected much more after Vanguard CEO Salim Ramji and Blackstone president and chief operating officer Jon Gray did a joint video, brimming with promise. Dan Sotiroff: It begs the question: What is Vanguard's role in the collaboration? Keith Girard contributed to the editing of this article.
Vanguard's and Blackstone's plan to bring 'alts' to the masses revealed in SEC filing, but 'alpha dogs' take passive role, leading analyst to brand the new fund a 'dud' | RIABiz

1 month ago | riabiz.com | Brooke Southall

Vanguard's and Blackstone's plan to bring 'alts' to the masses revealed in SEC filing, but 'alpha dogs' take passive role, leading analyst to brand the new fund a 'dud' Industry analysts expected much more after Vanguard CEO Salim Ramji and Blackstone CEO Jonathan Davis did a joint video, brimming with promise. Dan Sotiroff: It begs the question: What is Vanguard's role in the collaboration? Keith Girard contributed to the editing of this article.
LPL shares surge on earnings beat; Commonwealth deal, 'tracking towards 90% retention' keeps firm on path to be 'best in wealth management'

1 month ago | riabiz.com | Brooke Southall

LPL shares surge on earnings beat; Commonwealth deal, 'tracking towards 90% retention' keeps firm on path to be 'best in wealth management' CEO Rich Steinmeier delivers first-quarter results -- good early signs on retaining Commonweath advisors -- that please Wall Street analysts and investors but he wants more. Much more. Rich Steinmeier: We are still in the early innings of the retention effort. Keith Girard contributed to the editing of this article.

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In part to re-create the RIA version of the 'HOV,' Dynasty Financial refreshes plan for power-HQ to woo Wall Street brokers into becoming RIAs https://t.co/W4MHCvVJHY

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After Chime IPO success, Wealthfront quickly files for its own -- on strength of bank deposit growth -- as its RIA managed assets slip sideways and the bitter taste of its failed UBS deal lingers https://t.co/Lnu67DcrLn

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Envestnet is offloading Yodlee to private equity buyer back in Silicon Valley https://t.co/MmbnuyS5Y7

Brooke Southall

Articles

Fielding Miller calls on Mike Wunderli at 'inflection point' after CAPTRUST zoomed to $1 trillion but needs M&A energy injection to hit $2 trillion

Focus Financial breaks deal drought and kills off 'hub' model by merging $10-billion West Coast acquisition with Boston super hub

Envestnet drops plan -- for now -- to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout | RIABiz

Envestnet drops plan to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout | RIABiz

Schwab's 'superhighway' project could supercharge RIA business, yet fees elicit sticker shock and its leap to RIA 'support' channel may test critical alliances | RIABiz

Fidelity piloted 'free-money' 401(k) matches for eight years before going live last year; now Schwab is 'bolting-on' a third-party gizmo and imitating its rival with the launch of its own program | RIABiz

Addepar finally confirms massive 'G' raise months past closing, but with terms intact and previously unnamed PE firm as co-lead; analyst calls it 'positive sign' | RIABiz

Vanguard's and Blackstone's plan to bring 'alts' to the masses revealed in SEC filing, but protagonists take passive role, leading analyst to brand the new fund a 'dud' | RIABiz

Vanguard's and Blackstone's plan to bring 'alts' to the masses revealed in SEC filing, but 'alpha dogs' take passive role, leading analyst to brand the new fund a 'dud' | RIABiz

LPL shares surge on earnings beat; Commonwealth deal, 'tracking towards 90% retention' keeps firm on path to be 'best in wealth management'

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