Morning Memo
Wealth Management Morning Memo

AUGUST 27, 2020

REGULATION AND COMPLIANCE

ESG Proponents Weigh Impact of Increased Regulatory Scrutiny

Recent moves by the Department of Labor and SEC are causing ESG advocates to question what impact, if any, the scrutiny will have on its accelerated growth.

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PEOPLE

Former Pershing Exec Mark Tibergien Joins Pathstone’s Board

The former head of Pershing's custody business is back, this time serving as a board member for $20 billion family office Pathstone.

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INDUSTRY

Beyond the Superficial to the Substantive

Diversity and inclusion encourages us to appreciate and celebrate difference and create environments that do so, which opens up the possibility for creating the highest possible organizational performance.

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The Daily Brief

PEOPLE

Smackdown! The Rock Is 'Strategic Investor' In Acorns

The actor and former wrestler is joined by his ex-wife, Dany Garcia, to help Acorns users open UTMA/UGMA accounts.

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REGULATION AND COMPLIANCE

SEC Pulls Plug on Florida Advisor's Private Fund

David C. Coggins, the owner of Coral Gables Asset Management, allegedly defrauded investors by misrepresenting the performance of a private fund, according to a complaint filed by the SEC.

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ADVISOR CHANNELS

LPL, Cetera Add Teams from Voya, Securities Service Network

Michigan-based Baldwin Capital Management and Langdon Capital Management join LPL from Voya Financial, while Chicago-based Nestlehut Financial Services moves to Cetera Advisors from Securities Service Network.

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