Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

AUGUST 02, 2024

ETFS

Report: Morgan Stanley OKs Advisors to Pitch Spot Bitcoin ETFs

Morgan Stanley is the first wirehouse to let advisors actively solicit investments in spot bitcoin ETFs to certain clients, approving products from BlackRock and Fidelity.

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REGULATORY

GPB Capital Founder Gentile Found Guilty in Ponzi-Like Fraud

Gentile was found guilty of five counts, including securities fraud, wire fraud and conspiracy. He faces up to 20 years in prison.

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INDUSTRY

Boutique Investment Bank HamptonRock Launches Wealth Business

David Dodson, a former Oppenheimer advisor, has joined to lead the wealth management business.

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ALTERNATIVES