See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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After it’s sold, Wells Fargo Asset Management will continue to provide a popular rising-dividend-equity strategy, the Managed Diversified Stock Income Plan, to Wells Fargo Advisors, according to a memo.
Reegan Rae was recently tapped to lead Portland-based, employee-owned RIA Arnerich Massena, an advisor to HNW families and institutions. Leadership diversity is key for clients, she says.
Goldman is currently working on a version of Marcus Invest that takes an advisor relationship into account, said Joe Duran, head of Goldman Sachs Personal Financial Management.
Amanda Thiem claims that former Pimco Chairman Brent Harris made a sexual advance on her in his home and demoted her after she refused. She claims she was then “targeted and ostracized” by co-workers.