WealthManagement.com Daily Memo
 
Wealth Management Morning Memo

APRIL 16, 2024

ETFS

RIAs Likely to Shrug Off Fidelity’s New ETF Fees

Most ETF issuers have agreed to pay a new maintenance fee to Fidelity, leaving only a handful that investors will have to pay $100 service fees to purchase.

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INDUSTRY

Net New Asset Growth Pushes Morgan Stanley to $7T in Client Money

Morgan Stanley's wealth unit generated $6.88 billion in revenue in the first quarter.

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WMIQ EXCLUSIVE RESEARCH

Client Cash: Mapping an Underexplored Opportunity

Ninety-two percent of advisors report that their clients have expressed interest in HYSAs.

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INDUSTRY

Merrill Reports Record Assets, Slower Pace of New Clients

Merrill Wealth Management added around 7,300 net new clients during the first quarter, which was in line with the previous two quarters but down year-over-year.

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RPA

Is Financial Planning for All a Pipe Dream?

Does the 401(k) and workplace platform offer unique opportunities?

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WEBINAR

Why So Many Wealth Managers Are Considering M&A

Join our webinar on May 3rd, as experts discuss how wealth advisors view the M&A market and how the market for transactions is evolving in 2024.

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ETFS

A Roundup of March's ETF Launches: Part 2

Around four dozen new ETFs launched in March. The majority are equities-based with a handful based off bonds or other asset types.

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