WealthManagment.com Daily Memo
Wealth Management Daily Memo

AUGUST 21, 2020

HIGH NET WORTH

Billionaire Robert Smith Fighting U.S. Criminal Tax Inquiry

Federal authorities have spent four years examining whether Smith failed to pay U.S. taxes on about $200 million in assets that moved through offshore structures.

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TECHNOLOGY

Riskalyze Fintech Report Card: July 2020

Riskalyze CEO Aaron Klein gives the thumbs-up or thumbs-down on the biggest news to hit advisor technology in the previous month.

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MUTUAL FUNDS

Wall Street Creates $3 Trillion Whale in Model Portfolio Boom

In an era of fee wars and exchange-traded funds, the popularity of model portfolios is exploding.

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