See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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The commission’s enforcement division first contacted the wirehouse in April regarding “advisory cash balances swept to affiliate bank deposit programs.”
RIA M&A activity has plateaued in recent months, but 2024 is still on track to surpass 2023 volume, according to DeVoe & Company’s latest RIA Deal Book.
Michael Conway shares how advisors at his firm, Conway Wealth, prioritize a deep understanding of each client’s values and put health and well-being at the center of the planning conversation.
Glenn Frank alleges that the leaders of his firm told him he would “be removed from his clients’ service teams” immediately if he didn’t take a subordinate role to younger advisors, according to the suit.
The global market was roiled over the weekend following Friday’s lackluster US jobs report and the biggest crash of Japanese equities in over a decade.
VC firm Canvas Ventures led the latest funding round. CEO Ritik Malhotra says the firm will use the money to expand Savvy’s software suite and strengthen its product and development team.
The finding is part of a broader Cerulli report examining the opportunities and challenges surrounding the use of alternative investments in the retail channel.
