WealthManagement.com Daily Memo
Wealth Management Daily Memo

APRIL 20, 2021

INDUSTRY

Morgan Stanley Sells Recently Acquired E*Trade Custody Unit To Axos

The RIA custody business represented a "channel conflict" for Morgan Stanley, which sold it to Axos Financial for $55 million.

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REGULATION AND COMPLIANCE

SEC Bars Kentucky Advisor Serving Jail Sentence for Fraud

The settlement between the SEC and Chistoper Hibbard comes several months after he was sentenced to more than eight years in jail for defrauding numerous clients.

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SPONSORED CONTENT

Is Domestic Dominance At An End?

If domestic equities fade, here's what clients need to know.

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EQUITIES

Does 'ESG' Spell 'Embellished Shiny Grading?'

The hyper focus on sustainable investing is reminiscent of previous bubbles, specifically the dot.com boom and bust.

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INDUSTRY

Banks Bet on Wealthy Clients Who Got Even Richer During Pandemic

The world’s 500 richest people added $1.8 trillion to their combined net worth last year, lifting the total to $7.6 trillion.

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FASTCHAT VIDEO

Uncover Hidden Value in Credit

Discover more about VanEck's recently launched fixed-income ETFs.

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