WealthManagment.com Daily Memo
Wealth Management Daily Memo

MARCH 3, 2020

INDUSTRY

Supreme Court Reviews SEC Authority to Seek Disgorgement

If the SEC’s no longer able to seek disgorgement, it could leave “a massive hole in the enforcement system.”

FULL ARTICLE

ADVISOR CHANNELS

AssetMark’s Latest Acquisition Provides an Entrée into Bank Trust Channel

The turnkey asset management platform’s deal with OBS Financial provides a “low-risk entry point” into the $500 billion bank trust channel.

FULL ARTICLE

EQUITIES

Fed Cuts Half Point in Emergency Move Amid Spreading Virus

The Fed unanimously voted to cut rates to a range of 1% to 1.25% in the wake of the coronavirus

FULL ARTICLE