Friday, November 13, 2026The Morning EditionOpen AtlasSign inJoin free
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Est. 2026The front page of wealth managementNew York

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RB Schwab surprises analysts with extra rapid launch of own MCP servers, also leaping from read-only to agentic (get stuff done) AI; it leaves RIAs out for now, and makes Anthropic's days numbered as Schwab's exclusive LLMRB NVIDIA is both that bad as a CEO disaster but likely still good -- as a value stock -- with great growth potential, despite spy scandal, say CIOs, fund managers, analysts and AI expertsIN ETF issuers weigh closures as launch pace heads for new recordFP Raymond James CEO: Tech, not the biggest check, wins recruitsFP How State Street and Savvy forged new paths to add to the custody competitionWM Income Lab Expands Planning Tools Beyond RetirementIN Hightower Signature Wealth adds $380M New Jersey practiceWM RIA Edge Panel Touts Family Office Services, But ‘How’ Remains TrickyFP As AI raises the bar for advice, RIA margins may struggle to followIN Barred advisor forged wife’s signature on life insurance contracts, according to FINRA

Thursday, November 12, 2026

The Morning Edition

MARKETS IN 5
Chip rebound meets Fed hike bets and Nvidia uncertainty
STOCKS
Stocks rebound as CoreWeave revives AI trade
RATES
Two-year yield posts biggest jump in about 19 months
THE FED
Fed officials weigh faster hikes after hot inflation
ECONOMY
October consumer prices rise faster than expected
SECTORS
Chip stocks lead, but Nvidia faces leadership report
Miles Ashford, Markets Correspondent · Read it in five minutes
FROM THE NEWSROOM
Morgan Stanley adds Merrill team with $1.5 billion in Rancho Santa Fe
AdvisorHub reported that a Merrill team with $1.5 billion in assets moved to Morgan Stanley, the latest in a run of recent Merrill-to-Morgan Stanley team moves.
Grant Whitmore, Moves Correspondent
Foundation for Financial Planning updates pro bono course offering CE credit
The updated free course, sponsored by Capital Group, lets planners earn one hour of CE credit while learning to prepare for pro bono work.
Nora Kessler, Practice & Technology Correspondent
Savvy Wealth raises $100 million and unveils custody platform for outside RIAs
Savvy Wealth, which InvestmentNews reported on, closed a $100 million Series C and launched a Fidelity-backed custody platform, though outside firms may wait until 2027.
Grant Whitmore, Moves Correspondent
SEC case count falls sharply in fiscal 2026
The SEC reported 348 enforcement actions for fiscal 2026. Federated Hermes' 10-Q, quoting SEC figures, put fiscal 2025 at 456.
Theo Marsh, Regulation 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
MOVES · WEALTHMANAGEMENT.COM
TaxStatus Launches Two New Tools for Advisors
HEAT INDEX · 24 HOURS
1. Merrill 2 stories
2. Vanguard 2 stories
3. SEC 2 stories
4. LPL Financial 1 story
5. Cetera 1 story

Past editions

  1. Morgan Stanley adds Merrill team with $1.5 billion in Rancho Santa Fe
  2. Modern Wealth takes $200 million from Centerbridge
  3. Blackstone trims dividends as real estate leadership departures mount
  4. Morgan Stanley won last week in advisor recruiting
  5. Metzger from Citizens to oversee Osaic's Empowered Independence channel
  6. Former UBS team launches Cleros Wealth Partners with Elevation Point backing
  7. Nevis seeks AI agents able to move money while Schwab keeps outside tools read-only
  8. Accelerated Wealth Partners agrees to minority stake in Braintree's Pallas Capital
  9. Citizens Private Wealth won last week in advisor recruiting
  10. Small RIAs get a $4,800 Claude offer from Schwab, but the seat minimum remains
  11. SurgeONE.ai adds communications archiving and off-channel monitoring to Avery Actions
  12. VanEck launches Wealth Builder ETF as Fidelity manager leaves $33bn fund