WealthManagement.com Daily Memo
 
Wealth Management Morning Memo

MARCH 19, 2024

REGULATION AND COMPLIANCE

FINRA Fines Stifel $400K for Missing Broker Misconduct

In one case, an unnamed broker stole over $100,000 from an elderly customer’s account.

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INDUSTRY

Kingswood SPAC Takes B/D Aggregator Wentworth Public

The deal values the combined entity, Binah Capital Group, at $208 million. It starts trading under the ticker BCG.

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WHITE PAPER

PPC LOAN 2024 M&A Lending Report

Insights into the uses of traditional debt within advisor M&A.

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RIA NEWS

Caprock Makes First Acquisition, Buys $2.2B Chicago Firm

Caprock’s acquisition of Grey Street Capital brings the UHNW multifamily office to more than $11 billion AUA.

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MUST READS

Eight Investment Must Reads This Week

Grayscale has signaled that it intends to lower fees on its Bitcoin ETF. Partners Group is dipping its toes into royalties investing with plans to debut a fund for the wealth channel eventually. These are among the investment must reads we found this week for wealth advisors.

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