Morning Memo
 
Wealth Management Morning Memo

MAY 8, 2024

HIGH NET WORTH

The 11 U.S. Cities With the Most Millionaires

New York leads the way, followed by the Bay Area.    

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ETFS

Hightower Amasses $68M in Bitcoin ETF Stakes

The investments represent the highest reported position yet on spot bitcoin ETFs by an RIA.

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RESOURCE CENTER

7 Key Risks to Avoid in Your Financial Advisory Practice

Stay ahead in business by proactively evaluating risks and adapting to the evolving environment to ensure sustained success without the need for later plan adjustments.

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PEOPLE

AdvicePay Promotes Kelsey Lewis To President

Co-founder Alan Moore will retain his role as CEO of the Bozeman, Mont.-based billing and payment system for financial advisors.  

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REGULATION AND COMPLIANCE

Commonwealth Appeals $93M Share Class Ruling

The IBD filed a notice to appeal with the First Circut Court of Appeals after a Massachusetts federal judge ruled in favor of the Securities and Exchange Commission.

FULL ARTICLE

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