Advisor M&A Growth Is ‘Subplot of a Bigger Story,’ Says Schwab’s Beatty
Record number of 2016 transactions reflects growth of RIA industry and confluence of buyers’ and sellers’ shared search for "durable" businesses.
Fidelity Posts 20% Profit Increase on Modest Revenue Growth in 2016
"Careful cost management" provided $3.5 billion in operating income for the year on a 3.4% rise in revenue to $15.9 billion.
Luis Aguilar, Ron Carson Join Institute for the Fiduciary Standard Advisory Board
Dan Solin and Woodrow Leake were also named to the board featuring John Bogle and Tamar Frankel.
Acquired RIAs Have Become Acquirers: Dave DeVoe
M&A expert says it was a "breakout year" for sub-acquisitions amid record dealmaking among RIAs.
Schwab Cuts Online Trading Costs, Index Mutual Fund Expenses
Equity and ETF commissions cut as CEO Bettinger says “disruptive” actions include a “broadened” money-back guarantee.
Lori Hardwick, ‘Entrepreneur at Heart,’ Ponders Post-Pershing Options
As she leaves her COO role at Pershing, Hardwick says she's intrigued by international possibilities.
Lori Hardwick Leaving COO Position at Pershing
The No. 2 to CEO Lisa Dolly will depart this week after less than a year at the RIA custody and broker-dealer clearing firm.
RIA Buyers Getting More Selective: Fidelity M&A Report
But a “gulf” remains between sellers and buyers on firms’ valuations, says David Canter of Fidelity Custody & Clearing.
The Dangers of Standing Still
Sometimes I think that what we do in these pages, and what you do in your jobs, is all about adapting to change.
FSI Brain Trust Touts Growth; Confident on DOL Rule Delay
Leaders of the IBD group say its recent membership growth and advocacy success give it "more firepower."