Morning Memo
 
Wealth Management Morning Memo

MARCH 16, 2024

ALTERNATIVE INVESTMENTS

Getting into the Game: How Private Equity Funds Have Jumped into Professional Sports

Rising valuations and growing opportunities for media rights and sponsorships make professional sports teams an attractive bet. However, data on how these investments will work in the long term remains scarce.

FULL ARTICLE

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INDUSTRY

Advisor Claims LPL Ran a 'Classic Corporate Raid' On His Firm

LPL is accused in a lawsuit of convincing three of the advisors at Lamkin Wealth Management and their clients to leave the firm, allegedly resulting in a $450 million AUM drop overnight.

FULL ARTICLE

WHITE PAPER

Marketing Matters: Let’s Make Some Noise

If clients aren’t hearing your story, they’re listening to someone else’s.

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REGULATION AND COMPLIANCE

Top 5 FINRA Enforcement Issues in 2023 Included Reg BI, Spoofing

Though the number of fines increased from 2022 by 63%, the disciplinary actions declined for the third straight year, according to an analysis from the law firm Eversheds Sutherland.

FULL ARTICLE

HIGH NET WORTH

Contrasting the Financial Priorities of Trump, Biden

The first terms of President Joe Biden and Donald Trump provide an idea about how they may manage the economy and how financial markets may react.  

FULL ARTICLE

TECHNOLOGY

Apex Continues To Make Moves To Compete With Big Three Custodians

The firm revealed Tuesday it acquired AdvisorArch, a portfolio management company and rebalancer.

FULL ARTICLE

RIA NEWS

Q&A: Bob Oros Reflects on 5 Years of Growth at Hightower

After presiding over infrastructure expansion, a shift in strategy and more than $80 billion in asset growth, Hightower’s CEO shares his thoughts on the job, the industry and recent rumors of a sale.

FULL ARTICLE

PEOPLE

Ex-Osaic Employee Files Disability Discrimination Lawsuit Over COVID-19

Julietta Scruggs claims she has a weakened immune system yet was denied the ability to work remotely, then fired after contracting the virus and taking an extended leave.

FULL ARTICLE

HIGH NET WORTH

President Biden Releases Budget Proposal for Fiscal Year 2025

This year’s plan calls for trillions in tax increases on the wealthy and corporations.

FULL ARTICLE

ETFS

ETFs With the Greatest Outflows in the Past Month

These funds lost the most money over the last 30 days.

FULL ARTICLE

INDUSTRY

LPL Adds $345M Lincoln Financial Advisor

Birmingham, Ala.-based Brian Pflaum evaluated his options when his broker/dealer, Lincoln Financial Advisors, decided to sell to Osaic.

FULL ARTICLE

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