Wealth Management Morning Memo

SEPTEMBER 14, 2021

iCapital and Grayscale Partner On Crypto Access

Samuel Steinberger

iCapital Network and Grayscale Investments are working together to provide advisors with a new way to invest in assets like Bitcoin, Ethereum and Cardano.

Regulation

SEC: MML Investors Services Didn’t Disclose Mutual Fund Revenue Sharing Conflicts

Patrick Donachie

The subsidiary of MassMutual Holdings will pay $2.1 million in total for the alleged lapses.

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News

Capital Gains Tax Rate Set at 25% in House Democrats’ Plan

Laura Davison, Ally Chen and Erik Wasson (Bloomberg)

It currently sits at 20%.

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Industry

Wells Fargo Advisors Go Indie With LPL's Breakaway Affiliation Model

Diana Britton

Shoreline Wealth Management is the 13th team to affiliate with LPL through its Strategic Wealth Services model, which went live in April 2020 to lure breakaways.