WM Morning Memo
 
Wealth Management Daily Memo

OCTOBER 15, 2024

Wirehouses Face a Fresh Round of Cash Sweep Class Actions
The suits filed in New York’s Southern District were filed the same day Wells Fargo revealed a $128 million loss in net interest income after the firm raised its sweep deposit rates.
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Raymond James Snags $1.1B Las Vegas Team
The former RBC Capital Markets team will join Raymond James’ employee advisor channel.
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WMIQ RESEARCH REPORT
The 2024 WealthStack Study
Technology and the growth of wealth management firms.
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Thurston Springer to Acquire $1.B AUA PEAK Reps
PEAK, which has 120 advisors and about $1.2 billion in assets under advisement, will operate as a separate subsidiary of Thurston Springer.
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The Top Five Issues Facing High-Net-Worth Individuals in 2025
And some strategies to potentially mitigate them.
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