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JD Vance joins MAGA backers, including mentor Peter ...

JD Vance joins MAGA backers, including mentor Peter ...

July 30, 2024 - Daily Newsletter for RIABiz subscribers

VANCE VENTURE
Matt Cole: We're evaluating acquisitions of existing RIAs and lift outs of team…
The 39 year-old vice presidential candidate's investment into the anti-ESG ETF-maker Strive Asset Management draws him closer to its owner, Ramaswamy, 38
59 minutes ago Oisin Breen

JD Vance, who competed with Vivek Ramaswamy to be Donald Trump's vice presidential running mate, is now joining forces with his former GOP rival to take on the RIA rollup industry.

SWEPT ASIDE
Dan Arnold: In all, we feel good about the strong complement of cash solutions …
Schwab, Morgan Stanley, LPL and Wells Fargo are among the firms feeling the heat and facing the conundrum around overreliance on a chief revenue source.
Saturday 7.27.24 Brooke Southall

Brooke's Note: The most despised payment for services in the wealth management business is a fat sales commission. Next on the list is perhaps any fee that can be identified. Third on the list is the revenue source that has …

DATA CZAR
Leslie Dentinger Norman: We don't want them figuring out financial planning too…
Leslie Dentinger Norman -- more of an RIA process expert than a coding wonk -- is ready to dial in the big Dynasty deliverable, a judicious admixture of bundles, unbundles and data usage based on firm needs
Friday 7.26.24 Lisa Shidler

Brooke's Note: On conference panels during the past 15 years, Shirl Penney could reliably be seen in the company of Elliot Weissbluth, Joe Duran, Rudy Adolf and a host of other entrepreneurs with a similar mission -- helping big RIAs …

OWNER-OUS SIZE
Vanguard CEO Salim Ramji has two 'ownership' issues to confront
The Malvern, Pa., giant follows BlackRock warning that tracking indexes could lose precision or that the fixes -- derivatives or funds -- have their own downside... added expense.
Thursday 7.25.24 Brooke Southall

Brooke's Note: In 2015, Burton Malkiel wrote that we are nowhere near having a problem with so many assets piling into index funds. “Indexing could double from present levels and there would still be plenty of active managers at work,” …

MOST RECENT ARTICLES
Christopher Norton's burst of creativity came aboard a flight when he had nothing but time and the electronic ear of Manish Khatta, his Potomac Funds boss.
Cooper Rey is the biggest loss to date, after handing in his notice Thursday morning, but Goldman also has good news after five recent custody wins.
The Series C raise for the company that does alts drudge work for 100 RIAs -- and others -- shows the tremendous private equity appetite for all things alts distribution -- even if alts themselves continue to lag







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