Morning Memo
Wealth Management Morning Memo

AUGUST 3, 2020

Fidelity Spire Beats Project Avocado To Launch

Financial planning is a key theme for both apps, though Spire is meant for Fidelity retail investors while Avocado is designed to bring investors to advisors.

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The Power of Financial Wellness

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Practice Management

Ten Lessons Climbing Mountains Has Taught Me About Running a Practice

Business success need not be an unassailable summit.

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Regulation

FINRA Sees Sharper Decline in Reps While Dual Registrant Numbers Continue to Rise

The total number of FINRA-registered reps dropped by nearly 5,000 in 2019, a much more drastic decline than in 2018, according to a new FINRA report.

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Practice Management

When a Team Member Doesn’t Want to Come Back to the Office

Many advisory firm leaders are anxious to get back to the office, but some team members may want to work from home permanently.

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The Daily Brief

Varo Money Is First Startup To Land National Bank Charter From OCC

Varo says it's the first national bank charter granted to a U.S. consumer fintech and will allow it to offer its own FDIC-insured banking services—something other fintechs must work with bank partners to offer.

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COVID-19: Challenges and Opportunities in Financial Services

Will your firm weather the COVID-19 storm?

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Pathstone to Acquire Cornerstone Advisors to Form $20B RIA

Private equity-backed Pathstone and Cornerstone come together in the latest RIA mega deal.

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Founder of Focus Partner Firm Lake Street to Retire

Greg Van Slyke, co-founder and partner at Lake Street Partners, which joined Focus Financial Partners in 2017, will retire at the end of this year.

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