WealthManagment.com Daily Memo
 
Wealth Management Daily Memo

JULY 7, 2023

REGULATION AND COMPLIANCE

FINRA Expels New Jersey B/D for Churning Accounts of Gold Star Families

In a parallel action, the SEC charged one of Monmouth Capital Management’s reps with defrauding families of fallen military soldiers.

FULL ARTICLE

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RIA NEWS

Focus Shareholder to Dismiss Lawsuit Against the Company

A Focus shareholder filed a lawsuit against the company late last month, claiming its proxy statements were misleading. Focus filed a supplement to the proxy, and says the shareholder will drop the complaint.

FULL ARTICLE

WMIQ EXCLUSIVE RESEARCH

See Results Of Our Latest Retirement Income And Risk Planning Research

The latest WealthManagement IQ research reveals ways in which advisors can address the retirement income and planning needs of clients as another unsettled year unfolds. Allianz Life Insurance Company of North America is not affiliated with Wealth Management IQ or WealthManagement.com.

DOWNLOAD THE REPORT

RIA ROUNDUP

Mercer Scoops Up 2 Firms, $580M in Assets

Mercer Global Advisors picked up two more firms with more than half a billion in combined assets, while Robertson Stephens, WEG, NewEdge Wealth, Hub International, Kestra, and RFG all announced new additions this week.

FULL ARTICLE

THE WEALTHSTACK PODCAST

Fixing the RIA Fee Billing Conundrum with Lacey Shrum

Smart Kx founder Lacey Shrum details the challenges RIAs face with billing and how the company's software solves them through automation.

Paid for by Wells Fargo Advisors

LISTEN NOW

FASTCHAT VIDEO

What the Future of Access Means for the Future of Alts

Brad Walker, founder, chief client and product development officer at CAIS offer his perspective on how access has changed.

WATCH NOW

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