WealthManagment.com Daily Memo
Wealth Management Daily Memo

FEBRUARY 25, 2019

INDUSTRY

Warburg Pincus Is Kestra Financial's New Majority Stakeholder

For now an IPO is off the table, but Warburg continues expanding its U.S. wealth management presence.

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ETFS

A Fintech Firm Crashes the ETF Party With Free Funds

SoFi, an online financial services firm, is the first company to offer zero-fee ETFs, but it likely won’t be the last.

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Go Beyond "Active and Passive" Investment Options

Preparing clients for changing markets means going beyond "active and passive" investment options.

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INDUSTRY

BofA Said to Drop Merrill Lynch Name From Investment Bank Brand

Bank of America will also drop the U.S. Trust name from its private bank.

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