WM Morning Memo
 
Wealth Management Daily Memo

JUNE 16, 2025

REGULATION

SEC Withdraws AI and ESG Proposed Rules

The withdrawn rules cover various complicated issues that impact RIAs, including AI, ESG, cybersecurity and safeguarding client assets. One attorney claimed the SEC’s decision would be a “relief” to smaller advisors.

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EDGE

Panelists: Senior RIAs Must Share Clients to Foster Next Generation

For the RIA industry to shed the “eat what you kill” label by the next generation, they must “break resistance” to passing on clients, according to panelists speaking at Wealth Management EDGE.

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M&A

RBC Attracts Three Advisors Totaling $1.1B AUM from UBS

The advisors will join RBC offices in St. Paul, Boise, Idaho and Beverly Hills. This is the firm’s latest recruitment from UBS in recent months.

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INVESTMENT

What Are the Best Asset Classes for Active Management?

Low-cost passive wrappers work well for core equity investing, but certain asset classes are more conducive to active management.

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