Wealthmanagement Email Newsletter: 26 Firms Hit With Fines in SEC WhatsApp, Texting Probe (August 15, 2024)


	AUGUST 15, 2024

Regulation and Compliance


	SEC Charges 26 Firms for Off-Channel Communications Violations

More than two dozen broker/dealers and RIAs agreed to pay a combined $392.75 million in penalties, including Raymond James, LPL, Edward Jones and Osaic, among others.


	$3.7B RIA Pays $430K To Settle SEC Ad Rule Charges

The Pacific Financial Group highlighted hypothetical performance in ads in a way that violated the commission’s marketing rule, according to a settlement order released Friday.

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Podcasts

The Healthy Advisor: Struggling With Anxiety With RBC’s Shareen Luze


	For years, RBC executive Shareen Luze struggled with anxiety. But the more she was vulnerable and shared her story in the workplace, the more she connected with people. Today, she brings a unique perspective on the role a sense of belonging plays within corporate mental health strategies. Read More >

Focused on the Future: Embracing the Personal in Planning with Beth Bosworth


	Perigon Wealth Management's Beth Bosworth explains why advisors should throw traditional minimums “out the window” to attract next-gen clients. Read More >

The Diamond Podcast for Financial Advisors: John Bowen on How to Build a 'Dream Team'


	Industry coach John Bowen offers actionable advice on mastering the art of team dynamics. Read More >

The WealthStack Podcast: Why Direct Indexing Is the Future of Investing with Patrick Shaddow


	Syntax Data's Patrick Shaddow describes how direct indexing is poised to transform the investment landscape. Read More >

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Business Planning


	Get Your Organic Growth Process In Order Before Pursuing M&A

Take these steps to ensure your RIA is ready for an influx in advisors and clients.


	Three Questions to Ask Before Outsourcing Investment Management to a TAMP

Outsourcing is a highly personal decision based on an advisor’s specific business circumstances, not general industry or market trends.


	Strengthening Client Relationships in a Tech-Obsessed World

Get back to basics and think first of the customer.

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26 Firms Hit With Fines in SEC WhatsApp, Texting Probe

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