WM Morning Memo
 
Wealth Management Daily Memo

JUNE 24, 2025

RECRUITING

The Role of Internships in Filling the Advisor Pipeline

While the industry is concerned about a looming advisor shortage, some RIAs are doubling down on efforts to run internship programs that can lead to hires for their firms and the wider industry.

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ARTIFICIAL INTELLIGENCE
Nitrogen Founder Aaron Klein Launches Meeting OS for Advisors
The former Nitrogen CEO is back with the launch of Contio, a software company that helps advisors power more effective meetings.
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WHITE PAPER
2025 Firm Growth Survey: Advisor Priorities vs. Investor Needs
The 2025 Firm Growth Survey reveals top trends driving growth.
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IBD NEWS
Commonwealth Recruits $430M Phoenix Practice From Osaic
Advisor Patrick Funke and his wife Jennifer Funke cited Commonwealth's service model and quick account opening process as benefits of the move.
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REGULATION & COMPLIANCE

FSI Urges New Jersey To Drop Proposed Independent Contractor Rule

The Financial Services Institute challenges New Jersey's proposed independent contractor rule, warning of potential impacts on financial advisors and their clients.

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WEALTHTECH

Altruist Rolls Out Rebrand

The RIA custodian, which launched in 2018, touts a reimagined look and feel as part of the refresh.

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COMMENTARY

Understanding the Client Retention Hurdle in RIA Sales

Gladstone Group M&A consultant Derek Bruton reports that RIA sellers almost always clear the client retention mandate common in deal contracts.

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