Morning Memo
 
Wealth Management Morning Memo

SEPTEMBER 30, 2023

HIGH NET WORTH

A Sneak Peek at the Potential 2024 Estate and Gift Tax Rates

Wherever there's change, there's also opportunity.  

FULL ARTICLE

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HIGH NET WORTH

Wildenstein Family Once Again Faces Fraud and Money Laundering Charges

If found guilty, they may be liable for up to $1 billion in back taxes and fines.

FULL ARTICLE

WEBINAR

Shaping Future Success: Financial Advisors Embrace Convergence, Growth, and Technology

Join us on October 12 to discover how financial advisors leverage convergence, growth, and tech, with insights from a hybrid model survey.

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REGULATION AND COMPLIANCE

SEC Charges AssetMark for Failing to Disclose Cash Sweep Conflicts

The TAMP also did not disclose conflicts related to custodial support payments; AssetMark will pay $18 million to settle the charges.

FULL ARTICLE

HIGH NET WORTH

As Family Offices Become More Sophisticated, So Do Their Compensation Plans

Family offices are relying more on salary increases and incentive compensation to compete for talent, according to a new survey by Morgan Stanley’s Single Family Office Advisory group.

FULL ARTICLE

HIGH NET WORTH

NCAA Athlete Compensation: Supporting College Athletes with Financial Planning

With NIL deals becoming more and more prevalent, student-athletes need trusted guidance on what the opportunities are and ultimately what to do based on their unique situations.  

FULL ARTICLE

INDUSTRY

Omaha Duo With $605M AUM Join LPL From Principal Securities

Patrick “Pat” Ricketts and Mindy Helfrich of Vintage Financial Group have more than four decades of total industry experience and have worked together for more than 10 years.

FULL ARTICLE

REGULATION AND COMPLIANCE

Mass. RIA to Pay $1M to Settle SEC Marketing Noncompliance Charges

Wellesley Asset Management failed to properly disclose that it used hypothetical performance in advertisements for an index it created, according to the commission.

FULL ARTICLE

REGULATION AND COMPLIANCE

Former Western International Rep Loses FINRA Appeal Over Non-Traded REIT Recommendations

Former broker Megurditch Patatian allegedly recommended 81 purchases totaling more than $7.8 million of the high-risk product over the course of several years, according to regulators.

FULL ARTICLE

HIGH NET WORTH

Tips for Handling IRS Estate and Gift Tax Audits

A respectful and honest approach may be your best bet.

FULL ARTICLE

ETFS

A New ETF Launches with a Focus on the Beleaguered Office Sector

The VanEck Office and Commercial REIT ETF is part of a trend of increased specialization among REIT ETFs.  

FULL ARTICLE

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