Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

JANUARY 16, 2025

INDUSTRY

Merrill, Morgan Stanley Wealth Divisions Boost Revenue in Q4

Merrill clients and advisors expanded on their continued interest in alternative investments while Morgan Stanley’s net interest income slightly climbed despite expectations it would decline “modestly” in the fourth quarter.

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REAL ESTATE

Cambridge CTO Nick Graham Quietly Departs

Graham, who joined Cambridge in 2017, stepped down from his role on Dec. 31. The IBD is currently searching for a replacement.

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2025 MARKET OUTLOOK
Economic Growth’s Ripple Eects on Multifamily and Industrial Real Estate
Discover how the resilient U.S. economy and growth in multifamily and industrial real estate present strategic opportunities for wealth managers to guide clients toward sustained success in a dynamic market.
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TECHNOLOGY

iCapital to Buy Parallel Markets in Bid to Streamline AML Requirements

By creating the iCapital Investor Passport using Parallel Markets’ technology, the firm hopes to make complying with AML requirements more efficient.

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ALTERNATIVE INVESTMENTS

Sagard to Open New Private Equity Fund for Retail Investors

Sagard Holdings will target Canadian accredited investors with at least C$1 million ($695,000) in financial assets or more than C$200,000 in annual income

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WHITE PAPER
Apex x Facet — Case Study: Unlocking New Levels of Growth
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