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Wednesday, October 14, 2026The Morning Brief →Sign in
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Ropes & Gray

In network coverage since August 18, 2026 · 4 stories
Network coverage
book

IRS guidance targets abusive 351 ETF conversions; Baird's Steffen says sound deals remain viable

Notice 2026-62 and companion Rev. Rul. 2026-20, issued Sept. 28, treat one seeding-and-redemption sequence as a taxable exchange while expressing no view on funds that keep assets matching their strategy.
M&A · Sep 30Wealth Enhancement agrees to acquire RWA Wealth Partners, a $22.46 billion Boston RIA
Deals & PE · Aug 26Victory Capital's $7B First Eagle deal is a private-credit bet
advisers · Aug 18Mesirow buys flexPATH's 3(38) business in second fiduciary deal
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