Morning Memo
Wealth Management Morning Memo

JANUARY 16, 2021

HIGH NET WORTH

A Guide to Potential Tax Law Changes Under Biden

Now that the Democrats are in full control, here's a detailed look at the tax law changes they might propose and what advisors can do.

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TECHNOLOGY

Jud Mackrill Leaves Carson Group, Launches Milemarker

With a team of three other co-founders, Jud Mackrill is launching an "integration as a service" company, called Milemarker, to help advisors better understand the data within their firm.

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EXCLUSIVE RESEARCH

Closing the Gap Between Recommendation and Action

A substantial number of clients wait five to 10 years to act on advisor recommendations, potentially hurting their long-term investment goals.

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TECHNOLOGY

eMoney Launches Its First App: Incentive

First announced in 2019, eMoney Advisor's Incentive app, formerly called Project Avocado, is now widely available.

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PEOPLE

Report: Gary Gensler to Be Nominated to Chair SEC

The Obama-era administrator is a Democratic favorite and already leading Biden's transition efforts.  

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TECHNOLOGY

Death Of Plaid, Visa Mega Deal Could Be Good News for Advisors

While they may miss out on some benefits, advisors could be better off from the termination of Visa's plans to acquire account aggregator Plaid, according to observers.  

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REGULATION AND COMPLIANCE

SEC: 'Divinely Inspired' Traders Were Mere Frauds

According to the commission, the duo claimed a "spiritual revelation" had yielded an algorithm for a high-yielding trading platform, but they were just two con men who met in prison.  

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INDUSTRY

Citi Consolidates Wealth Management Business

Citi services for the ultra-high-net-worth and the high-net-worth are merging under one roof.

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BUSINESS PLANNING

Top 5 Mistakes Buyers Make When Integrating Acquisitions

These are the ways buyers and sellers commonly fall short when combining firms.  

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TECHNOLOGY

The Google Glass Flop And Lessons For Fintech Wealth Management Today

Wealthtech entrepreneurs and Fintech founders can take a few lessons away by thinking of the failure that was the launch of Google Glass.  

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MARKETING

Advisors' Obsession with Traditional Marketing

Not unlike clients who come to advisors for a quick fix to their financial woes and expect unrealistic returns, advisors who turn to traditional marketing to get them past growth hurdles are destined for immense disappointment.   

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