Morning Memo
 
Wealth Management Morning Memo

APRIL 20, 2024

EQUITIES

The Top 15 Wealth-Destroying Stocks of the Last Decade

Advisors may want to reconsider any allocation to these 15 companies, as they’ve been shown to wipe out investors’ wealth—even over the long term.

FULL ARTICLE

Advertisement

ESTATE PLANNING

Can O.J. Simpson’s Executor Stiff-Arm the Goldman Family?

Or will the family be able to squeeze the over $33 million they’re owed in civil judgments out of The Juice’s estate?  

FULL ARTICLE

TECHNOLOGY

Report: Envestnet Explores Sale; Stock Price Spikes

Envestnet has received interest from private equity firms, including Bain Capital, according to a press report.

FULL ARTICLE

RIA NEWS

Verdence Expands, Rebrands OCIO Service

Verdence/RIA+ will continue to offer outsourced investment management, with added services around succession, compliance and more.

FULL ARTICLE

TECHNOLOGY

Former LPL Exec Joins TIFIN as President, Chief Revenue Officer

Rob Pettman, an LPL veteran of 19 years, has joined the technology incubator.

FULL ARTICLE

ETFS

RIAs Likely to Shrug Off Fidelity’s New ETF Fees

Most ETF issuers have agreed to pay a new maintenance fee to Fidelity, leaving only a handful that investors will have to pay $100 service fees to purchase.

FULL ARTICLE

ETFS

A Hundred Years On, Firm Behind First Mutual Fund Plans ETFs

MFS Investment Management has applied to create five actively managed exchange-traded funds spanning stocks and bonds, according to SEC filings.

FULL ARTICLE

INDUSTRY

Raymond James Gains Advisor From Morgan Stanley, Loses One to LPL

Taimur Baig’s move to Raymond James from Morgan Stanley is the latest of several teams joining the firm’s employee advisor channel from the wirehouse this year.

FULL ARTICLE

BUSINESS PLANNING

We’re in the Early Innings of the Consolidation Game

It's too soon to say who will win.

FULL ARTICLE

INDUSTRY

Net New Asset Growth Pushes Morgan Stanley to $7T in Client Money

Morgan Stanley's wealth unit generated $6.88 billion in revenue in the first quarter.

FULL ARTICLE

CONNECT WITH US

EVENTS

Image
Inside ETFs | RIA EDGE | WealthStack
 

RESOURCES

COMMUNITY

LinkedIn Twitter Facebook
YouTube Google News RSS

 

 

Did someone forward you this newsletter? Sign up here to receive it direct.

You are subscribed to this newsletter as newsletter@newslettercollector.com

To ensure uninterrupted delivery of this critical eNewsletter alert be sure to add WealthManagement.com and the reply address to your list of safe sender contacts.

Questions or problems? Contact Customer Service

WealthManagement.com | Informa | 605 Third Avenue, 22nd Floor, New York, NY 10158
© 2024, Informa USA, Inc., All Rights Reserved.

 

 

Manage Subscriptions | Archive | Advertise | Privacy Policy
 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -