WealthManagement.com Daily Memo
 
Wealth Management Morning Memo

OCTOBER 26, 2023

INDUSTRY

Raymond James Recruiting Slows Down

“What we’re not seeing in number of advisors, we’re seeing in size of teams,” said CEO Paul Reilly.

FULL ARTICLE

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ETFS

Schwab Study: Millennials Want Fixed Income With Feels

A new Schwab survey finds millennials are investing in products that both guarantee income and align with their values.

FULL ARTICLE

WMIQ EXCLUSIVE RESEARCH

Now Available: The 2023 RIA Edge Study

Discover the latest insights on growth, M&A, and marketing trends in the ever-evolving RIA industry with the 2023 RIA Edge Study.

DOWNLOAD THE REPORT

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REGULATION AND COMPLIANCE

SEC Charges Former WEG Advisor for Defrauding Elderly Clients

The commission accused Julie Anne Darrah of a multi-year scheme targeting elderly female advisory clients spanning from before and after her firm joined Wealth Enhancement Group.

FULL ARTICLE

PEOPLE

Morgan Stanley’s Ted Pick Will Succeed James Gorman as CEO

Pick beat out two other CEO contenders: Co-President Andy Saperstein and Dan Simkowitz, who has led investment management.

FULL ARTICLE