Morning Memo
Wealth Management Morning Memo

APRIL 28, 2018

DOL FIDUCIARY RULE

AARP, States Fight to Keep DOL Rule Alive

The consumer group, along with the attorneys general of California, Oregon and New York, are seeking a rehearing by the fifth circuit, which vacated the DOL fiduciary rule.

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RETIREMENT PLANNING

Retirees Forget Medical Costs When Planning for the Future

Half of retirees said they never calculated medical costs before retirement.
 

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Commodities Have Miles to Run on Rate Hike

The time for investors to critically evaluate their portfolio's performance in rising interest rate environments has arrived.

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TECHNOLOGY

Robos See Red in 2018

A tumultuous start to the year for popular robo advisors saw SoFi Wealth avoiding the deepest losses in taxable accounts, while active-strategy holdings at T. Rowe Price led the way for IRAs.

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MUTUAL FUNDS

LPL Will Launch No-Transaction-Fee Mutual Fund Platform

The independent broker/dealer is lowering a custody threshold so more advisors can take advantage of a flat-rate administration fee.

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ADVISOR CHANNELS

Ameriprise Returns to the Banking Business

The move to offer banking services, like loans, would support the wealth management business, the firm’s CEO said during an earnings call.
 

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INSURANCE

Getting Something Back from Long-Term Care Insurance

Life combination policies look to step in where traditional LTCI falters.

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TRUMP TAX REFORM

The Future of Planning for Tangible Personal Property

The effect of the Tax Cuts and Jobs Act of 2017.

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HIGH NET WORTH

Five Non-Investment Roles for Family Offices

These firms are finding their value to the family extends far beyond investment management.

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PHILANTHROPY

Corporate Donor on the Hook for $4 Million Charitable Pledge

Federal District court rules that the gift agreement is binding.

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