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RIABiz

With AI to thank, Canoe Intelligence tripled in ...

With AI to thank, Canoe Intelligence tripled in ...

July 20, 2024 - Daily Newsletter for RIABiz subscribers

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
2 hours ago Oisin Breen

Maybe alternative investments [AI] can finally take off if all the hell of managing, researching and understanding them can be improved – perhaps with the other 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.
20 hours ago Oisin Breen

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

TD TO RESCUE
Walt Bettinger: We want to make sure that we maintain sufficient deposits at ou…
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.
Thursday 7.18.24 Lisa Shidler

Brooke's Note: Schwab is a diverse company, largely split right down the middle with RIA custody on one side and Schwab retail on the other. Yet off to the side in a third orbit is Schwab Bank. All three subsections …

THE LAST WAR
Peter Crawford: We remain focused on continuing to enhance our strong capital l…
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
Tuesday 7.16.24 Brooke Southall

Brooke's Note: I had partially forgotten the extraordinary events of March 2023 that took down Silicon Valley Bank and First Republic Bank and gave Schwab a major headache. Schwab had waved off concerns of lasting effects for over a year. …

MOST RECENT ARTICLES
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.'
The VC-backed RIA stared down legal perils to grab United Capital defectors but is now in 'good shape,' its CEO says, revealing that it grabbed 32 advisors in the past three quarters bringing it to $3 billion AUM
Bain brought in Reverence, which owns Osaic, and a bunch of asset managers to fund the deal it controls, and will appoint a new CEO later this year







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