Oisin Breen

1 week ago | riabiz.com | Oisin Breen

UBS finally throws in towel on using robo-RIA to incubate investors to feed to its human stockbrokers -- with SigFig a casualty and clients in play SigFig got into business to disrupt Wall Street, then got buoyed by UBS, but now both are part of a long-augured robo shakeout Mike Sha's firm got buoyed for years by UBS. Brooke Southall and Keith Girard contributed to the editing of this article.

1 week 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.

1 week 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.

2 weeks ago | riabiz.com | Oisin Breen

Focus unwinds another RIA hub and adds, again, to Adam B's internal empire• Top SSGA alts exec resigns after fund kerfuffle• SEC and judge deliver one-two ordering Vanguard to pay investors' legal fees The New York City rollup doesn't need six hubs• Shewta Narasimhadevara is leaving SSGA after just five months in her current role• Judge blocks what class accepted, telling lawyers there's a better deal on the table Adam Birenbaum is rolling up his roll-up, after climbing up.

3 weeks ago | riabiz.com | Oisin Breen

Advyzon founder and CEO confirms receiving 'unsolicted' interest from M&A suitors and capital providers, and Charles Schwab Corp has emerged as potential suitor, driven by its RIA side, a source says Hailin Li issued a detailed response to an RIABiz query acknowledging his company causes merger hearts to flutter, but he stands pat: 'not for sale' Hailin Li: Advyzon often gets unsolicited investment inquiries and acquisition offers but is not for sale.