Supporters and critics of the proposed rule are setting up discussions with the Office of Management and Budget, one of the last steps before the final rule will be revealed.
More than half of the advisory clients in a February survey reported leaving their advisor in 2023, while another 9% thought about it.
The tactic can help investors with concentrated positions, but historically, it has only been available to HNW investors.
Caprock’s acquisition of Grey Street Capital brings the UHNW multifamily office to more than $11 billion AUA.