RIABiz
RIABiz

The true story behind paying a small fortune ...

The true story behind paying a small fortune ...

July 24, 2024 - Daily Newsletter for RIABiz subscribers

PICKUP LINE
Chris Norton: While ‘Potomac’ didn’t say much about who we are, it did have nea…
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.

Brooke's Note: If you were flying back from Scotland after your wedding, you would have done the same thing – written a column for RIABiz about the rationale behind paying a minor king's ransom for a domain name. It was …

CUSTODY CONUNDRUM
Goldman RIA custody head Adam Siegler must now find a new No. 2.
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.
Tuesday 7.23.24 Oisin Breen

Cooper Rey is out at Goldman Sachs Advisor Solutions (GSAS), becoming the latest and highest profile departure at the fledgling RIA custodian, RIABiz has learned.

RUNNING THE RAPIDS
Jason Eiswerth: We were not in a position where we needed to raise funds out of…
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
Friday 7.19.24 Oisin Breen

Maybe alternative investments can finally take off if all the hell of managing, researching and understanding them can be improved – perhaps with AI [artificial intelligence], as a great catalyst.

FROM LAU TO OMAHA
David Lau: The largest RIAs in the industry are beginning to utilize our techno…
Carson case develops • After taking 58 months to sell its first $1 billion of annuities, DPL did its third billion in six months • Potomac's Christopher Norton promises to show fun side of RIAs and thanks F-word (fiduciary) video ban • SSGA has a new COO.
Friday 7.19.24 Oisin Breen

What happens in the RIA press doesn't always stay there, though news moves slowly in Omaha.

MOST RECENT ARTICLES
The Westlake, Texas giant's shares fell 5.4% today after plummeting 10% yesterday; analyst see the bank's risk retreat as a concession the March 2023 interest rate crisis has done 'permanent' damage.
Morningstar calls Schwab's capital ratio increase from 2022 'great,' but test doesn't account for factors that sank Schwab stock during 2023 collapse of Silicon Valley and First Republic banks
Cohen just added four part-time hires to help shoulder growth at his firm, which has no account minimums and a mission to 'help everyone.'







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