Morning Memo
 
Wealth Management Morning Memo

MARCH 4, 2024

RIA NEWS

Arax’s Newly Acquired IBD Sticks With Pershing for Clearing and Custody

This will likely become a much larger relationship for the clearing and custody firm as Arax continues to acquire and scale its wealth management business.

FULL ARTICLE

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RIA NEWS

RIAs Faced a 213% Spike in Paid Errors and Omissions Claims in 2023

A report from insurance broker Golsan Scruggs shows large increases in claims involving both the suitability standard and wire fraud in 2023.

FULL ARTICLE

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How Have Elections Moved Markets?

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PHILANTHROPY

A Lesson in Understated Generosity

Ruth Gottesman's landmark donation receives praise for her no frills approach to giving.

FULL ARTICLE

THE WEALTHSTACK PODCAST

Betterment for Advisors' Thomas Moore on What Custodial Competition Means for the Industry

Moore, the head of Betterment for Advisors, details how new custodians and increased competition are reshaping wealth management.

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