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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IN The hidden risks of passing private investments to the next generationIN ETF flows surge $54bn as stocks sell off and markets go 24/7IN Prudential Wealth Advisors posts record sales, doubles down on recruitingIN Renting edges out buying as home prices slide for fourth straight weekIN Investment managers face scale paradox as AI, ETFs reshape industryRB 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 competition

Friday, November 13, 2026

The Morning Edition

MARKETS IN 5
Nvidia leadership shake-up weighs on stocks and yields
STOCKS
Nvidia leadership change pulls U.S. stocks lower
RATES
Ten-year Treasury yield climbs to 5.10% on Thursday
THE FED
Markets price a December rate hike after inflation data
SECTORS
Nvidia falls 4.34% as AMD and Broadcom gain
GLOBAL
Asian and European shares slip as AI uncertainty lingers
Miles Ashford, Markets Correspondent · Read it in five minutes
FROM THE NEWSROOM
Clarity Point joins Hightower Signature Wealth with about $380 million in AUM
Marlton, N.J., practice Clarity Point Financial Partners is moving into Hightower Signature Wealth, with the transition expected to take effect the day it was announced.
Grant Whitmore, Moves Correspondent
Raymond James to add 70 Synovus Securities advisors with $18.7B in client assets
About 70 advisors registered with Synovus Securities are moving to Raymond James Financial Services through an expanded Pinnacle Financial Partners relationship, with the transition expected in May 2027.
Vivian Cole, Deals Correspondent
Trousdale and Freemire launch Briardale Wealth for $1M–$7M clients
Briardale Wealth, launched by The Daily Upside founder Patrick Trousdale and veteran planner John Freemire, will target clients with $1 million to $7 million.
Grant Whitmore, Moves Correspondent
St. Louis RIA Trinity taps ex-Merrill professional Jonathan Stogsdill
Jonathan Stogsdill, who spent more than eight years at Merrill, has joined the St. Louis-based RIA as a senior advisor, according to the firm's announcement.
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. Raymond James 3 stories
2. Schwab 3 stories
3. UBS 2 stories
4. LPL Financial 2 stories
5. Fidelity 2 stories

Past editions

  1. Clarity Point joins Hightower Signature Wealth with about $380 million in AUM
  2. Morgan Stanley adds Merrill team with $1.5 billion in Rancho Santa Fe
  3. Modern Wealth takes $200 million from Centerbridge
  4. Blackstone trims dividends as real estate leadership departures mount
  5. Morgan Stanley won last week in advisor recruiting
  6. Metzger from Citizens to oversee Osaic's Empowered Independence channel
  7. Former UBS team launches Cleros Wealth Partners with Elevation Point backing
  8. Nevis seeks AI agents able to move money while Schwab keeps outside tools read-only
  9. Accelerated Wealth Partners agrees to minority stake in Braintree's Pallas Capital
  10. Citizens Private Wealth won last week in advisor recruiting
  11. Small RIAs get a $4,800 Claude offer from Schwab, but the seat minimum remains
  12. SurgeONE.ai adds communications archiving and off-channel monitoring to Avery Actions