WealthManagment.com Daily Memo
 
Wealth Management Morning Memo

OCTOBER 18, 2023

INDUSTRY

Morgan Stanley Asset Growth Slows in Q3

New new assets gathered in the wealth management division were down 60% sequentially, but CEO James Gorman said these numbers tend to bounce around.

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RIA NEWS

Concurrent Adds Schwab as Second Custodian

A year after announcing it would leave Raymond James and restructure from an OSJ to a hybrid, multi-custodial RIA, Concurrent says it recruited more than $1 billion in assets and added Schwab as a custodian.

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WHITE PAPER

Alternative Investments Are an Increasingly Popular Tool in Client Portfolios

Greater education around alternatives and the need for diversified assets have boosted use — and there is still room to grow.

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401KTV

401(k) Real Talk Episode 81: October 18, 2023

Open, honest and candid discussions about the latest news in the RPA industry.

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ALTERNATIVE INVESTMENTS

How Advisors Can Address the Risks Currently Facing Client Portfolios

When markets are performing poorly, clients’ portfolio values can decline, giving clients the sense that they aren’t making progress toward goals and those goals seem harder to achieve.

FULL ARTICLE