Wealth Management Morning Memo

AUGUST 25, 2018

ESTATE PLANNING

Aretha Franklin Died Without a Will

David H. Lenok

Her estimated $80 million estate could be in jeopardy.

HIGH NET WORTH

Six Charts That Show How Cash Is Still King

John Kador

Where is cash going, who's accumulating it and what will happen as developed countries move away from it?

SPONSORED CONTENT

With the Best Tech Tools, Access Matters

Sponsored by Sanctuary Wealth Partners

How independent advisors have the flexibility to choose the tools necessary for solving clients’ challenges.

PEOPLE

HighTower Advisors Founder and CEO Elliot Weissbluth Steps Down

Michael Thrasher

The executive of one of the largest RIAs will remain in the position until a replacement is found.

ETFS

Flows to Passive Funds Are Slowing

Dan Weil

“Passive investment is now growth-tilted, momentum chasing, biased toward popular-weighted indices. Why should you expect the best returns from that?” asks Research Affiliates’ Rob Arnott.

SPONSORED CONTENT

Trade Risks Exacerbate Late-Cycle Pressures

Sponsored by Fidelity Investments

The U.S. and global business cycles are maturing.

DOWNLOAD WHITE PAPER

MY LIFE AS A CLIENT

Free Dinners, Bad Advice

Anne Field

Here’s a story from Walt Eldredge, 72, of Baton Rouge, a semi-retired trainer for a major oil company.

INDUSTRY

JPMorgan Is Dismissing About 100 People in Asset Management

Michelle F. Davis

The cuts are global and range across several businesses in the group.

PHILANTHROPY

Eight Questions to Help Clients Evaluate Nonprofits

Page Snow

Some things to consider before making donations.

ESTATE PLANNING

Should Your Client Transfer the House to Her Kids?

Emily A. Martin

The answer is a resounding “no.”

INDUSTRY

Mercer Advisors Bolsters M&A Team with Fidelity, Schwab Veterans

Michael Thrasher

The private equity-backed RIA is adding team members to support dozens of deals in the works.

PEOPLE

Raymond James Gains New York Team Managing over $1 Billion

Michael Thrasher

One of the managing directors has been in the industry more than 40 years.