Morning Memo
Wealth Management Morning Memo

OCTOBER 6, 2018

CAREERS

Chris Dudley, Wayne Chrebet, Jim Everett: 12 Pro Athletes Who Became Financial Advisors

Not all stories about professional athletes and finance are negative.

FULL ARTICLE

HIGH NET WORTH

What Can Fred Trump’s Estate Teach Us?

There’s a fine line between tax avoidance and tax evasion under our broken system.

FULL ARTICLE

REGULATION AND COMPLIANCE

PIABA Blasts FINRA’s New OBA Supervisory Rules

The arbitration attorney group argues that FINRA’s new proposals regulating outside business activities will leave investors more at risk of scams.

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FIXED INCOME

How Smart Are You About Bonds?

This 10-question quiz is not for the faint of heart.

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INDUSTRY

Michael Kitces on the Biggest Opportunities, Oversold Ideas in Advice

Recent innovations in advisor tech are filling large gaps in the financial services industry, says Michael Kitces, co-founder of XY Planning Network.

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HIGH NET WORTH

The 10 Most Financially Savvy States

The list here may serve as a valuable prospecting tool for advisors.

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TECHNOLOGY

Morgan Stanley Wealth Management Eyes Corporate Retirement Account Holders

The Wall Street bank’s wealth management division is improving services for plan sponsor employees and reminding them about the other services it offers.

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CLIENT RELATIONS

It's Time to Kill Quarterly Client Review Meetings

Quarterly client meetings are painful for everyone.

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MUTUAL FUNDS

Academic Survey Says Active Management Creates Value for Investors After All

An academic’s deep analysis of academic literature from the last two decades found that active management has been more positive for investors than conventional wisdom suggests.

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RETIREMENT PLANNING

Taking on the Ugliest Trend in Retirement

A surge in bankruptcy filings by seniors.

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