WM Morning Memo
 
Wealth Management Daily Memo

AUGUST 26, 2024

GALLERY

Top 10 Cities for Advisor Demand

Organic growth has become a challenge for wealth managers. Advisors in these 10 cities, where demand for their services is high, may have a better chance at it.

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RIA CHANNELS

Merrill Loses $400M Breakaway to Sanctuary, $438M Advisor to RBC

Advisor Katie Medina and her team launch TOVA Wealth, with Sanctuary's support, while John Terrion leaves Merrill to join RBC's Boulder, Colo. office.

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INDUSTRY

Member of Nobel Family Invests in US Wealth Firm

A consortium led by Peter Nobel investing as much as $25 million in Cardea, which is rebranding to Fourcore Capital.

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TECHNOLOGY

AI-Focused AlphaTrAI Acquires Anchor Advisory Services

The six-year-old company, led by former LPL exec Bill Dwyer, will integrate its AI capabilities into Anchor's sales enablement platform.

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