Wealth Management Daily Memo

AUGUST 9, 2021

CELEBRITY ESTATES PODCAST

Elizabeth Hurley's Son Disinherited

David H. Lenok

Multi-millionaire Peter Bing disinherited two grandchildren born out of wedlock, Damien Hurley and Kira Bonder, leaving them with nothing.

PEOPLE

Missouri Advisor and Former Mayor Leaves Wells Fargo FiNet for LPL

Asia Martin

Ice Capital Management joined LPL’s broker/dealer and corporate RIA.

SPONSORED CONTENT

Rising Demand for Financial Planning

Sponsored by NaviPlan

34 percent of CFPs reported an increase in prospect inquiries.

INDUSTRY

PNC Rebrands Wealth Businesses as Lenders Vie for Rich Clients

Max Reyes

PNC Private Bank's ranks will be bolstered by either placing staff in new markets through the recently completed acquisition of BBVA's U.S. business or expanding its existing footprint.

REGULATION AND COMPLIANCE

Senators Reach Bipartisan Crypto Deal Amid Vote Uncertainty

MacKenzie Hawkins and Laura Davison

The proposal would clarify rules on who is a broker for cryptocurrency and ensure that it wouldn’t sweep in software developers, cryptocurrency transaction validators, node operators or other non-brokers.

SPONSORED CONTENT

Bridging the Generational Gap:How to Attract Emerging High-Net-Worth Investors

Sponsored by Orion Portfolio Solutions

Emerging HNW individuals want to know that their advisors are acting in the best interests of their goals and financial futures.

WMRE

REAL ESTATE

Living Through Disruption: How One Urban Office Investor Is Coping with COVID-19

Patricia Kirk

The Swig Company owns office buildings in gateway cities on both coasts. It’s not planning to change its core focus.

REAL ESTATE

CMBS Market Musings: Securitization Finding Its Footing

Andrew Foster

A look at commercial real estate’s secondary mortgage market makeover.

SPONSORED WEBINAR

Three Disruptive Trends Impacting Wealth Management in 2021

Sponsored by Bill.com

Join this webinar on August 10th at 2pm ET / 11am PT as experts discuss the WealthTech trends that are disrupting the wealth management industry, and how key market leaders are diversifying and leveraging technology to gain a competitive edge.