WealthManagement.com Daily Memo
 
Wealth Management Morning Memo

FEBRUARY 14, 2024

INDUSTRY

LPL’s Deal With Atria Reinforces the Power of Scale

One equity analyst said the acquisition of Atria transforms LPL into a “category killer” in the enterprise space.

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ESTATE PLANNING

IRS Memo Has Chilling Effect on Irrevocable Trust Modifications

Practitioners need to be aware of the tax consequences of Chief Counsel Memorandum 202352018.

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WEBINAR

Navigating Growth Strategies in Advisory Firms: Bridging Perceptions and Realities

Join us on February 28, 2024, to debunk growth myths in advisory firms and gain actionable insights.

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INDUSTRY

Morgan Stanley to Cut Several Hundred Jobs in Wealth Unit

The cuts will affect less than 1% of employees in the wealth-management business, which has about 40,000 workers and is the firm’s largest unit.

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401KTV

401(k) Real Talk Episode 93: February 14, 2024

Open, honest and candid discussion on a potential federal auto-IRA program, cybersecurity risks, a possible pension comeback, the hunt for nextgen advisors and why DC fees have declined.

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ETFS

State Street Targets $25B for Model-Portfolio Business

Model portfolios continue to grow more popular among financial advisors.

FULL ARTICLE