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DFA reaches out to small RIAs as it's ...

DFA reaches out to small RIAs as it's ...

June 28, 2024 - Daily Newsletter for RIABiz subscribers

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
16 minutes ago 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.

ANNUITIES ON BOARD
Brendan Curran: 'Our key business has quite a bit of momentum behind it.'
State Street is still working on finishing touches but is building on its momentum after leaping from seventh to third in retirement asset management
Thursday 6.27.24 Lisa Shidler

Fast-rising State Street Global Advisors is starting to turn BlackRock's annuity wrapped with target-date-funds into a trend with the “next generation” of its "IncomeWise" offering.

GETTING SMART
Dan Phillips [Northern Trust photo]: I’m excited to be a part of the rapidly ev…
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
Wednesday 6.26.24 Brooke Southall and Rogers Crowley

Just a day after Morningstar reported deal news that could subtract $12 billion from SMArtX's AUA, the West Palm Beach software company issued its own release about a big-time hire to lead it to smarter pastures.

QUICK PUNT
Daniel Needham: Our strategy is always a thesis.
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.
Monday 6.24.24 Oisin Breen

Morningstar's eye-opening sale of its TAMP's $12-billion book of business to AssetMark signals the end of a two-year run at cobbling together software and research into a TAMP for RIAs and IBD reps.

MOST RECENT ARTICLES
Members are broadening the business model, with her blessing; Garrett will retain a board seat and focus on raising fruits and vegetables on her Arkansas farm
Investors who 'excessively rely' on telephone calls may first face longer hold times and pay fees for overburdening call centers after the $9-trillion manager amended its brokerage compact with new terms
The founder, owner and chair of the $275-billion AUM firm continues a trend where top owner-operator RIA players are still in control.







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