Morning Memo
Wealth Management Morning Memo

JULY 1, 2020

No Slowdown for Mercer

While the country slowly emerges from lockdown, the RIA continues to make a series of acquisitions on its way to becoming “the Mayo Clinic of Wealth Management.”

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Regulation

More Litigation Hits Brokers Who Sold GPB Private Placements

One law firm filed three dozen FINRA arbitration claims this week against 12 brokerages.

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High Net Worth

High-Net-Worth Taxpayers Face IRS Wealth Squad

Who’s being audited and how to respond?

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The Daily Brief

Former Stifel Recruiting Head Joins Cetera

John Pierce, who was placed on garden leave at Stifel earlier this year, takes over as head of business development at Cetera.

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Creative Planning Announces 12th Deal in As Many Months

The wealth management firm has acquired Starfire Investment Advisers, a Southfield, Mich.-based RIA with about $530 million in assets under management.

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