WealthManagement.com Daily Memo
 
Wealth Management Morning Memo

MAY 7, 2024

RIA NEWS

WEG Acquires $809M The Retirement Group

This is Wealth Enhancement Group’s fourth transaction this year and its 18th location in California.

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INDUSTRY

LPL’s Strategic Wealth Services Lures $830M Team

The team, which has created Thimble Island Private Wealth, joins from Janney Montgomery Scott.

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RESOURCE CENTER

Recruiting and Mentoring Next-Gen Advisors

Discover the future of financial advisory as experts discuss the importance of hiring next-gen advisors for firm growth.

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INDUSTRY

$585M Wells Fargo Team Jumps to DayMark Wealth Partners

Thomas Hofstetter and Daniel Baron will join the Ohio-based DayMark, a Dynasty Financial Partners member firm managing about $2.5 billion in assets.

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ALTERNATIVE INVESTMENTS

11 Investment Must Reads for This Week

After nearly four months of steady outflows, Grayscale’s Bitcoin ETF broke its losing streak and posted its first net inflows since January. Several asset managers made moves to bolster their products targeting the private wealth channel. These are among the investment must reads we found this week for wealth advisors.

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