Morning Memo
Wealth Management Morning Memo

MAY 29, 2021

INDUSTRY

Merrill’s New Training Program to Focus on Developing Bank Talent

The new program will also include a ban on cold-calling and a shorter period to complete the program, from 36 to 18 months.  

FULL ARTICLE

TECHNOLOGY

Raymond James Bets Big on Client App and AI

As if Zoom weren't enough, the broker/dealer is working on an augmented reality application that will allow advisors and clients to 'meet' in a virtual room.

FULL ARTICLE

SPONSORED CONTENT

Responsibility in Wealth

HNWIs’ ESG investing needs and what they expect from their wealth manager.

DOWNLOAD

PEOPLE

Former $1B AUM JP Morgan Brother-Sister Team Launches RIA With Dynasty

The duo, which oversaw more than $1 billion at JP Morgan, launches The Invictus Collective with backing of Dynasty Financial Partners.

FULL ARTICLE

REAL ESTATE

Capital Flows to Private Equity Real Estate Funds Remain Lackluster

Fund managers are having a tougher time reaching fundraising targets, requiring them to stay in the market longer than intended.  

FULL ARTICLE

SPONSORED WEBINAR

Turning Accumulated Retirement Savings into a Revenue Stream

This presentation is designed to help financial professionals develop retirement income strategies that retirees will understand and embrace. Attend on June 16th at 2pm ET / 11am PT.

REGISTER NOW

INDUSTRY

Merrill’s Andy Sieg Believes the Best Is Yet to Come for Wealth Management

Merrill Lynch Wealth Management President Andy Sieg shares the reasoning behind his positive outlook.

FULL ARTICLE

INDUSTRY

Raymond James to Convert 80 Corporate Offices Into Zoom Rooms

The firm is also working toward a hybrid work environment for its branch offices, to facilitate both human and mobile interactions, said CEO Paul Reilly.

FULL ARTICLE

REGULATION AND COMPLIANCE

Milwaukee Broker Busted for $2.6 Million Fraud Scheme

Edward E. Matthes pleaded guilty to wire fraud charges last year; his 27 victims included many elderly investors as well as his parents, according to the Justice Department.  

FULL ARTICLE

TECHNOLOGY

Biden Administration Proposes Beefing Up Cryptocurrency Reporting

Will new standards help legitimize virtual currencies?

FULL ARTICLE

CELEBRITY ESTATES PODCAST

Clare Bronfman, NXIVM, Sex Cults and the Importance of Financial Education

The Seagram's heiress's association with the pseudo-intellectual sex cult NXIVM highlights the importance of educating the next generation.  

LISTEN

INDUSTRY

Red Flags to Look For When Selling Your RIA

Leaders in the RIA M&A space discussed some of the traps sellers should be aware of during a virtual roundtable by Advisor Growth Strategies.  

FULL ARTICLE