WM Morning Memo
 
Wealth Management Daily Memo

MAY 03, 2025

INDUSTRY NEWS

Edward Jones Shuffles Leadership Amid Push to Bolster Financial Planning

David Chubak will become wealth and field management head as the firm tries to position itself better for future wealth trends.

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ALTERNATIVE INVESTMENTS

Edward Jones Adds Alts to its Private Client Service

The firm is working with tech platform CAIS to broaden its menu of alternative investments for high-net-worth clients.

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ESTATE PLANNING

Will of Former Zappos CEO Found Years After His Death

The family waits for the other shoe to drop.

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Data Modernization Benchmarking Survey
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INDUSTRY NEWS

CFPs Likely to Pay Higher Renewal Fee, Though Some Question ROI

Advisors responding to a $120 price hike on the CFP designation question the value of spending it on marketing campaigns, but supported the designation for their practice.

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Trending Podcasts

RIA Edge Podcast: The Power of Specialization with Andrew Leonard

A knowledgeable focus on a narrow client niche with specific needs has fueled Geometric Wealth’s rapid growth and capacity challenges.

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Celebrity Estates: How Bob Marley’s Estate Took 30 Years to Settle

Noah Rosenfarb explores Bob Marley’s estate planning challenges and modern solutions.

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The Diamond Podcast for Financial Advisors: If You Build It, Will They Buy It?

A primer on M&A for advisors interested in building a business designed to be an attractive prospect for sale at maximum enterprise value.

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Zephyr's Adjusted for Risk: From Mutual Funds to ETFs; Discussing Industry Transformation

Victory Capital's Mannik Dhillon joins Ryan Nauman to discuss the rise of ETFs and the shift from mutual funds, the necessity of understanding investment strategies, the ongoing consolidation within the industry and the importance of diversification across investment processes and vehicles,

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PROFESSIONAL DEVELOPMENT

Report: Long Hours, Weekend Work Persists in Financial Services

The financial services industry has the second-longest workday and highest percentage of employees working weekends, according to a new report by ActivTrak.

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WMTV ON LOCATION
Wealth Meets Insurance: Building a Better Bridge
Solving for next-gen talent and organic growth is more about education and relationships than product and pitch.
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REGULATION & COMPLIANCE

FINRA, Justice Department Urge Supreme Court to Reject Alpine Securities’ Plea to Hear Its Case

In a brief submitted to the nation’s highest court, FINRA called Alpine Securities’ arguments “legally meritless” and said the Court should deny the request.

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ALTERNATIVE INVESTMENTS

Ten Recent Developments in 'Democratizing' Private Markets

Recapping some of the recent news in the rapid evolution of the alternative investment space for the wealth channel.

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CAREER MOVES

Goldman Sachs Private Wealth Names New Northeast Region Head

Nicole Pullen Ross takes on an expanded role in the private wealth management division, as the firm combines its New York and Mid-Atlantic regions.

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WIREHOUSE NEWS

UBS Americas Advisor Base Drops Amid U.S. Wealth Restructuring

UBS reports an advisor headcount slip of 1.4% since the end of last year, but says it expected attrition and signals a “robust” recruiting pipeline.

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RIA NEWS

Former Ameriprise Exec Launches Advisory Practice with John Thiel’s Indivisible Partners RIA

Sandy Bolton, former head of wealth management solutions at Ameriprise, has created SanWealth Partners, the second practice to join Indivisible Partners, the RIA launched by former Merrill Lynch executive John Thiel earlier this year.

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