Morning Memo
Wealth Management Morning Memo

MAY 27, 2021

INDUSTRY

Merrill’s Andy Sieg Believes the Best Is Yet to Come for Wealth Management

Merrill Lynch Wealth Management President Andy Sieg shares the reasoning behind his positive outlook.  

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INDUSTRY

Raymond James to Convert 80 Corporate Offices Into Zoom Rooms

The firm is also working towards a hybrid work environment for its branch offices, to facilitate both human and mobile interactions, said CEO Paul Reilly.

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TECHNOLOGY

Biden Administration Proposes Beefing Up Cryptocurrency Reporting

Will new standards help legitimize virtual currencies?

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TECHNOLOGY

Riskalyze Fintech Report Card: May 2021

Riskalyze CEO Aaron Klein provides his take on the biggest news to hit advisor technology in the previous month.

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EQUITIES

Meme Stocks, SPACs Bounce Back: ‘Reddit Raiders Are at It Again’

Shares of GameStop Corp. and AMC Entertainment Holdings Inc. -- the poster-children of this year’s Reddit boom -- are surging again. As is interest in SPACs and the prices of Bitcoin and Ether.

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REGULATION AND COMPLIANCE

Wall Street’s New Cop Signals More Scrutiny for Crypto and SPACs

SEC Chair Gary Gensler told lawmakers that special purpose acquisition companies and digital coins posed significant policy and investor-protection questions.

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