June 22, 2021

Morgan Stanley Exec: We're More Than Just a Wirehouse
Andy Saperstein, co-president of Morgan Stanley, said last week that recent changes at the firm, including the acquisition of E*Trade, have made it different from other wirehouses.
Advice to Transitioning FAs: Be More Proactive Than Reactive to Clients
Nancy DiBattista of Commonwealth Financial Network says advisors who carve out time for training prior to onboarding can focus more on clients from the start.  Video [ 2:18 ]   Transcript  
SEC Raises Thresholds for Clients Who Can Be Charged Performance Fees
The regulator has adjusted for inflation and raised the asset threshold for qualified clients to $1.1 million and the net worth threshold to $2.2 million.
Maine Legislature Approves State-Sponsored IRA Plan
Under the plan, state residents whose employers don’t offer a retirement savings plan will be able to contribute to a Roth individual retirement account directly from their paychecks.
Pandemic Resets Investors' Financial Habits: Study
A third of Americans say the pandemic prompted better financial discipline and planning , results of a Northwestern Mutual survey show. The question is whether these new habits stick.
Wealth Enhancement Group to Acquire $450M Hybrid RIA in Maryland
The latest acquisition, scheduled to close July 1, is Lighthouse Wealth Management.