Wealth Management Daily Memo

AUGUST 24, 2020

HIGH NET WORTH

California Lawmakers Propose First of Its Kind Wealth Tax

Thomas Norelli

Top earners may flee the state, but the proposed tax could follow them.

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REGULATION AND COMPLIANCE

DOL to Hold Public Hearing on Fiduciary Exemption Proposal

Patrick Donachie

The Department of Labor has set a hearing on its proposed fiduciary rule for Sept. 3 at 9 a.m. ET.

SPONSORED CONTENT

The Case for Long/Short Equity Funds as Volatility Rises

Sponsored by John Hancock Investment Management

Learn why long/short equity strategies are in focus now.

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BUSINESS PLANNING

Reflections of A Top Financial CEO’s Executive Assistant

Ellen Smith

Advice anyone—in all walks of life—can use, from someone who's seen it all.

SPONSORED WEBINAR

Fixed Income Investing 2020: Making Moves and Moving with Intention

Sponsored by Wells Fargo Asset Management

Attend this live webinar on Sept. 1 at 4:15pm ET to hear what’s ahead for fixed-income markets and get investment ideas for making portfolios more resilient.