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CAIS memo about fee cuts raises hackles by ...

CAIS memo about fee cuts raises hackles by ...

July 03, 2024 - Daily Newsletter for RIABiz subscribers

PLEA DEAL
Matt Brown: If adopted broadly, this change in fees could save end-investors hu…
Matt Brown, CEO of alts platform, promises to bring feeder-fund access fees down to five basis points in some cases -- but needs broader help.
3 hours ago Brooke Southall and Oisin Breen

Matt Brown is lowering fees and raising hackles.

RETRO-CHIC
Natalie Wolfsen: I do believe this is a shift.
Eight months into her reign as CEO at the Omaha-based RIA software and investments powerhouse, Wolfsen is unleashing standalone rebalancing and risk software and tailoring pricing and service levels to match customer needs
Tuesday 7.2.24 Brooke Southall

Orion Advisor Solutions hired Natalie Wolfsen to solve how to make a series of acquisitions function as a single well-oiled machine with its existing enterprises.

NEW MOVES
Betterment's New York City offices
Betterment is also bending to RIA needs • Wealthfront is in the black, thanks to cash • Altruist reveals where it makes its money • Rise, Wealthspire and Ascensus each add two executives • Compound hits $2 billion of AUM • CAIS slashes alts prices • BlackRock ups private debt sales to RIAs, through GeoWealth.
Saturday 6.29.24 Oisin Breen

The Securities and Exchange Commission (SEC) just agreed to pay at least two Betterment whistleblowers $2.5 million.

THREE-DIMENSIONAL
Kaitlin Hendrix: We have the expertise.
Dimensional Fund Advisors has traditionally targeted big RIAs and TAMPs but growth rate and margins have shrunk and this in-house TAMP play could help address both
Friday 6.28.24 Brooke Southall and Oisin Breen

Dimensional Fund Advisors (DFA) has long been the meat in the TAMP sandwich, but now it's ready to be Subway – the better to address smaller RIAs and to compete with turnkey asset managers.

MOST RECENT ARTICLES
State Street is still working on finishing touches but is building on its momentum after leaping from seventh to third in retirement asset management
The West Palm Beach, Fla., TAMP had the Chicago company as a white knight customer and VC backer but the vendor relationship might be in peril, analysts say
Morningstar nets a cash windfall, a better distribution deal, and it reduces conflicts with its clients, but SMArtX is the likely loser, which will no longer administer Morningstar's TAMP assets.







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