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Wealth Management Morning Memo

JUNE 27, 2019

TECHNOLOGY

Client Exposed in Redtail Data Incident Speaks Out

Samuel Steinberger

The Redtail incident cost at least one advisor a client, and shines a light on industry and regulatory inadequacies in cybersecurity reporting and enforcement.

FULL ARTICLE

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INDUSTRY

Massachusetts Fines LPL $1.1 Million for Failing to Register Advisors

Michael Thrasher

LPL failed to register 651 advisors in the state and notify regulators of almost 800 reportable events, according to the state securities regulator.

FULL ARTICLE

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ALTERNATIVE INVESTMENTS

Venturi Wealth Management Launches $100 Million Private Equity Fund

Michael Thrasher

“We’ve dubbed it the farm-to-table approach for private equity."

FULL ARTICLE

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The Daily Brief

INDUSTRY

Emigrant Bank-Backed RIA Buys NYC-Area Firm

Samuel Steinberger

Emigrant Bank's parent company, New York Private Bank & Trust, is charting a path for banks wanting to participate in the wealth management space.

FULL ARTICLE

TECHNOLOGY

Data Aggregator MX Lands $100 Million In Series B

Samuel Steinberger

MX brought in $100 million in a fundraising effort designed to accelerate the company's growth.

FULL ARTICLE
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