Morning Memo
 
Wealth Management Morning Memo

JULY 13, 2024

HIGH NET WORTH

IRS Stops Complying with Treasury Directive on Auditing Wealthy Taxpayers

The agency shifts its focus to a wider income range.

FULL ARTICLE

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TECHNOLOGY

Bain Capital to Acquire Envestnet

Valued at $4.5 billion, the technology behemoth to advisors will be taken private with minority stakes from key strategic partners.

FULL ARTICLE

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Building a Wealth Management Team for the Future

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INDUSTRY

The Top Employee and Independent Broker/Dealers

Stifel had the highest satisfaction score among employee advisors, while Commonwealth took the top spot among independents, according to J.D. Power’s latest ranking.

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RIA NEWS

Former Edward Jones Advisors Launch Breakaway Support Platform

Uptick Partners debuts with an Alabama-based team as its first breakaway. Its goal is to help non-protocol, captive advisors go independent.

FULL ARTICLE

PEOPLE

RFG Promotes Shannon Spotswood to CEO

Spotswood, who has led day-to-day operations of RFG for the past nine years, succeeds founder Bobby White, who moves into an executive chairman role.

FULL ARTICLE

RIA NEWS

Coldstream, Arnerich Massena Merge to Create $10B RIA

With this latest deal included, Coldstream has nearly doubled in size over the last three years without taking any outside capital.

FULL ARTICLE

COLLEGE PLANNING

How to Check the ROI of Academic Programs

On the Foundation for Research on Equal Opportunity website, advisors and clients can search for the ROI of individual programs offered by private and state colleges and universities.

FULL ARTICLE

EQUITIES

Stock Picker’s Markets Don’t Exist

Active management is a loser’s game.

FULL ARTICLE

ESTATE PLANNING

Pros and Cons of a Living Inheritance

It can be a “financial helping hand” and a great way to test-drive how well the adult kids will handle their inheritance when the time comes.

FULL ARTICLE

REAL ESTATE

Where Public REITs Stand at Midyear

REIT total returns rose for the second straight month and are approaching a break-even point for the year.

FULL ARTICLE

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