WM Morning Memo
 
Wealth Management Daily Memo

NOVEMBER 23, 2024

TECHNOLOGY

Robinhood to Acquire $40B AUA TradePMR

The deal marks Robinhood’s move into wealth management. The firm says it wants to connect its investors with human advisors.

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HIGH NET WORTH

Sophisticated Internet Scams Targeting Elderly Clients Are Rampant

Help prevent your clients from falling victim to fraud.

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FASTCHAT VIDEO
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REGULATION & COMPLIANCE

SEC Chair Gary Gensler to Depart on Trump’s Inauguration Day

Gensler’s term was set to expire in 2026, but he announced today that he will leave on Jan. 20, 2025. He called working with the commission’s staff “an honor of a lifetime.”

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INDUSTRY

$350M Ohio Firm Joins the Migration from Osaic to LPL

Strata Financial Group opted to move to LPL because of its “transparency and robust public presence,” according to one advisor.

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ESTATE PLANNING

Estate Planning Services Are Becoming Table Stakes

Clients increasingly view estate planning as a core element of holistic wealth management, not just a one-time task, according to a survey from online estate planning platform Vanilla .  

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HIGH NET WORTH
FASTCHAT VIDEO
Finding the Right Partner for an Evolving Practice
Wells Fargo Advisors offers full career lifecycle support for top performing advisors looking to accelerate their growth.
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ETFS

'Trump Trade' Moderates as Dispersion Between Sector ETFs Normalizes

In all three recent presidential elections, sector dispersion tends to become elevated immediately after results are announced.

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INDUSTRY

How Will Trump’s Victory Impact Wealth Management M&A?

The election outcome means current tax rates are likely to stay, which could enable some dealmakers to take a bit more time closing ongoing acquisitions.

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TECHNOLOGY

Advyzon To Rollout New Platform For UHNW Clients

Auria will combine portfolio management, performance reporting, CRM and other tools.

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RIA NEWS

Allworth Boosts Tax Services with Acquisition of Bay Area CPA Firm

Allworth adds 25 tax professionals with its purchase of CCA, a CPA firm in Pleasant Hill, Calif.

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