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Capitalize inks 'deep, multi-year' deals with Schwab, Betterment ...

Capitalize inks 'deep, multi-year' deals with Schwab, Betterment ...

August 23, 2024 - Daily Newsletter for RIABiz subscribers

ROLL MODEL
Gaurav Sharma: Working with RIAs is a big priority to us post-raise.
The New York City 401(k)-rollover startup is using 'Plaid' style APIs startups to unlock $1.65 trillion in all-but-forgotten401(k) assets, then, perhaps, switch from distribution role to account provider.
44 minutes ago Lisa Shidler

Brooke's Note: We talk so much about 401k) balances and fiduciary standards, but it's all for naught if investors can't get to the assets – or think it's too futile to try. That's why I have always liked Capitalize and …

LISTING TO PORT
Michael Kitces: The conflation has come, because the reality is that the actual…
First published by the Dow Jones weekly in 2018 with about $200 billion, the robo-advisor assets in the rankings soared 400% by 2024, swelled by a fungible definition that capture giant human RIAs.
Thursday 8.22.24 Oisin Breen

Brooke's Note: The RIA business is awash in ranking lists by editorial publications, and it can be a critical revenue source for those firms – many of whom can be considered RIABiz competitors. Full disclosure: we do not engage in …

LEAD GUITAR
Marcel Tsai made TDA and Schwab systems sing; now he's at TradePMR with Jon Pat…
TradePMR is continuing its Dark Horse play to exploit the TD Ameritrade RIA niche with a foot-in-the-door strategy with big, profitable RIAs seeking to multi-custody outside Schwab Advisor Services
Tuesday 8.20.24 Lisa Shidler

In what one RIA guru calls a “big deal,” TradePMR is bringing together ex-TD Ameritrade (TDA) Veo band members to build out its Fusion advisor workstation.

SET AND SPIKE
Andy Schwartz: It always ended up the same.
The California entrepreneur is investing in '1099-model' RIA that spun out of Private Advisor Group and has minimized its LPL affiliation and is now barely hybrid
Tuesday 8.20.24 Brooke Southall

Andy Schwartz had grown disillusioned with private equity investors and national brand acquirers. In 2022, he declared a three-year moratorium at his RIA on the “distraction” of any discussions with them.

MOST RECENT ARTICLES
The short and longer-term products out of Malvern, PA. are part of a longer arc and 'fixed income is sort of the final frontier,' Morningstar analyst opined
The InvestCloud founder just landed a big building block for his vison -- an S&P Global spinoff with data for AI to turn into sweet wealth management reports.
The Berwyn, Pa., firm accepted the lower Bain offer ahead of ' Strategic Party A's' sweetened bid because the latter wanted 'several weeks' to procure cash and no part of 'Yodlee' unit







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