WealthManagement.com Daily Memo
 
Wealth Management Morning Memo

NOVEMBER 28, 2023

RIA NEWS

Commonwealth Lures $3B San Diego Team From Lincoln Investments

With a niche focus on Taft-Hartley retirement plan sponsors, Mammini Company left Lincoln Investments to support an ambitious growth plan.

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REGULATION AND COMPLIANCE

California Man Sentenced to 7 Years for $7M Ponzi Scheme Against Israeli-Americans

Sassi Mizrahi was sentenced to more than seven years in prison after being found guilty of five counts of wire fraud related to helping his brother defraud at least 40 investors, according to the Justice Department.

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High Growth Playbook

Proven strategies for financial advisors to skyrocket their business.

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RIA NEWS

Creative Planning Adds Delaware Firm Managing $535M

The acquisition of Daniels + Tansey adds advisory, investment and tax expertise to Creative Planning.

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EQUITIES

Wall Street’s $300B Middleman Rides Model-Portfolio Boom

Envestnet's Brooks Friederich is leading the firm's model-portfolio division with 2,000 customized products from some 150 asset managers.

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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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