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Est. 2026The front page of wealth managementNew York

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IN LPL Financial adds $525M Georgia team from Northwestern MutualIN Inflation and debt leave four generations strained in retirement raceIN AI in asset management operations moves beyond fixing errors fasterIN Binance hack: $6.3 billion stolen in largest crypto heist in historyIN New platform aims to bridge health and financial planning for advisorsFP Wells Fargo raises hurdle for higher advisor payouts for first time in 5 yearsWM Schwab Survey: RIAs Are Shifting Growth Focus Beyond AUM to New Clients, ReferralsIN AI operating system race heats up as Nevis raises $70 millionFP When should RIAs hand clients to next-generation advisors?IN Taxes, alts, in the education spotlight at Schwab IMPACT

Friday, October 30, 2026

The Morning Edition

MARKETS IN 5
Alphabet slide weighs on stocks as rate-hike bets persist
STOCKS
Alphabet slide drags Nasdaq as S&P 500 slips
RATES
Treasury 10-year yield eases to 4.98%
THE FED
Fed holds at 3.75% to 4% with two hike dissents
ECONOMY
Third-quarter GDP beats estimates as September inflation firms
COMMODITIES
Oil rises while gold holds near $4,000 overnight
Miles Ashford, Markets Correspondent · Read it in five minutes
FROM THE NEWSROOM
Small RIAs get a $4,800 Claude offer from Schwab, but the seat minimum remains
Schwab is making a $4,800 credit available to RIAs that join Claude's enterprise plan by Nov. 30, a move meant for small firms that cannot use all 20 seats the plan requires.
Nora Kessler, Practice & Technology Correspondent
Savvy Wealth brings pre-IPO private markets deals to its advisors through Allocate
Savvy Wealth has built a proprietary private markets program with Allocate, starting with venture and growth managers and open to qualified-purchaser clients.
Grant Whitmore, Moves Correspondent
Raymond James reports record client assets and strong recruiting gains
Record quarterly client assets and recruiting momentum across advisor channels marked the latest report from Raymond James, with its CEO crediting flexible affiliation options for the growth.
Nora Kessler, Practice & Technology Correspondent
Wells Fargo raises its advisor pay hurdle to $16,000 a month for 2027
The first change to the core hurdle since 2022 trims cash pay by about $8,400 a year for most producers under $2 million, while new deferred awards reward growth and deposits.
Grant Whitmore, Moves Correspondent
THE WIRE
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WINTHROP & CO.
FORGIVABLE LOANS
Negotiating a forgivable loan: the terms that actually move
Forgiveness cadence, carve-outs, production thresholds and jurisdiction, in the order to ask for them.
READ THE ANALYSIS
HEAT INDEX · 24 HOURS
1. Schwab 8 stories
2. Ameriprise 3 stories
3. Wells Fargo 2 stories
4. Mercer Advisors 2 stories
5. Corient 2 stories

Past editions

  1. Small RIAs get a $4,800 Claude offer from Schwab, but the seat minimum remains
  2. SurgeONE.ai adds communications archiving and off-channel monitoring to Avery Actions
  3. VanEck launches Wealth Builder ETF as Fidelity manager leaves $33bn fund
  4. Sheets and Green bring J.P. Morgan group to Rockefeller in Houston
  5. Latigo Peak Partners won last week in advisor recruiting
  6. Claude for Financial Advisors comes with a 20-seat Enterprise floor
  7. Fired as a financial advisor: what your Form U5 will say, and the clocks that start the day you leave
  8. Elevation Point takes minority stake in ex-UBS Truing Capital team
  9. XYPN launches search for successor to president Vince Hockett
  10. Janney won last week in advisor recruiting
  11. Advisor moves, week of Oct 5–11, 2026: 16 moves, $1.1B Praxis team to LPL
  12. T. Rowe Price adds more than 50 client-facing roles in advisor push