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TradePMR brings on four more ex-TDA Apex executives ...

TradePMR brings on four more ex-TDA Apex executives ...

August 21, 2024 - Daily Newsletter for RIABiz subscribers

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.

SET AND SPIKE
Andy Schwartz: It always ended up the same.
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
Tuesday 8.20.24 Brooke Southall

Andy Schwartz had grown disillusioned with private equity investors and national brand acquirers. In 2022, he declared a three-year moratorium at his RIA on the “distraction” of any discussions with them.

MUNI SHOT
Justin Schwartz: Advisors are getting more tactical with asset allocation shift…
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
Saturday 8.17.24 Brooke Southall

Brooke's Note: Stock-and-bond portfolios are making a comeback because, lo and behold, bonds are making a comeback, even municipal bonds. Stocks never went away. Bonds, sort of, did. We even had to endure arguments that alternative investments were – by …

UN-CLOUDED VISION
John Wise: Clients will expect to get written summaries.
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.
Friday 8.16.24 Brooke Southall

John Wise is back in the RIA spotlight some 15 months after leaving InvestCloud, with new backing, a new vision, a new venture, a new brand and the same end-consumer – wealth managers.

MOST RECENT ARTICLES
The Berwyn, Pa., firm accepted the lower Bain offer ahead of ' Strategic Party A's' sweetened bid because the latter wanted 'several weeks' to procure cash and no part of 'Yodlee' unit
Envestnet has now written off 48.6% of the $590 million it spent buying Yodlee in 2015, after unit failed to meet expectations as standalone data purveyor or internal 'wellness' engine.
The Canvas principal swooped in, she says, because Savvy is best positioned to leverage AI -- but will need her firm's cash to maximiize its efforts.







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