WM Morning Memo
 
Wealth Management Daily Memo

MAY 20, 2025

INVESTING STRATEGIES

RIAs More Hesitant on Direct Indexing Than Wirehouse Peers

A new survey by FTSE Russell finds a broad understanding of direct indexing among advisors, but friction remaining for use.

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RIA NEWS

Advisor Trio Departs Procyon to Launch RIA

Three advisors recently left Dynasty-backed Procyon Partners to set up Third View Private Wealth, an RIA in Westport, Conn.

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REGULATION & COMPLIANCE

Accredited Investor Bills Gain Ground In Congress

Two congressmen reintroduced legislation to expand accredited investor pools, while SEC Chair Paul Atkins floated expanding retail access to private funds.

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SPONSORED CONTENT
Bonds Reclaim Role as a Volatility Buffer
Our head of fixed income talks diversification.
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INDUSTRY NEWS

&Partners Brings on Another Ex-Wells Fargo Team

The hybrid broker/dealer started by Wells Fargo Advisors’ former president and CEO David Kowach has added a Florida-based team from his former employer.

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RPA

401(k) Industry Scrambles to Stem $800B IRA Rollover Leakage

Third parties are stepping in to enable record keepers and advisors.

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SPONSORED VIDEO
Investing in CAT Bonds
Diversify your portfolio beyond stocks and bonds.
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