Wealth Management Morning Memo

FEBRUARY 10, 2021

PEOPLE

Desireé Sii Named President, CEO of SagePoint Financial

Asia Martin

She succeeds former CEO Jeff Auld who recently announced his retirement, and rounds out a trio of female leaders atop the Advisor Group IBD.

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INDUSTRY

Schwab Cuts 200 Jobs as It Combines Business With TD Ameritrade

Annie Massa

The cuts are part of Schwab’s “continuing efforts to reduce overlapping or redundant roles across the two firms,” according to a company spokeswoman.

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Custom to the Core

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For nearly 30 years, customizing passive portfolios to suit our clients’ objectives has been our core pursuit.

RETIREMENT PLANNING

Know How to Handle Net Unrealized Appreciation

Kevin McKinley

Before rolling over 401(k)s, analyze any holdings in employer stock.

REGULATION AND COMPLIANCE

Former Minnesota Advisor Charged With Fleecing Clients Out of $2.2M

Patrick Donachie

The DOJ and SEC filed parallel actions against Isaiah Goodman, arguing he used investors' funds for personal expenses and made "Ponzi-like payments" to new investors.

SPONSORED CONTENT

Creating a Business Continuity Plan

Sponsored by American Portfolios

Never would we have thought a pandemic would sweep the globe, changing our lives and how we do business. Were you prepared with a business continuity plan?

BUSINESS PLANNING

How Should an RIA Rate Its COO?

Matt Sonnen

A COO's role differs with each firm. That makes evaluating their performance all the more complex.

TECHNOLOGY

Why We Will Always Need Industry Conferences

Chris Hastings

For vendors, virtual conferences stink.

WEALTHIES CIRCLE DIGITAL FORUM

Operations Innovation: Managing the New Normal

Join on Feb. 24th for the Technology CE Digital Forum event. Live, interactive sessions will be paneled by leading executives at award-winning firms covering the state and future direction of technology.