The Morning Brief — Private Wealth Daily

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The Morning Brief

The private wealth industry in four minutes, every weekday at 6:30 a.m. ET. Free. Recent editions are archived here.

KeyBank names Mike Keane COO of Key Wealth as Joe Calabrese retires

Monday, October 5

Concurrent to add Spire's $5.4B and 30-plus advisor teams in first platform purchase

Sunday, October 4

Concurrent buys $5.4B Spire and sets a $3B-to-$10B platform target

Saturday, October 3

Fidelity gives custody clients below $100 million until June 2027 to grow

Friday, October 2

Nuveen completes Schroders acquisition and keeps it separate for 12 to 18 months

Thursday, October 1

BNY Pershing retires the Wove brand and folds platform into wealth solutions

Wednesday, September 30

Merrill sets data and shelf fees for third-party managers, up to $1.4 million

Tuesday, September 29

LPL's $13.5 billion August net new assets rest on a modeled advisory mix

Monday, September 28

The recruiting war isn't being fought over custody

Sunday, September 27

Raymond James's employee arm is now the independence trade

Saturday, September 26

Raymond James runs both channels against the Commonwealth clock

Friday, September 25

RBC builds La Jolla on Bank of America's private bankers

Thursday, September 24

Vanguard buys the last pillar of custody revenue

Wednesday, September 23

Schwab bought AI access; Altruist owns the client record

Tuesday, September 22

Private markets built the on-ramp and skipped the operating layer

Monday, September 21

The week's largest AI number is a $35 billion loan

Sunday, September 20

Merit bought a succession plan and paid for it in equity

Saturday, September 19

Sanctuary staffs the benches that decide which wirehouse teams leave

Friday, September 18

Ritholtz's forever firm runs on equity handed to 29 employees

Thursday, September 17

Creative Planning is buying the gatekeeper, not the $4.3 trillion book

Wednesday, September 16

Schwab's Claude exclusive buys queue position, not a better model

Tuesday, September 15

Advisers will pay for access, not for beta

Monday, September 14

HSBC takes two Citi leaders and pays in titles

Sunday, September 13

Mariner's $175M bot army is an integration budget

Saturday, September 12

Vanguard paid $4.6 billion for the account rail

Friday, September 11

The RIA behind VanEck's first buffer ETF

Thursday, September 10

Gryphon's independence runs on Robinhood's rails

Wednesday, September 9

AI capital buys the grid before chips switch on

Tuesday, September 8

BlackRock BDC chief exits after markdowns

Monday, September 7

AI capital moves downstream to power and cooling

Sunday, September 6