Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

JULY 18, 2024

RIA NEWS

Schwab Benchmarking: RIA Growth Rebounds in 2023

After a rough 2022 with negative growth rates across the board, many independent RIAs rebounded last year, posting median organic growth of 5%, according to Schwab’s RIA Benchmarking report.

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ALTERNATIVE INVESTMENTS

Blackstone Reports Raising $7.5B in Wealth Products in Q2

The alternative asset investment behemoth also teased two new strategies aimed at wealth clients to launch in 2025.

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REGULATION AND COMPLIANCE

FINRA Suspends Former Morgan Stanley Rep For Reg BI Violations

According to the brokerage regulator, Laura Casey purchased securities in clients’ brokerage accounts when she could have avoided sales charges by using advisory accounts.

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PEOPLE
Cetera’s Chief Sales and Growth Officer to Retire
Tom Taylor, who's been with Cetera for nearly three decades, will depart at the end of the year, while the firm searches for a replacement.
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