RIABiz
RIABiz

Tight with Goldman Sachs and light on debt, ...

Tight with Goldman Sachs and light on debt, ...

August 24, 2024 - Daily Newsletter for RIABiz subscribers

NO EXHALE NEEDED
Peter Mallouk: We are wide open [to bigger deals] there’s no upper limit.
The Creative Planning CEO put Goldman's PFIM under contract one year ago, and merger experts say the firm's exceptional buying power -- low debt and high cash flow -- puts any RIA into play for him.
an hour ago Oisin Breen

Brooke's Note: Keep your friends close and your vampire squids closer. Peter Mallouk seems to have the upper hand in near-future wealth management consolidation as he takes his biggest-in-class RIA, undiluted and un-indebted, and teams up with Goldman Sachs across …

ROLL MODEL
Gaurav Sharma: Working with RIAs is a big priority to us post-raise.
The New York City 401(k)-rollover startup is using 'Plaid' style APIs startups to unlock $1.65 trillion in all-but-forgotten401(k) assets
22 hours ago Lisa Shidler

Brooke's Note: We talk so much about 401k) balances and fiduciary standards, but it's all for naught if investors can't get to the assets – or think it's too futile to try. That's why I have always liked Capitalize and …

LISTING TO PORT
Michael Kitces: The conflation has come, because the reality is that the actual…
First published by the Dow Jones weekly in 2018 with about $200 billion, the robo-advisor assets in the rankings soared 400% by 2024, swelled by a fungible definition that capture giant human RIAs.
Thursday 8.22.24 Oisin Breen

Brooke's Note: The RIA business is awash in ranking lists by editorial publications, and it can be a critical revenue source for those firms – many of whom can be considered RIABiz competitors. Full disclosure: we do not engage in …

LEAD GUITAR
Marcel Tsai made TDA and Schwab systems sing; now he's at TradePMR with Jon Pat…
TradePMR is continuing its Dark Horse play to exploit the TD Ameritrade RIA niche with a foot-in-the-door strategy with big, profitable RIAs seeking to multi-custody outside Schwab Advisor Services
Tuesday 8.20.24 Lisa Shidler

In what one RIA guru calls a “big deal,” TradePMR is bringing together ex-TD Ameritrade (TDA) Veo band members to build out its Fusion advisor workstation.

MOST RECENT ARTICLES
The California entrepreneur is investing in '1099-model' RIA that spun out of Private Advisor Group and has minimized its LPL affiliation and is now barely hybrid
The short and longer-term products out of Malvern, PA. are part of a longer arc and 'fixed income is sort of the final frontier,' Morningstar analyst opined
The InvestCloud founder just landed a big building block for his vison -- an S&P Global spinoff with data for AI to turn into sweet wealth management reports.







This email was sent to [email protected]
why did I get this?    unsubscribe from this list    update subscription preferences
RIABiz, LLC · 90 Throckmorton Ave · Suite 28 · Mill Valley, California 94941 · USA

Prev Newsletter Next Newsletter