Morning Memo
Wealth Management Morning Memo

OCTOBER 10, 2017

REGULATION AND COMPLIANCE

Advisors Paying More for Compliance

RIAs and broker/dealers say they are spending 9 percent more money -- and a lot more time -- on compliance and regulatory issues.

FULL ARTICLE

ADVERTISEMENT

MUTUAL FUNDS

U.S. the Most Investor-Friendly in the World

The U.S. ranks high in terms of lower expenses and strong disclosure, but it can improve in its sales practices and regulation and taxation, a new Morningstar study says.

FULL ARTICLE

ADVERTISEMENT

SPONSORED CONTENT

Guide Clients Through Emotional Ups and Downs to Prevent Costly Decisions

When dealing with an emotional or anxious client, advisors should be prepared, be professional and position themselves.

FULL ARTICLE

ADVERTISEMENT

INSURANCE

The Problem with Spreadsheeting and Commoditization

Stress test and independently model separate products.

FULL ARTICLE

The Daily Brief

A Promising Job for Older Workers

As the advisor workforce gets older and ages out of the industry, there’s likely to be a dearth of qualified financial advisors, especially young ones. But the industry is getting some free publicity, just not from the right demographic. “Financial Specialists,” which include personal financial advisors, is one of the top 10 most promising professions for workers over the age of 50, according to a new report from AARP and IMPAQ International. ...

New Record for Whiskey Sold at Auction
A cask of 1987 Macallan Single Malt Scotch Whiskey was sold for $375,064 at a Spinks auction in Hong Kong last week, setting a new record for a whiskey cask at auction. It broke the previous record of $251,864, which was set in 2014 by the same distillery and auction house. ...

The Fed Never Cared About the September Jobs Report
The Federal Reserve was never going to use September's jobs report while considering future policy, according to Raymond James Chief Economist Scott Brown. Hurricanes Harvey and Irma were expected to impact non farm payroll data last month and the meaningfulness behind the monthly report, that many heed, was too distorted as a result, Brown wrote. ...

READ MORE OF THE DAILY BRIEF