Pilot raised more than $9 billion last year along with hopes for more direct-to-consumer fund sales.
Deal making will undergo a change fueled by new technology but the most powerful approach will integrate technology and human consulting.
The firm's focus on cost-conscious, fee-based advisers has been a winning strategy.
Wirehouse lost advisers managing $18.6 billion in 2014; veteran brokers blame Bank of America's 'fire first and ask questions later' mentality and expiration of retention deals. <i>(See also: <a href="http://www.investmentnews.com/section/video?playerType=INTV&bctid=3966545534001&date=20141231" target="_blank">How wirehouses will strike back against breakaways</a>)</i>
Jacob Cooper's RIA used investor money to settle a prior SEC complaint and fight a class action claim from investors, the regulator alleges. <b><i>(Don't miss: <a href="http://www.investmentnews.com/gallery/20141231/FREE/123109999/PH" target="_blank">Most outlandish regulatory blunders of 2014</a>)</i></b>
The old guard of wealth management clashed with the new as Ric Edelman delivered a bleak assessment of his peers' future during a spirited debate with Adam Nash, the top executive at Wealthfront.
Tuesday's <i>Breakfast with Benjamin</i> features an adviser sentenced to 51 months of jail time for stealing from elderly clients. Plus: Bill Gross doesn't see a rate hike till late in the year, the latest bet for oil, and a don't-miss webcast sets the stage for 2015.
Firm claims former adviser was a “Trojan horse” funneling business to his new firm, RCM Wealth Advisors, before he joined.
Team partners with Dynasty Financial Partners to found Mosaic Family Wealth
Changes could spark revolt, but 'when Congress needs dollars, they're going to get them,' one adviser says.
As prices soar, some consolidators back away from acquisitions, citing cost of capital.
Examples of how RIAs can make workflows more efficient by making sure their technology communicates
Advisers and experts say 'the Fed really is hamstrung' by European Central Bankers' planned $50-billion-per-month quantitative easing program, meaning they can't raise or lower interest rates in this environment.
Brokers do a better job at cybersecurity than investments adviser, according to the SEC.
As regulator made it clear it was ready to fight tooth and nail, firm moves to settle, pay a fine.
Judges said the firm must face a class-action lawsuit on mortgage debt in bond funds.
<i>Breakfast with Benjamin</i>: Plus: Buffet's opaque empire, Obama's regulatory plans and New York's efforts to keep its meat hooks in tax refugees.
Independent advisers might look at this deal as a 'canary in the coal mine moment'.
Independent adviser alliances have grown up along with the industry, allowing members to share knowledge and feel connected.
<i>Breakfast with Benjamin</i>: OPEC might be rethinking their strategy of flooding the market with oil to crush the fracking industry.
