WealthManagment.com Daily Memo
Wealth Management Daily Memo

JULY 14, 2020

INDUSTRY

Wells Fargo Profit Plunges 70% in Wealth and Investment Management

Wells Fargo's wealth unit reported net income of $180 million during the second quarter, down 70% year-over-year and 61% sequentially, as advisor headcount continues to shrink.  

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PEOPLE

CFP Board Elects First Black Woman Board Chair-Elect

Kamila McDonnough, the president of an RIA firm and a member of the CFP Board, will take over the role of Board Chair in 2022, becoming the first Black woman to do so.

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SPONSORED CONTENT

Navigating Uncertain Waters: Preparing for a Post-Pandemic World

Dr. Hasenstab and team examine the economic implications of the global pandemic and look ahead to a post-virus world.

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BUSINESS PLANNING

RIA M&A: Cash Deal Now, Or Opportunity Later?

Cash might be king, but accepting cash-heavy deals now may come at the opportunity cost of more options in the future.

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