WealthManagment.com Daily Memo
 
Wealth Management Daily Memo

JULY 18, 2022

INDUSTRY

BofA's Wealth Management Revenue Climbs 7% in Second Quarter

According to the second quarter earnings, revenue in the wealth management and BofA Private Bank businesses grew by 7% to $5.4 billion in the second quarter compared to a year ago.

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RIA NEWS

Sanctuary Wealth Welcomes $120M Edward Jones Advisor

Mesa Point Wealth in Midland, Texas, becomes seventh firm to join Sanctuary's RIA platform this year.

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RESOURCE CENTER

Focus on Financial Independence

84% of US employees say they resonate more with financial independence than the traditional concept of retirement.

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RIA NEWS

Historic Q2 RIA M&A Volume Likely to Result in Another Record Year

The latest Echelon Partners RIA M&A report shows that transactions have slowed and deal sizes are smaller relative to the end of 2021, but 2022 is still on track to be another record-breaking year.

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ETFS

Franklin Templeton Targets $50 Billion of Assets in ETF Overhaul

Franklin Templeton aims to quadruple its ETF business in the next three years.

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SPONSORED WEBINAR

Wealth 2.0: A New Era for Financial Advising

This Wealth Management EDGE Visionaries webcast on July 26th will offer an assessment of the current market and economic environment, while also providing a deep dive on innovations in WealthTech and investment management.

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