Morning Memo
 
Wealth Management Morning Memo

JULY 27, 2024

RETIREMENT PLANNING

The 10 Best and 10 Worst States for Retirement in 2024

Delaware tops the list, while California and New York bring up the rear.

FULL ARTICLE

INDUSTRY

Penn Mutual to Sell Janney Montgomery Scott to KKR

Once the deal closes, Janney will operate as a standalone, private company and create a broad-based equity ownership program for its 2,300 employees.

FULL ARTICLE

RESOURCE CENTER

Enhancing Regulatory Compliance

Innovations in email and social media monitoring for financial advisors and clients.

LEARN MORE

INDUSTRY

The Ultimate Entrée For The Independent Channel

While many in the financial advice business have for years focused on retail clients, some firms are finding that institutional clients, such as pensions and foundations, can pay off in a major way.

FULL ARTICLE

ALTERNATIVE INVESTMENTS

Alternatives Fundraising from Retail Investors on Track to Reach $115B in 2024

Robert A. Stanger & Co. raised its forecast for the year after strong inflows during the first half of 2024.

FULL ARTICLE

FASTCHAT VIDEO

Outlook for Floating Rate Funds

Outlook on loans is constructive, given the market's high current yield opportunity.

WATCH NOW

ESTATE PLANNING

IRS Releases Final Regs on Required Minimum Distributions

Certain 10-year designated and successor beneficiaries get no extension.

FULL ARTICLE

RPA

The Top 10 RPA Stories of the First Half of 2024

The top stories affecting 401(k) and 403(b) plans were dominated by laws, lawsuits and advisor M&A.

FULL ARTICLE

INDUSTRY

Mercer Files Motion to Enforce Subpoena From Former Advisors’ Social Club

Mercer claims the owners of an RIA it acquired took the funds from the sale and headed to the golf course.

FULL ARTICLE

ETFS

Spot Ethereum ETFs Expected to See a Fraction of Inflows Compared to Bitcoin Funds

The cryptocurrency’s smaller market cap and the need to get the products approved by wealth platforms likely means any widespread adoption will take a year.

FULL ARTICLE

ESTATE PLANNING

Estate Settlement Explained

Navigating the complex terrain of estate settlement can be daunting, even for financial professionals.

FULL ARTICLE

TECHNOLOGY

Wealthtech Startup Powder Raises $5M in Seed Funding

Powder is using generative AI to automate a lot of the tasks involved in the client proposal process.

FULL ARTICLE

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