Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

JULY 16, 2024

INDUSTRY

Charles Schwab Execs: TD Ameritrade Transition Has Gone 'As Anticipated'

CEO Walt Bettinger said asset and revenue attrition levels from the integration of the two firms are below original estimates.

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INDUSTRY

Morgan Stanley, Merrill Face Lower Net Interest Income, Strong Fee Revenue

Morgan Stanley CEO Ted Pick said fee-based flows remained a “growth space” for the business, while Merrill CFO Alastair Borthwick said high asset management fees offset the NII dip.

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RIA NEWS

Focus to Merge $3.8B Gratus Capital Into The Colony Group

Atlanta-based Gratus Capital is the latest to be rolled up as part of Focus Financial’s hub strategy.

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RIA NEWS

$1.2B Team Departs Certuity to Launch New RIA

A team led by Kara Boccella has left Certuity to create Serenus Wealth Advisors in Santa Monica, Calif.

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