WealthManagment.com Daily Memo
Wealth Management Daily Memo

MAY 9, 2019

INDUSTRY

Reverence Capital Close to a Deal to Buy Advisor Group, Report Says

The New York-based private equity firm is expected to finalize a deal to acquire the IBD network as early as Thursday, according to Bloomberg.

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INDUSTRY

Morningstar CEO Challenges Advisors on Fees, Warns of Private Equity

Asset management fees are falling but the cost to investors remains “stubbornly high,” said Morningstar CEO Kunal Kapoor at the opening of the research firm's annual investor conference in Chicago.

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SPONSORED CONTENT

Preparing for a Populist Future

Markets have yet to grasp the impact of radical economic policies.

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TECHNOLOGY

Robo Adds Direct Indexing SMA Platform For Advisors

OpenInvest’s Optimus platform is designed for advisors who want to differentiate their businesses by providing customized, ESG-responsive portfolios, says co-founder Josh Levin.

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