WealthManagement.com Daily Memo
Wealth Management Daily Memo

MAY 5, 2021

TECHNOLOGY

InvestCloud Buys NaviPlan Parent Company Advicent

Advicent's financial planning capabilities will complement InvestCloud's existing warehouse of wealth management applications.

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ESTATE PLANNING

‘Beat It’: Michael Jackson’s Estate Scores Major Win Over IRS

The Tax Court’s decision may have further implications for valuing a celebrity’s name and likeness rights.

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SPONSORED CONTENT

Managing Irrevocable Trust Assets: Heed the “Guardrails”

Are you fully aware of risks and responsibilities involved with managing irrevocable trust assets?

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REGULATION AND COMPLIANCE

Chicago Advisor Sentenced To 13 Years in Prison For $5.1 Million Scheme

Prosecutors argued DaRayl Davis preyed on fellow church members and friends, defrauding at least 25 investors over a period of 15 years.

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SPONSORED CONTENT

Adding Value in a World of Free

How do you differentiate as an advisor when investors can now get what you traditionally offered for free?

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MICHAEL KITCES' #FASUCCESS PODCAST

The Positive Marketing Results Matt Gulbransen Sees From Direct Mail Seminar Events

Pine Grove Financial Group's Matt Gulbransen discusses the ROI that can still be generated from a marketing funnel built around direct mail seminars.

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HIGH NET WORTH

Rockefeller’s Fleming Sees Taxes Rising on the Corporate ‘Honeypot’

Rockefeller has been on a hiring tear in recent years, adding advisers across the U.S. from rivals including Morgan Stanley and Merrill Lynch, including two dozen new teams in 2020.

FULL ARTICLE

INDUSTRY

Fidelity Saw New Accounts and Trading Soar in First Quarter

The Boston-based firm added 4.1 million new accounts in the first quarter, more than double the year-earlier period.

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SPONSORED WEBINAR

Envisioning Today’s Growth Plan

The growing trend pre-pandemic to leverage technology for greater business efficiency has only accelerated. Join us online on May 11th to hear industry experts discuss the recent trends influencing technology buying and share tips that can set you up for success.

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