Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

AUGUST 22, 2024

INDUSTRY

Ameriprise, LPL Face More Cash Sweep Suits

The lawsuits filed in Minnesota and California federal courts come as a New York-based law firm announced a new task force looking into the controversial practice, assisted by former SEC Commissioner Robert Jackson, Jr.

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Marketing

$26B EP Wealth Hires First Chief People Officer

Megan Glover will lead the RIA's human resources functions as it grows to more than 500 employees nationwide.

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2024 MIDYEAR OUTLOOK
Widening Cracks in the Investment Landscape
Economic cracks are forming, but Nuveen's midyear outlook shows how to navigate for solid returns.
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ALTERNATIVE INVESTMENTS

Non-Traded BDCs Surpass $20B in Retail Fundraising

The segment is just ahead of interval funds among limited liquidity vehicles, according to Robert A. Stanger & Co.

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Marketing

Wamco’s Longtime Bond King Thrust Into Spotlight He Shunned

Ken Leech is taking a leave of absence as co-chief investment officer after receiving a so-called Wells notice from the SEC, a warning that regulators may recommend enforcement.

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