SunGard Is Said to Be in Sale Talks With Fidelity National Information

    NYT article by Michael J. de la Merced

    SunGard may have been planning to return to the public markets, but it may instead be sold to a peer.

    The company, a financial software maker, is in talks to sell itself to Fidelity National Information Services, a big service provider for banks, people briefed on the matter said on Thursday. Such … Read More

    Providing Wealth Management Services To Middle-Market Commercial Banking Clients

    Forbes article by Russ Alan Prince

    Banks could significantly increase their profits by systematically providing wealth management services – investment advisory, insurance, retirement plans and other corporate benefits, estate planning, trust services – to their middle-market commercial banking clients.

    The amount of additional revenues that are likely range from increases of 50% to as much as quadrupling it – a … Read More

    Fidelity National Said in Exclusive Talks to Acquire SunGard

    Fidelity National Information Services Inc., the payment-services provider, is in exclusive talks to buy SunGard Data Systems Inc. in a deal with an enterprise value of more than $8.3 billion, people familiar with the matter said.

    Donald Trump Fails the Fiscal-Responsibility Test in His Fund Picks

    MarketWatch article by Chuck Jaffe

    He doesn’t diversify, as most of his mutual fund holdings are from one company

    Donald Trump is many things, but a thoughtful, properly diversified mutual fund investor isn’t one of them.

    That became clear thanks to the 92-page Trump financial document that the Federal Election Commission released last week.

    The document and the totals it … Read More

    Envestnet Recognized as a Leader in Transforming Wealth Management

    Envestnet, Inc. (NYSE: ENV) continues to earn top wealth management industry awards.

    Bill Crager, President of Envestnet, received the Money Management Institute’s (MMI) Advisor Solutions Pioneer of the Year Award. MMI’s Pioneer Award is given annually to an individual who embodies MMI’s mission to serve as an advocate and catalyst for the growth of the managed investment solutions and wealth … Read More

    Tycoon’s Daughters Must Wait Ten Years to Inherit His $20 Million Fortune

    New York Post article by Ross Toback  and Julia Marsh

    Daddy Dearest real estate millionaire Maurice Laboz, who died earlier this year, doled out early-bird bonuses to his girls in his will as long as they marry right, get good jobs and don’t even think about having kids out of wedlock.

    The Laboz girls — Marlena, 21, and Victoria, 17 … Read More

    Apple Considered BMW’s i3 As Model To Make Its Own Electric Car

    bidnessetc.com article by Martin Blanc

    According to Manager Magazin’s report, published on Friday, last year, Apple Inc. (NASDAQ:AAPL) approached German automaker BMW to provide expertise to make an Apple electric car.

    The publication revealed that the CEO Tim Cook visited BMW’s i3 vehicle production facility in Leipzig to get an insight on the electric car-manufacturing. It was also outlined … Read More

    Notes from Jon Stein on How to be a Better Advisor

    Belay Advisor story by Steve Sanduski, MBA, CFP

    Jon Stein, Co-Founder and CEO of Betterment, tells how he co-founded the company and built it into one of the fastest growing and most innovative investment firms in the country. It’s a great story about how a smart guy with a timely idea can marshal the resources and build a company that … Read More

    How Citigroup Courts Wealthy Young Heirs: Teach Them to Buy Art

    Bloomberg article by Margaret Collins

    One evening last month at Citigroup Inc. in downtown Manhattan, a group of 20-somethings spent $95,000 in a bidding war for a black-and white photo tapestry of the fashion model’s face. They were confident that the work by the prominent New York artist Chuck Close was worth the price.

    That’s why there was a collective … Read More

    Janet Yellen is Ready to Raise Rates

    MarketWatch article by Carolin Baum

    Federal Reserve policy makers are hoping, even praying, that no unexpected domestic development or international crisis intervenes to prevent them from taking the first baby step to normalize interest rates at the Sept.16-17 meeting.

    Why? Fed officials point to a number of reasons: the unnatural state of a near-zero benchmark rate; the potential risk of … Read More


The Independent Empire Strikes Back: Giant LPL Moves 800-Lb Gorilla into the Robo Advisor Sphere

With close to half a trillion dollars on the books, scale is no problem. The next phase is clearly about letting automation do the heavy lifting so affiliates can compete more savagely for assets in play.

With 4,000 advisors and 3,000 other industry people concentrated in Boston this week for LPL’s annual conference, you don’t need a microphone to figure … Read More

Following Fake Client Orders Gets Advisor Banned: Has YOUR Firm Been Hacked?

Communications protocols exist to protect careers as well as clients. As hackers ramp up their game, it’s more important than ever to run every transaction by the book.

The scam that suckered David Paul Santos into wrecking his own career boils down to a variation on data “fishing” schemes that firms like his warn investors against all the time.

The … Read More

Top Rapper 50 Cent May Lose Mansion As Bankruptcy Bid Misfires

Classic hole in the asset protection framework leaves what was once a $500 million empire exposed to substantial legal liabilities. If he can’t find the cash, liquidating the house probably won’t bring tears to his eyes.

When the fourth-richest hip hop artist in history declares bankruptcy over some dubious business and personal decisions, it’s a pretty good bet the lawyers … Read More

J.D. Power 2015 U.S. Financial Advisor Satisfaction Study

Advisor Loyalty Declines Due to Compensation and Leadership Concerns

There is an undercurrent of dissatisfaction among advisors as loyalty to their investment firm has declined, due in part to changes with compensation and a lack of confidence in firm leadership, according to the J.D. Power 2015 U.S. Financial Advisor Satisfaction Study released today.

The study measures satisfaction among both employee … Read More

IRS Backs Down on $2.5 Billion of Billionaire Bill Davidson’s Estate Tax Bill

SCINs are clearly in as credible tax planning tool. Now even the auditors give Detroit sports mogul’s bizarre estate plan high marks.

A few days ago the IRS quietly folded a long-standing claim that Detroit industrialist and basketball fan Bill Davidson’s heirs owed $2.9 billion on a fortune that might have been worth $3.5 billion at its peak.

They’re accepting … Read More

Greek Gamble: The People Have Spoken but the Euro Clock has Run Out

Political brinksmanship effectively guaranteed a losing scenario for the investors. Now the Greeks can chart their destiny, but investment strategies that depend on pre-programmed assumptions need to unwind fast.

We knew Greece was going to default when Alexis Tsipras scheduled his referendum nearly a week after its most recent debt payment was due.

Once the national vote was on the … Read More

Schwab Robo: Liberation for Advisors or Client-Stealing Trojan Horse?

Hoopla around nominally free portfolio population and rebalancing tools exposes deep divide between self-directed “mass affluent” and high-net-worth advisory cultures.

Charles Schwab’s advisor-focused “robot” portfolio program only went live last week and hard industry lines are already forming between people who are convinced it’s an evolutionary leap and those who think it’s an extinction event.

On one side of the … Read More

2016 Superdonors Take Sides On Estate Tax: Is Hillary Caught In The Middle?

Massive money is flowing toward any Republican candidate who will kill the federal death tax. The Clinton campaign faces challenges from the left and risks alienating the only swing voters who remain in the middle.

At this point, we can probably figure out how just about every American billionaire will vote in the next presidential election. Public lines have already … Read More

Food Network Giant Bobby Flay On $20M Meathook Over Stale Prenup

Ten years after the marital contract, the hotshot cook has become a restaurant phenomenon. But if his soon-to-be-ex-wife really contributed to his success, the prenup may be well past its expiration date.

Unlike a lot of celebrity millionaires, Bobby Flay at least tried to protect his Food Network wealth when he married third wife Stephanie March a little over a … Read More

Hello Caitlyn, Good-Bye Wheaties: $500 Million Backlash Begins

Potential advertisers and one-time allies move to the sidelines after gala debut, leaving reality star adrift. Good lessons here for advisors who need to regenderize a high-profile client on the go.

The Twitter feed is the pulse of cash for the Kardashian-Jenner family, so an appraisal of the financial impact of father Bruce evolving into Caitlyn Jenner has to start … Read More

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