Morning Memo
 
Wealth Management Morning Memo

DECEMBER 16, 2023

INDUSTRY

Osaic to Acquire Lincoln’s $108B Wealth Business  

Lincoln National Corp. is shedding its two broker/dealers and RIAs in a deal that adds about 1,450 advisors and $108 billion in assets to Osaic's network.

FULL ARTICLE

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INDUSTRY

Edward Jones Tests New Team Model for Indie Advisors Close to Retirement

David Chubak says the firm hopes to attract so-called “break-back brokers” who are coming back from full independence.

FULL ARTICLE

WHITE PAPER

Digitizing the Client Experience

Harness “digital” to improve the 6-steps of the client.

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REGULATION AND COMPLIANCE

Faith-Based RIA Joins Ex-Trump Officials in Target Suit

Inspire Advisors has joined a lawsuit arguing the major retailer’s Pride Campaign resulted in consumer backlash that negatively impacted its stock price.

FULL ARTICLE

INDUSTRY

Wells Fargo Keeps Core Comp Grid Steady in 2024

But the wirehouse has increased expense allowances for all advisors and reduced incentives for mortgage referrals.

FULL ARTICLE

WMTV ON LOCATION

Franklin Tsung Shares How to Enhance Client Engagement Through Salesforce

Franklin Tsung, CEO at Future Advice, on maximizing Salesforce for financial advisors.

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WHAT'S IN MY MODEL PORTFOLIO

Sequoia Financial: Capturing the Illiquidity Premium

Nick Zamparelli, CIO at Sequoia Financial Group, breaks down his asset allocation for the $15 billion RIA’s 50/50 model portfolio.

FULL ARTICLE

TECHNOLOGY

Addepar Hits $5T In Assets Tracked

Our technology columnist sat down with CEO Eric Poirier to discuss the news and other developments at the firm, which is still hiring.

FULL ARTICLE

WEBINAR

Taxing Times: Six Important Strategies for the Current Tax Environment

Join us Dec 19 to discover six tax strategies for better retirement income and reduced tax for clients

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REGULATION AND COMPLIANCE

Former Morgan Stanley, Wells Fargo, Stifel Advisor Convicted in $4M Health Care Fraud

Kaival Patel was found guilty of conspiracy to commit wire and health care fraud to pocket money raised from fraudulent compound medication prescriptions, according to the DOJ.

FULL ARTICLE

RPA EDGE

‘The Times They Are A-Changing’ for Retirement Plans

Who will be the winners, losers and new entrants as the convergence of wealth, retirement and benefits at work will revolutionize 401(k) plans?

FULL ARTICLE

ESTATE PLANNING

The Estate Tax Is the Weakest its Ever Been

The Trump-era tax cuts largely gutted the federal estate tax by massively increasing the individual estate and gift tax exemption to roughly $13 million for 2024.

FULL ARTICLE

HIGH NET WORTH

Hermès Heir Worth $11 Billion Involved in Estate Plan Drama

Nicolas Puech wants to leave his sizable inheritance to his 51-year old gardener.

FULL ARTICLE

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