Morning Memo
 
Wealth Management Morning Memo

JULY 20, 2024

HIGH NET WORTH

Will Presidential Immunity Ruling Weaponize the IRS?

A recent U.S. Supreme Court decision raises concerns among tax lawyers.

FULL ARTICLE

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RIA NEWS

World Investment Advisors Acquires $3.5B Raymond James Team

Fresh off a rebrand, World Investment Advisors adds Boston Harbor Wealth Advisors, as it continues to build out its wealth business.

FULL ARTICLE

SPONSORED VIDEO

Building a Wealth Management Team for the Future

Discover how Cambridge Investment Research fosters a culture of inclusion to attract diverse talent.

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TECHNOLOGY

Global IT Outage Affecting Microsoft Systems Hits Wealth Management

The outage began early Friday morning with a software update from the cybersecurity provider Crowdstrike as the likely culprit. Schwab posted on its website a message warning users of potential issues.

FULL ARTICLE

ETFS

Raymond James to Make First Foray Into ETFs in 2025

Mo Sparks, the former director of exchange-traded products at the NYSE and a Vanguard veteran, will lead the initiative.

FULL ARTICLE

WEBINAR

Navigating Fixed Income in a Dynamic Market: Insights and Strategies for Q3 2024

Join us on July 24 to gain expert insights from industry leaders on navigating fixed income strategies, exploring yield opportunities, and managing risks in a dynamic market.

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RIA NEWS

Focus to Merge $3.8B Gratus Capital Into The Colony Group

Atlanta-based Gratus Capital is the latest to be rolled up as part of Focus Financial’s hub strategy.

FULL ARTICLE

INDUSTRY

Charles Schwab Execs: TD Ameritrade Transition Has Gone 'As Anticipated'

CEO Walt Bettinger said asset and revenue attrition levels from the integration of the two firms are below original estimates.  

FULL ARTICLE

THE HEALTHY ADVISOR PODCAST

The Healthy Advisor: From Near-Death to New Purpose With Martine Lellis

When Martine Lellis woke up from a coma doctors didn’t think she’d come out of, she was given a new lease on life, and it has fueled her passion for making bold, compassionate choices in the financial services industry.

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RIA NEWS

Advisor Jess Bost Joins Alex Chalekian’s Lake Avenue Financial

Jess Bost, former vice president of strategic partnerships at Alpha Architect, joins the $115M firm as lead financial planner.

FULL ARTICLE

TECHNOLOGY

Osaic Launches More Sophisticated Retirement Income Planning Tools

The updates were done in partnership with IncomeConductor software.

FULL ARTICLE

RIA NEWS

Schwab Benchmarking: RIA Growth Rebounds in 2023

After a rough 2022 with negative growth rates across the board, many independent RIAs rebounded last year, posting median organic growth of 5%, according to Schwab’s RIA Benchmarking report.

FULL ARTICLE

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