Wealth Management Morning Memo

MARCH 27, 2019

Clayton Says There Is No Timetable For Best Interest Rule

Michael Thrasher

SEC Chairman Jay Clayton reiterated his belief that improved disclosures would, in many cases, be sufficient to ensure investors are protected.

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Philanthropy

Falling from Legislative Grace

Brianna L. Marquis, Andrew M. Nerney

The charitable deduction is meant to incentivize taxpayers to contribute to charities, not find ways to cheat the system

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Industry

Participants In Goldman Sachs' Securities-Backed Loan Program Double

Michael Thrasher

A year ago, about 40 independent advisory firms and broker/dealers were using the platform. Now, more than 100 have signed on.

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The Daily Brief

Technology

The Big Apple Threatens Fintech Companies

Samuel Steinberger

If Apple begins eyeing banking, there's danger for robos that have been moving into cash management.

NFP Acquires Bronfman Rothschild to Fold Into Sontag Advisory

Michael Thrasher

The insurance broker plans to integrate the wealth manager with its Sontag Advisory business, creating an RIA with more than $11 billion AUM.

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