WM Morning Memo
 
Wealth Management Daily Memo

SEPTEMBER 14, 2024

HIGH NET WORTH

How a Trump or Harris Presidency Might Affect Different Social Classes

From taxes to tariffs, several changes are being discussed on the campaign trail that would result in new benefits for some and new burdens for others.

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INDUSTRY

Morgan Stanley Fined $2M Over First Republic Stock Sales

Morgan Stanley will pay the fine to settle the investigation by the Massachusetts Securities Division.

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2024 WEALTHIES

Scenes from the 10th Annual WealthManagement.com Industry Awards

The 2024 "Wealthies" Awards were held on Sept. 5 at the Ziegfeld Theater in New York City.

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INDUSTRY

Morgan Stanley Sues Advisor Who Left for Raymond James

The wirehouse is accusing Corbin Hoffner of abruptly departing for Raymond James and soliciting the clients of a recently retired advisor just days after he took over the accounts.

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WEBINAR
Ethereum in Focus: Building Future-Focused Investment Portfolios
Join us for an educational webinar where Grayscale's Global Head of ETFs, Dave LaValle, and Head of Research, Zach Pandl, answer top-of-mind questions from financial professionals on Ethereum
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RIA NEWS

The Future of Organic Growth Goes Beyond Referrals

Chief executives at some of the largest and fastest-growing RIAs in the country argue for the need to institutionalize business development.

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REGULATION & COMPLIANCE

RIAs to Pay $1.2M To Settle SEC Marketing Rule Violations

The firms named include Integrated Advisors Network, Richard Berstein Advisors and Abacus Planning Group, all of which paid six-figure fines.

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TECHNOLOGY

Prospecting and Lead Generation Startup Cashmere Raises $3.6M

The AI-driven platform, which launched in 2022, shares many similarities with Finny and Aidentified.

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ESTATE PLANNING

Ramones’ Heirs Feud Over the Band’s Legacy

Latest lawsuit accuses Johnny’s widow of trademark infringement.

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RETIREMENT NEWS

Voya to Acquire OneAmerica’s $60B Retirement Plan Business

For an upfront purchase price of $50 million, the deal brings $47 billion of assets in the emerging and mid-market retirement plan segments and competitive ESOP administration.

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