WM Morning Memo
 
Wealth Management Daily Memo

OCTOBER 30, 2024

INDUSTRY

Citi Targets $1M-Plus Producers with New Recruiting Offer

Citigold plans to hire 150 advisors over the next two years to fill out bank branches in six affluent markets.

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RIA NEWS

Hightower Stakes $1.1B Wisconsin RIA

Financial Planning and Information Services represents Hightower’s fifth investment this year and follows news last week that it will take a majority stake in NEPC, an institutional consulting firm.

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SPONSORED CONTENT
Investing in Climate Change
Parnassus supports companies involved in addressing climate risks.
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TECHNOLOGY

Brightwave, AI-Powered Research Startup, Announces $15M Series A Funding

The company, which launched in early 2024, has raised $21 million to date for its automated research agent product.

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ALTERNATIVE INVESTMENTS

BlackRock Partners with iCapital, GeoWealth to Offer Custom Models in UMAs

The partnership will make it easier for BlackRock’s RIA clients to invest in private assets alongside traditional assets.

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FASTCHAT VIDEO
Responding to Retiree Income Needs in Early Retirement
Explore new advance payout options available on SecurePay Protector benefit.
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TECHNOLOGY

Private Advisor Group Launches Greenhouse Technology Platform

The new platform provides single sign-on access to an advisor's applications and resources.

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INDUSTRY

RBC Lures $400M Morgan Stanley Team, While LPL Nabs Cambridge Advisors

A Georgia-based advisor is also moving from Edward Jones to Raymond James’ independent advisor channel.

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