WealthManagement.com Daily Memo
 
Wealth Management Morning Memo

FEBRUARY 5, 2024

RIA NEWS

Summit Financial Hits $10B in Assets With 2 Acquisitions

Garrett, Perkins & Horton Advisory Partners and Brad Werner & Company joined the registered investment advisory platform under the Summit Growth Partners minority-ownership model.

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ETFS

Magnificent 7 Covered Call ETF Gets a Lukewarm Reception

The ETF is an attempt to ride the wave of the so-called Magnificent 7 tech stocks in a covered call ETF, which offers investors some tax benefits, but limits flexibility and upside, according to industry pros.

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SPONSORED CONTENT

Q4 2023 Valuation Trends by Geography and Property Type

Join this webinar to see underlying variances in returns and analysis across metropolitan markets using Altus’ extensive valuation dataset.

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INDUSTRY

Moody’s, Fitch Affirm Osaic’s Credit Ratings

Osaic’s acquisition of Lincoln will have minimal impact on the wealth management firm’s debt leverage and interest coverage, the ratings agencies said.  

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INDUSTRY

$165M New Jersey Advisor Joins Raymond James from UBS

Andrew Ober has worked in the industry for over 40 years, including a multi-decade stint at Merrill Lynch. He’s joining Raymond James' independent advisor channel.

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