Morning Memo
 
Wealth Management Morning Memo

OCTOBER 28, 2023

CLIENT RELATIONS

The 20 Most Future-Ready Large Cities in the U.S.

California rules the list, and Texas has a strong showing.

FULL ARTICLE

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PEOPLE

Focus Financial Founder Rudy Adolf to Depart Firm

Rudy Adolf is the last remaining founder to leave his executive role in the wake of Focus’ sale to CD&R.  

FULL ARTICLE

WHITE PAPER

How to Deliver an Indispensable Client Experience Through Independence

Build strong relationships through exceptional service.

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RIA NEWS

Schwab Broadens RIA HNW Banking with Faster Securities-Backed Loans

FULL ARTICLE

INDUSTRY

Raymond James Recruiting Slows Down

“What we’re not seeing in number of advisors, we’re seeing in size of teams,” said CEO Paul Reilly.

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WHITE PAPER

Alternative Investments Are an Increasingly Popular Tool in Client Portfolios

Greater education around alternatives and the need for diversified assets have boosted use — and there is still room to grow.

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INDUSTRY

Commonwealth to Expand Custodial Relationship With Schwab in 2024

The $270 billion firm is also getting more active in its Entrepreneurial Capital program, including helping advisors with M&A.  

FULL ARTICLE

MUTUAL FUNDS

BlackRock to Pay $2.5M for Disclosure Errors in Bond Fund

For years, BlackRock inaccurately described Aviron as a “diversified financial services” company, when it was a movie production outfit.

FULL ARTICLE

WEBINAR

Monetizing Nasdaq 100 Volatility For Income And Risk Management

Join us on November 15 to learn how a Nasdaq 100 covered call strategy maximizes income and risk management, offering valuable insights for your investments.

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INDUSTRY

Moody’s Downgrades Cetera’s First Lien Ratings; S&P Affirms Ratings

Despite the downgrade, the ratings agencies believe the improved scale and synergies from Cetera’s Avantax acquisition will outweigh any additional leverage it will take on.

FULL ARTICLE

HIGH NET WORTH

IRS Warns Taxpayers to Be Wary of Fake Charities

Doing your due diligence before donating is more important than ever.

FULL ARTICLE

RPA EDGE

Independent 401(k) Record Keepers Offer Alternatives

As RPAs go after participants and need data, firms like iJoin provide options.  

FULL ARTICLE

TECHNOLOGY

Think You Know the Risk Profile of Your Clients? Think Again.

Today’s tools are too basic and provide mixed results.

FULL ARTICLE

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EVENTS

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