Morning Memo
Wealth Management Morning Memo

AUGUST 28, 2020

TECHNOLOGY

Proposed Class Action Lawsuit Claims Envestnet, Yodlee Present 'Grave Risk'

A New Jersey resident is seeking damages from Envestnet and Yodlee, with allegations of unsecured data and "unlawful collection and use of sensitive personal data from millions of consumers."

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BUSINESS PLANNING

Streamlining Alt Investments When Transitioning to Independence

A strategic partner with experience managing the minutia of running an RIA practice can help select a breed of alternative investment platforms, integrated technology and more.

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SPONSORED CONTENT

Consider Investing in the Owner-Operator Advantage

Studies show that investing in owner-operator led companies leads to better long-term results.

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ALTERNATIVE INVESTMENTS

Fidelity Launches Inaugural Bitcoin Fund for Wealthy Investors

Fidelity will begin to offer the Wise Origin Bitcoin Index Fund I through a new business unit called Fidelity Digital Funds.

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The Daily Brief

PEOPLE

Former Florida Advisor Sentenced to 10 Years in Prison

A U.S. District Court judge sentenced Sean Donald Premock to 10 years in prison for defrauding his elderly and family member clients out of their life savings.

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TECHNOLOGY

LPL Adds YCharts To Vendor Affinity Program

The program includes dozens of third-party tools available to the firm's advisors at discounted prices.

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ADVISOR CHANNELS

Argent Wealth Management Becomes Hightower’s 7th Deal This Year

Hightower continues its acquisition streak, taking a stake in Waltham, Mass.-based Argent Wealth Management, an RIA with $1.7 billion.

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