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Sheryl Garrett, a financial planning pioneer, sells her ...

Sheryl Garrett, a financial planning pioneer, sells her ...

June 21, 2024 - Daily Newsletter for RIABiz subscribers

THEN LIFE HAPPENED
Sheryl Garrett: I got called an idiot.
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
26 minutes ago Lisa Shidler

Sheryl Garrett has just sold the Garrett Planning Network (GPN) while saving her soul, which has been severely tested by tragedy for the past eight years.

TRIAL BY FIRING
Vanguard's Buckley is exiting as CEO right as draconian new anti-phone policies…
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
Wednesday 6.19.24 Oisin Breen

Brooke's Note: My guess is that this gobsmacking set of legal clauses in the new Vanguard contract will, in retrospect, be the high point of the seeming absurdity at the grand old Malvern, Pa., fund company. The provisions, especially No. …

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.
Sunday 6.16.24 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.

MOST RECENT ARTICLES
The founder, owner and chair of the $275-billion AUM firm continues a trend where top owner-operator RIA players are still in control.
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.
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.







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