Morning Memo
 
Wealth Management Morning Memo

FEBRUARY 4, 2023

RIA NEWS

Sanctuary's CEO Jim Dickson Suddenly Departs the Firm

Sanctuary’s board has named former Ladenburg Thalmann executive, and Sanctuary board member, Adam Malamed to lead the firm. Dickson has no further role at the company, according to executives.

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RIA NEWS

Focus Financial Negotiating $4.1B Sale to PE Firm CD&R

If a sale to private equity firm Clayton, Dubilier & Rice is approved at $53/share, Focus will cease to be a publicly-traded company.

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RESOURCE CENTER

2023 Outlook - A Tale of Two Economies

The key question of 2023: Will there be a hard or soft landing? Strategists offer their insight and discuss strategies that are potentially well positioned for the year ahead.

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HIGH NET WORTH

Seven States Introduce Legislation Aimed at the Wealthy

Taxpayers would have to pay annual taxes on asset values rather than income.  

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HIGH NET WORTH

The New SECURE Act 2.0 and What it Means

The Biden administration takes a second bite of the retirement apple.  

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WMIQ EXCLUSIVE RESEARCH

Make 2023 the Year of Efficiency

The 2022 WealthStack survey higlights the need for advisors, c-suite executives and others in the industry to enter 2023 focused-on-client needs and the technology that will help serve them.

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REAL ESTATE

Redemption Requests Raise Eyebrows for Non-Traded REITs

Blackstone has borne the brunt of capital outflows, but ripple effects continue to sweep through the broader sector.  

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PEOPLE

Gavin Spitzner, Popular and Outspoken Advisor Tech Consultant, Dies at 57

On social media and at industry gatherings, Spitzner was open and transparent about his acute myeloid leukemia diagnosis.  

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WEALTHMANAGEMENT EDGE

The Time Is Now

Learn more about this once in a lifetime bull market for advice at WealthManagement EDGE, May 21-24, 2023 at The Diplomat Beach Resort, Hollywood, Fla.

REGISTER NOW

ESTATE PLANNING

Is It Time to Make a Caregiving Plan?

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RIA NEWS

Sanctuary Wealth Cuts Ribbon on Flagship NYC Location

Sanctuary Wealth held a grand opening for its new East Coast headquarters on Madison Avenue in New York City.  

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RIA NEWS

Savant Lures New M&A Head From The Mather Group

Patrick Lawlor will help execute on Savant’s five-year growth plan, which includes an accelerated M&A strategy.

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HIGH NET WORTH

Americans Are Leaving High-Tax New York and Moving to Florida

New Jersey, California and Illinois are also among the places losing residents as lower costs draw people to the Sun Belt.

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