Morning Memo
 
Wealth Management Morning Memo

NOVEMBER 9, 2022

Steward Partners Secures $140 Million Credit Facility to Accelerate Recruiting

Available capital will support “flood” of recruits attracted by new multi-custodial offering.

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Industry

New PIABA President Looks Towards Investors’ Volatility Concerns

In a discussion with WealthManagement.com, Hugh Berkson said the organization will continue to raise awareness of the issue of unpaid arbitration awards and the alleged misuse of forced arbitration clauses by RIAs.

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Technology

J.D. Power: Largest Asset Managers Dominate in Advisor Digital Experience

Smaller brands still have an opportunity to differentiate through investment comparison tools, immediate access to client information and access to information on ESG issues.

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WHITE PAPER

Shelter Poses an Upside Surprise Risk to Inflation

The year-over-year change in the shelter component of inflation is virtually certain to accelerate over the coming month.

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RIA Channels

Father-Son Team Leaves UBS to Start Independent Practice with TruClarity

Based in Little Rock, Gutierrez Wealth Advisory principals oversaw nearly $1 billion at the wirehouse.

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Ten to Watch

PEOPLE

Ten to Watch in 2023: Joy Lere

Joy Lere is a licensed clinical psychologist and co-founder of Shaping Wealth.  

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PEOPLE

Ten to Watch in 2023: Govinda Quish

Govinda Quish is CEO and co-founder at Fabric.  

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