Morning Memo
 
Wealth Management Morning Memo

MAY 11, 2024

iCapital Launches its First Model Portfolio

iCapital Multi-Asset Portfolio will give financial advisors access to funds focusing on private equity, private credit and real asset strategies.

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High Net Worth

The 11 U.S. Cities With the Most Millionaires

New York leads the way, followed by the Bay Area.

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WMIQ RESEARCH REPORT

Increased M&A Interest Aligns with Steadily Climbing Firm Valuations

Opportunity awaits as financial advisors navigate and capitalize on stable economic environments.

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RIA Channels

AlTi Tiedemann Global Acquires $3B Multi-family Office Envoi

The deal adds to AITi’s recent moves aimed at expanding its scale and entering new markets to serve UHNW clients.

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Regulatory

Former Merrill Advisor Claims Firm Withheld Compensation, Violating ERISA

Kelly Milligan filed a class action complaint in federal court, arguing he lost $500,000 in deferred compensation after leaving the wirehouse several years ago. One attorney estimated more than 1,000 former Merrill advisors have a similar story.

FULL ARTICLE

WEBINAR

Structured Protection ETFs™: Gain Greater Risk Control Over Equity Markets

Join us on May 16, to discover how Calamos Capital Protected ETFs™ are reshaping investment strategies with complete protection and growth potential in major equity markets.

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What's in My Model Portfolio?

Schechter Investment Advisors: Long-Term Allocators With Direct Indexing at the Core

Aaron Hodari, the chief investment officer at Schechter, provides a peek inside the $3.45 billion RIA’s moderately aggressive model portfolio.

FULL ARTICLE

RIA News

Integrated Partners Promotes Andree Mohr to President

The move will allow CEO and founder Paul Saganey to focus on coaching the firm’s advisors working with higher-net-worth clients.

FULL ARTICLE

Technology

RightCapital Launches Integrated Risk Tolerance Tool

The planning provider has seen significant demand from advisors, contributing to the rollout of RightRisk.

FULL ARTICLE

RIA News

$800M Team Joins Raymond James’ Independent Channel From Commonwealth

The five advisors are based in Newton Lower Falls, Mass. and will form Lightship Wealth Strategies.

FULL ARTICLE

RIA Channels

WEG Acquires $809M The Retirement Group

This is Wealth Enhancement Group’s fourth transaction this year and its 18th location in California.

FULL ARTICLE

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