Wealth Management Daily Memo

JANUARY 18, 2022

INDUSTRY

Beacon Pointe Acquires Five Firms, Brings 2021 Total Above $7 Billion

Patrick Donachie

The leading RIA’s acquisitions include its first office locations in Wisconsin and Tennessee. Beacon acquired 14 firms in 2021, compared with four deals the previous year.

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THE HEALTHY ADVISOR PODCAST

Life As a Quadriplegic with Anthony Zhang

Diana Britton

In 2016, tech entrepreneur Anthony Zhang dove headfirst into a swimming pool, paralyzing him from the neck down. Now, he’s democratizing fine wine investing for advisors and their clients.

SPONSORED CONTENT

ESG & Socially Responsible Investing Expected to Grow Within 5 years

Sponsored by Parametric

Environmental impact is driving client interest and firm screening for SRIs.

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TECHNOLOGY

Facet Wealth Raises $100M in Series C

Diana Britton

The funding will help Facet Wealth continue to grow its business, targeting the segment of the market that has never worked with a financial advisor.

PEOPLE

Morgan Stanley CEO Gorman ‘Not Going to Be Here’ in Five Years

Katherine Chiglinsky |

Gorman told the bank’s board last year that he planned to stay on for at least three more years.

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Customization, Tax Management and SMAs

Sponsored by Goldman Sachs Asset Management

Explore a personalized investment solution for your clients.