Client referrals aren't cheap

Loading player...

Alex Steger, Ian Wenik and Citywire RIA reporter Alec Rich (in his podcast debut!) discuss Charles Schwab's decision to raise fees in its lucrative Schwab Advisor Network referral program and discuss what an RIA acquisition in America's chocolatiest town means for the dealmaking world at large.

14 Feb English United States Investing

Other recent episodes

Happy New Year!

Citywire USA editor-in-chief Alex Steger, Citywire RIA editor Ian Wenik and Citywire RIA senior reporter Sam Bojarski discuss the rise of foreign investment in RIAs, the impending shift to Republican control of the SEC and the biggest themes they see playing out in the wealth management business in 2025.

10 Jan 18 min

What's in a name?

Alex Steger, Ian Wenik and Sam Bojarski weigh in on RIA financier Focus Financial Partners' decision to rebrand its biggest affiliate as 'Focus Partners Wealth,' wealth managers monitoring their advisors' personal phones, and $38bn Steward Partners' decision to pursue a sale.

17 Jan 19 min

Will you accept this rose?

Alex Steger, Ian Wenik and Citywire RIA reporter Lilly Riddle discuss Envestnet's hire of a new permanent CEO, Focus Financial Partners' dividend recap and — most importantly — the RIA client service associate who will be competing on the latest season of "The Bachelor."

24 Jan 18 min

Blackstone enters the fray

Alex Steger, Ian Wenik and Citywire RIA reporter Alec Rich recap Ian's scoops on mega-private equity firm Blackstone pursuing a deal in the wealth management business and Pershing's new RIA referral program. Plus, Alec discusses his new feature on the fight between RIA tech companies for clients of the sunsetting…

14 Mar 21 min

"Ellevest's robo retreat"

Alex Steger and Ian Wenik discuss Ellevest's decision to sell its robo-advisory unit to Betterment after raising more than $150m in venture capital money and a prominent Los Angeles RIA's choice to rebrand itself.

28 Feb 18 min

All episodes