RIAs

The agency is using data analytics to scrutinize broker-dealers and advisors who are recommending an increasingly complex array of products.

“It’s the most important thing you can do for your business, the single greatest value driver,” said Rick Schwartz, managing director for business consulting at Schwab Advisory Services.

Acquisition of Hokanson Associates is just the start, Aspiriant CEO Rob Francais says: “We are open for business.”

The decision to create rather than buy an existing digital platform spurred an emotional response from competitors, Schwab Chief Walt Bettinger tells attendees at its annual Impact conference.

The insiders debate who is growing, how many wealthy prospects there really are and where the robos will be most successful at the Tiburon CEO Summit.

United Capital anticipates adding $1.5 billion in assets in buying Select Financial Group and PSA Insurance & Financial Services.

The deal should be a signal to robo platforms they need to pair their technology with traditional advisors to remain competitive, analysts say.

Just as robos seek to bring lower-income, self-directed investors into the advisory realm, the administration is looking to extend the retirement safety net through no-fee, no-risk savings plan.

Advisors gasped when they heard that the proposal requires firms to have a website revealing information previously considered confidential.

“Owners of advisory firms don’t realize there’s a new school approach to succession planning,” – David Grau Jr., president and CEO of Succession Resource Group.