Morning Memo
Wealth Management Morning Memo

JUNE 26, 2020

INDUSTRY

Dynasty Opens Up Financing to Outside Firms Via Envestnet Partnership

As part of the rollout of Envestnet's Advisor Services Exchange (ASx), Dynasty is opening its financing options to RIAs outside of its network for the first time.  

FULL ARTICLE

ETFS

The 20 Most Heavily Traded ETFs in the Past Month

The biggest ETFs—SPY, QQQ—were among those seeing the most trades over the past 30 days.

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INDUSTRY

Well Fargo's RIA Channel Now at 13 Teams, $6 Billion in AUM

John Peluso, head of First Clearing, the Wells-owned custody platform for fully independent RIAs, told WealthManagement.com that the new channel counts 13 ex-Wells teams and has started to look externally.

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The Daily Brief

INDUSTRY

RBC Adds Largest St. Louis Team From Morgan Stanley

The Market Street Group, with about $500 million in client assets, moves over from Morgan Stanley.

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TECHNOLOGY

280 CapMarkets Rolls Out Straight-Through Processing

The fixed income-focused tech company has automated the processing of client transactions.

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