Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

JANUARY 31, 2025

RIA NEWS

N.J.-Based Yorkville Advisors Affiliate Tapped as RIA for Trump Media’s Truth.fi

The investment manager, who will advise on investments and financial products for Truth.fi, has a prior relationship with Trump Media and beat out SEC allegations of falsifying investment results in 2018.

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INDUSTRY

Acquisitions Fuel LPL Q4 Recruiting Results

Despite advisor movement remaining below historical norms, LPL is growing its win rate in the recruiting game, said CEO Rich Steinmeier.

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FASTCHAT VIDEO
Unlock Specialized Client Services with the Private Bank
Discover how high-net-worth clients can have a “full array of options” for investing and banking capabilities at Wells Fargo.
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TECHNOLOGY

Orion Deepens Integrations With Snowflake, Pontera

Announced separately this week, the updated technology will provide firms with more choice in cloud data management and access to workplace retirement plans from within Orion Trading.

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INDUSTRY

Raymond James Sees Recruiting Cool; Ameriprise Adds 91 Advisors

In earnings calls, both Raymond James and Ameriprise cited strong recruiting pipelines as they beat analysts’ income estimates.

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RIA NEWS

Summit Stakes $700M Missouri Firm

The investment in Genex Consulting represents Summit’s first of the year.

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