FinCEN Final Rule Ends US Beneficial Ownership Filings
FinCEN final rule permanently ends CTA filing for US persons, deletes prior data.
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All Private Wealth Daily reporting, newest first.
Edward Jones Posts Record $5B Quarter, $2.6T AUC
Record revenue and asset growth come with steep advisor-comp costs and a planned bank launch.
Crowd Street Adds OHA Credit Fund for Accredited Investors
Private-market platform now offers Class A shares of the $250M OHA multi-strategy credit fund to self-directed accredited investors.
Merit Financial acquires $900M Bridgeway Group
Atlanta RIA adds its third former Commonwealth firm of 2026.
Schwab denies custody fees; analysts see fee route to $135
Compass Point says a subscription fee on AI cash sorting could replace lost sweep margins, even as the CEO rules out charging RIAs.
New Trump Account employer contribution rules cap at $2,500
Proposed IRS regulations set contribution limits and nondiscrimination tests for employer Trump Account programs.
Goldman Sachs launches long/short SMA push for RIAs
The move escalates the custody war over alternatives shelf space with a tax-aware, proprietary strategy.
Schwab targets $1 trillion in self-directed assets for its RIA
Custodian's plan to convert eight million-plus DIY clients pits house advice against independent RIAs.
MassMutual Ascend tops $2B in RIA annuity sales
Cumulative advisory annuity sales at the insurer show RIAs warming to guaranteed-income products.
Advisors pivot private markets to portfolio design
Nuveen strategist says funding private allocations should start with client objectives, not generic targets.
LPL unveils Latitude AI platform, shares pop 3.2%
LPL's agentic AI answer to Altruist's Hazel sends stock up after months of pressure.
LPL boosts Commonwealth EBITDA projection $25M, sees 90% retention
LPL raises its run-rate cash flow target for the Commonwealth acquisition by $25 million and projects advisor retention will climb to 90%.
Alto launches private deal room for RIAs; CAZ funds land on SoFi
Platform launches expand RIA and retirement access to private markets.
Raymond James hires Schwab's Elyn Davis for RIA client experience
Move adds Schwab custody experience to Raymond James's RIA leadership
Advisor Alts Demand Stays Strong; Analytics Top Tech Priority
iCapital's second annual survey shows alts allocations still growing, but advisor tech demands are shifting from processing to analytics.
Edelman Hires Retirement Advisory Veteran Christian Mango
The hire signals a strategic push to connect workplace retirement benefits with Edelman's broader wealth planning platform.
AI Evolution Moves Family Offices From Query to Command
Family Wealth Report's fintech forum heard AI now executes workflows, but humans still own final decisions.
California Billionaire Tax Faces Constitutional Fight
A Tax Foundation analysis says Proposition 40's wealth tax may be invalidated before raising revenue.