Morning Memo
 
Wealth Management Morning Memo

JULY 12, 2023

INDUSTRY

Report: Avantax Eyeing Potential Sale

Avantax has engaged a financial advisor to see if there’s interest from potential buyers, but the firm may not end up selling.

FULL ARTICLE

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REGULATION AND COMPLIANCE

FINRA Bars Illinois Broker For Not Disclosing Private Securities Transactions to B/D

David Geake solicited an elderly couple to pledge securities as collateral for a bank loan to support a startup the rep had invested in, but the couple allegedly lost their money when the company failed.

FULL ARTICLE

SPONSORED CONTENT

Over 9,000 Advisors Left Their Firms in 2022

Learn why a well-executed transition can make all the difference.

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MUTUAL FUNDS

The Extreme Cost of Active Management

Active investors are engaging in a massive transfer of wealth—from their own wallets into those of active managers.

FULL ARTICLE

ETFS

BlackRock Sees Model-Portfolio Investing Growing to $10T by 2028

“It’s going to be massive,” says Salim Ramji, global head of iShares and index investments at BlackRock.

FULL ARTICLE

FASTCHAT VIDEO

Unlocking Advisor Passion is Road to Success

Want to create an environment for independent advisors to thrive? Tap into their unique, core motivations, says Mike LeMena.

WATCH NOW

Podcasts

RIA EDGE PODCAST

Halbert Hargrove’s JC Abusaid on Building the ‘RIA of Choice’

JC Abusaid provides a roadmap for other RIA firms to learn from and follow as they look to expand their talent base.

Sponsored by Schwab Advisor Services

LISTEN NOW

THE WEALTHSTACK PODCAST

Fixing the RIA Fee Billing Conundrum With Lacey Shrum

Smart Kx founder Lacey Shrum details the challenges RIAs face with billing and how the company's software solves them through automation.

Paid for by Wells Fargo Advisors

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SPONSORED WEBINAR

The Psychology of Custom Indexing

Join this webinar on July 18th to discover the hidden forces that drive investor behavior and the unique strategies employed in custom indexing to optimize portfolio performance.

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