Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

NOVEMBER 19, 2024

PEOPLE

Former Wells Fargo, Stifel Advisor Sentenced to 3+ Years for $4M Health Insurance Scheme

Kaival Patel was previously convicted of charges stemming from a plan to collect commissions on falsely prescribed compound medications, according to the Justice Department.

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RIA NEWS

Robinhood to Acquire $40B AUA TradePMR

The deal marks Robinhood’s move into wealth management. The firm says it wants to connect its investors with human advisors.

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Industrial Real Estate Opportunity for Value Investors
Stabilizing rates and tightening spreads are creating potential value.
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ETFS

Douglas Yones Leaves NYSE for ETF Provider Direxion

In his new role as CEO, Yones will be responsible for leading the company’s strategic vision and growth plans.

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MUST READS

Nine Investment Must Reads for This Week (Nov. 19, 2024)

Several of the largest equity index fund managers have extended proxy voting to mutual fund and ETF shareholders, reports Pensions & Investments. Goldman Sachs disclosed $710 million in Bitcoin ETF holdings in its latest 13F filing. These are among the investment must reads we found this week for wealth advisors.

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