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Wealth Management Daily Memo

AUGUST 1, 2022

RIA NEWS

Alera Group Wealth Services Acquires Johnson Brunetti

Ali Hibbs

Genstar-backed insurance and wealth management firm Alera Group is on track to goal of $10 billion AUM by 2023, according to the firm.

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REGULATION AND COMPLIANCE

Peirce Warns of Chilling Effect From SEC Settlement on Complex Products

Patrick Donachie

The SEC's settlement with Aegis Capital Corporation included a $2.3 million civil penalty; Commissioner Hester Pierce said the deal may lead to firms not giving clients the investment option at all even when it would be useful for them.

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SPONSORED WEBINAR

The Rise in Interest Rates and the Impact on Wealth Management

Sponsored by SS&C Advent

Join this webinar on August 23rd for a timely discussion on how the Fed may be inadvertently slowing down M&A strategies in 2022.

REGISTER NOW

RIA NEWS

RIA Investor Kudu Takes Minority Interest in GenTrust

Ali Hibbs

With recent backing from insurer MassMutual, Kudu now has minority investments in 19 asset and wealth managers in the U.S. and abroad.

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ETFS

Active Versus Passive: Market Pros Weigh In on the Best Strategy for Retail Investors

Kristine Owram and Claire Ballentine

Big money is at stake in the debate over the best way to navigate turmoil in the economy and markets.

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