RIABiz

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@RIABiz

RIABiz is a journal that covers the advice business coming of age in terms of higher ethics, higher technology, lower prices and a better output.

Mill Valley, CA riabiz.com Joined April 2009

430 Following 14K Followers 12K Posts

Latest posts 5

RIABiz @RIABiz 1d

Vanguard just scored a $4-billion private placement to close its $4.6-billion Altruist deal by year's end, but it comes with at least a $200-million annual drag on its legendary at-cost model riabiz.com/a/2026/11/10/v…

riabiz.com Vanguard just scored a $4-billion private placement to close its $4.6-billion Altruist deal by... The giant Malvern company is apparently set to close in 2026, though it needed Bank of America, Citigroup Inc. and JPMorgan Chase & Co. to broker a private placement to fund the deal.

RIABiz @RIABiz 2d

Liz Nesvold flipped Emigrant's minority stake in Elevation Point, Emigrant reports -- the most recent quick exit after Eric Clarke and Mark Penske abruptly cut ties in late 2025 riabiz.com/a/2026/11/10/l…

riabiz.com Liz Nesvold flipped Emigrant's minority stake in Elevation Point, Emigrant reports -- the most... The chairwoman of Howard Milstein's RIA buyer --previously promising 'decades' of backing -- curtailed partnership after 'crushing every goal'; the disclosure dropped on same day husband Peter...

RIABiz @RIABiz 5d

SEC, Schwab, and Michael Kitces all improbably allied successfully to 'protect' sub-$1 billion RIAs by reclassifying them as 'small,' but move may create vulnerability -- the Commission gained leverage to push firms to state registration riabiz.com/a/2026/11/7/se…

riabiz.com SEC, Schwab, and Michael Kitces all improbably allied successfully to 'protect' sub-$1 billion RIAs... The SEC will absolve 17,400 practices -- a 40-fold bump -- of onerous 'big' RIA definition, but Paul Atkins could use uncoerced RIA insistence in their smallness to shunt them to state registration,...

RIABiz @RIABiz Nov 5

Craig Siegenthaler sat out the Oct. 29 Ameriprise conference call but three of his peers asked about the 'elephant' he cited in double-downgrading the broker's stock ten days earlier, triggering a share price dive riabiz.com/a/2026/11/5/cr…

riabiz.com Craig Siegenthaler sat out the Oct. 29 Ameriprise conference call but three of his peers asked... The BoA analyst took Ameriprise from buy to sell based in part on fears that Amerprise is being compelled to stop poaching with preeemptive bonuses; CEO Cracchiolo cited bad journalism and said there...

RIABiz @RIABiz Nov 4

Crisis of confidence still dogs 'Top Advisor' rankings, only months after ethics scandal rocked Forbes and cast shadow over Barron's, but the business is too lucrative to pass up for cash-hungry publications and attention-starved advisors riabiz.com/a/2026/11/4/cr…

riabiz.com Crisis of confidence still dogs 'Top Advisor' rankings, only months after ethics scandal rocked... Forbes is back in business after three-month stand down, and it's business as usual at Barron's, but two wirehouses are still cautious after bailing on Forbes over reputational risk.