Morning Memo
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Wealth Management Morning Memo

JULY 5, 2018

HIGH NET WORTH

Baby You Can(’t) Drive My Car

Emily A. Martin

When is it time for clients to hang up the car keys and how do you have that difficult conversation?

FULL ARTICLE

BUSINESS PLANNING

What Toys “R” Us Can Teach Financial Advisors

Gary Manguso

Even venerable, well-known firms can enter a death spiral if they don’t change with the times.

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SPONSORED CONTENT

M&A Through the Operational Lens

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A recent survey by WealthManagement.com reports that nearly one in four advisors expects to be part of a merger or acquisition within the next two years. And over the next decade, 55 percent of advisors expect the pace of consolidation to continue — and even grow. Get the whitepaper.

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INDUSTRY

The Future of Financial Advice Must Be More Diverse

Nick Richtsmeier

How decades of groupthink may be the bottleneck for gender, ethnic and age diversity in wealth management.

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The Daily Brief

Simplifying 401(k) Choices Doesn't Help Employees Enroll

Simplifying choices related to 401(k)s doesn't seem to help employees enroll in a plan or improve the amount they contribute, according to a recent IZA Institute of Labor Economics study, titled "Less Is Not More: Information Presentation Complexity and 401(k) Planning Choices." ...

New Apps Bridge Financial Literacy Gap for Latinos
New mobile apps focused on helping Latinos invest and manage their finances are proving successful in tapping into an underserved market in the U.S., according to The Associated Press. ...

New Firm Will Use Kolbe Concept To Engage Clients
A new Texas-based RIA founded by a husband and wife plans to use the Kolbe Concept—an observation and measurement of each person's unique method of operation, or their modus operadi—to evaluate and interact with clients. Ted and Kristin LeClair are both Kolbe Certified Consultants and have backgrounds in financial services. ...