WM Morning Memo
 
Wealth Management Daily Memo

MARCH 04, 2025

INDUSTRY NEWS

Investor Sues Captrust Over Acquired Firm's Slow Response to Stop Scammers

In a new lawsuit, Jessica Schwartz claimed fraudsters stole over $360,000 in retirement savings, with the firm overseeing her accounts allegedly taking weeks to freeze them.

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RIA NEWS
Mercer Adds M&A Lawyer to Partner Development Team
Ted Motheral, a former partner at Potomac Law Group, will serve alongside Martine Lellis as principal of M&A partner development.
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ALTERNATIVE INVESTMENTS

SEI Launches Alts Marketplace

SEI is building off its position as a top administrator of U.S. private assets.

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RIA NEWS

$8B Chilton Trust Adds Five Advisors

Two advisors joined from a larger New York-based family office, Bessemer Trust.

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ETFS

State Street’s New Private Credit ETF Headlines February’s Launches

Two other notable February ETF launches are the first to be compliant with the SEC’s 2a-7 money market fund requirements.

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