WM Morning Memo
 
Wealth Management Daily Memo

NOVEMBER 05, 2024



New RIA Acquirer Comes to Market With First Deal
Aspen Standard Wealth has taken a majority stake in Summitry, a $2.8 billion RIA, as it aims to hold wealth management firms permanently and solve some of their pain points.
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Former Merrill Lynch Leader John Thiel Launches RIA

Thiel has founded the new RIA alongside a number of former Merrill veterans.

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SPONSORED CONTENT
Investing in Climate Change
Parnassus supports companies involved in addressing climate risks.
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SEC: Firm Used Athlete Endorsements Without Disclosing Payment

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

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Rage Donating: How To Turn Anger Into Altruism

Channeling this destructive emotion by donating to an important cause is a way to take back power and make a difference.

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Clarity as a Competitive Edge

The goal isn’t to sound sophisticated—it’s to be understood.

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RESOURCE CENTER
Focus on the Future: Adapting to the Next Generation of Investors
Industry leaders discuss the role of Diversity, Equity and Inclusion in shaping the future of wealth management