THE BIG PICTURE
As product and tech get commoditized, advisors' edge shifts to family conversations and client protection
Coverage across InvestmentNews, Wealth Solutions Report and Kitces points to one question: when ETFs, AI tools and marketing are widely available, what part of the advisor relationship is hard to copy?
Sterling Park, Chief Analyst
FROM THE NEWSROOM
Fidelity tells RIAs under $100 million to find another custodian by mid-2027
Fidelity is extending its $100 million custody minimum to existing RIA clients, giving smaller firms until June 30, 2027, according to AdvisorHub and other outlets.
Nora Kessler, Practice & Technology Correspondent
Northern Trust hires Citi and BNY private bankers as senior managing directors in Northeast
Beth Emswiler, from Citi Private Bank in New York, and Andrew Borner, from BNY in Connecticut, join Northern Trust Wealth Management as it pursues ultra-high-net-worth clients.
Grant Whitmore, Moves Correspondent
Merrill lands Morgan Stanley and Wells Fargo teams with $770 million combined
Two advisor teams, one from Morgan Stanley in Manhattan and one from Wells Fargo in Boca Raton, joined Merrill, InvestmentNews reported in its latest advisor moves roundup.
Grant Whitmore, Moves Correspondent
Verifact Markets launches trading on disputed facts about events that have already happened
A new platform backed by a Chicago family office lets traders bet on whether contested claims are true or false, reversing the forward-looking model used by Kalshi and Polymarket.
Nora Kessler, Practice & Technology Correspondent
THE WIRE
WEALTHMANAGEMENT.COM
Altruist Adds Donor-Advised Funds to Platform
INVESTMENTNEWS
Annuities for RIAs: Why fee-only advisors still hit a wall
FINANCIAL PLANNING
How an AM radio host dialed up her niche business
DEALS · WEALTHMANAGEMENT.COM
Cresset Aims for $13.1B Trust Business with National Advisors Trust Deal
MOVES · INVESTMENTNEWS
Fidelity's $100M RIA custody minimum lands amid long-short SMA curbs
HEAT INDEX · 24 HOURS
1. Wells Fargo 2 stories
2. Fidelity 2 stories
3. Altruist 2 stories
4. Morgan Stanley 1 story
5. Merrill 1 story