WealthManagment.com Daily Memo
 
Wealth Management Daily Memo

MAY 2, 2023

RIA NEWS

Six-Person Team Leaves Merrill Lynch, Creates Premier Path RIA

Launched with support from Dynasty Financial Partners, the New Jersey-based team managed $875 million at Merrill.  

FULL ARTICLE

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RIA NEWS

Former Wells Fargo Team Goes Independent With Summit Financial

Daniel Murphy and his team left Wells Fargo to establish Great Lakes Private Wealth with capital, resources and technology support from Summit.

FULL ARTICLE

WHITE PAPER

Direct Indexing: A Differentiator in a Commoditizing Industry

Learn why 42% of firms currently offer direct indexing.

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TECHNOLOGY

Snappy Kraken Merges its Marketing Tools and Data

The company’s website, automation and text messaging platforms will now be connected in one unified system, with new pricing and a single compliance platform.

FULL ARTICLE

FIXED INCOME

Financial Advice From A-Rod

What would former baseball star Alex Rodriguez do with $100,000? “I would keep it in T-bills right now.”

FULL ARTICLE

WHITE PAPER

The Cost of Being Too Liquid

Why advisors should consider developing an “illiquidity bucket.”

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