WM Morning Memo
 
Wealth Management Daily Memo

FEBRUARY 12, 2025

INDUSTRY NEWS

Hightower CEO Bob Oros To Step Down

Former Goldman Sachs AYCO chief executive Larry Restieri will succeed Oros as Hightower's CEO this spring.

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Editor’s Note: A Website Refresh

We’ve made the website easier to navigate, with a cleaner design and a revised architecture to help you find the information most useful to you.

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SPONSORED CONTENT
What Is Capital Group’s Distinctive Approach?
Learn how to activate the potential of fixed income.
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RIA NEWS
SignatureFD Adds M&A Vet Peter Nesvold to Board
CEO Heather Robertson Fortner brings on an M&A and investment specialist as she seeks to hit a $10 billion AUM target by year’s end.
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MARKETING

Snappy Kraken Launches AI-backed RIA Enterprise Hub

The advisor marketing firm also revamped its individual advisor campaign app, with CEO Robert Sofia touting a more robust marketing platform to flow from enterprise level to individual advisors.

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WHITE PAPER
Marketing Matters: Let’s Make Some Noise
If clients aren’t hearing your story, they’re listening to someone else’s.
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RIA NEWS

Merit Acquires $233M Pennsylvania RIA From Osaic

Merit Financial, which recently hired a new M&A leader, has acquired a Hershey, Pa.-based RIA with $233 million in client assets.

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INVESTMENT STRATEGIES

Morningstar: Advisor Use of Custom Model Portfolios Rises

The firm estimates that assets in custom models increased by nearly 50% between mid-2023 and late 2024.

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