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Ken Fisher will reap staggering sum for small ...

Ken Fisher will reap staggering sum for small ...

June 16, 2024 - Daily Newsletter for RIABiz subscribers

HEALTH AND WEALTH
Ken Fisher: While my health is excellent, this transaction with an atypically l…
The $275-billion Plano, Texas, RIA is selling an estimated 20% stake for $2.5 billion, and Fisher says outsiders can do 'never-yet-done solutions' for the firm.
a minute ago Brooke Southall

Ken Fisher is finally taking some chips off the table but will retain an iron grip on Fisher Investments.

PIPING HOT
Omar Aguilar [Schwab photo]: 'We have the luxury to have amazing distribution c…
The $9.2 trillion, Westlake, Texas, giant told Bloomberg that it'll grow its $1.2 trillion base as much as 20% over the next five to seven years -- countering the wirehouse trend of establishing distance between distribution and investment management channels.
Friday 6.14.24 Brooke Southall

Charles Schwab Corp. is using an old division as a major source of new assets by using the oldest strategy in the brokerage industry to fresh effect.

PERFORMANCE REPORT
Eric Poirier: We see an enormous growth opportunity to serve way more RIAs than…
The software maker oversees more than 25% of all RIA assets, but for only about 2.7% of RIAs -- a gap its hip, young CEO -- now RIA software's senior statesman -- believes he can fix.
Friday 6.14.24 Oisin Breen

Addepar remains on the march as the fastest growing, biggest spending and most dazzling tech firm in the RIA industry – but there is a void yet to fill.

CTO SEARCH IS ON
Jason Wenk: It was a mutual decision.
Shiralker out at Altruist • Orion gives Trevor Noble his cause • Bitcoin has a new fund king • Software maker benefits from Goldman custody exec. churn • Carson Group denies lawsuit • Merge of Wiener's old shop complete • 100,000th CFP named.
Friday 6.7.24 Oisin Breen

Nachiket Shiralkar checked out of Altruist and checked into Hotel Engine, but not before leaving the emerging RIA custodian with a brand known for its digital technology.

MOST RECENT ARTICLES
The buyer, Yext, likes aspects of the San Francisco startup and believes it can apply a quick-fix with AI -- and will reward Hearsay investors with $95 million, if it produces earnings bump.
The reemerging San Francisco super bank will be the first wirehouse-owner to court RIAs openly, though Merrill Lynch's Broadcort and Bear Stearns once operated similar businesses in the shadows.
Burnout and EBITDA weigh on CEO-types as never-ending exits claim Ron Carson, Aaron Klein, Bernie Clark, Rudy Adolf, Bill Crager and Tim Buckley.







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