Morning Memo
Wealth Management Morning Memo

DECEMBER 17, 2020

REGULATION AND COMPLIANCE

Consumer Advocates Call on Biden to Delay DOL's Fiduciary Rule

The Labor Department's final rule creating an exemption for fiduciaries on certain prohibited transactions under ERISA will go into effect after the start of the new administration.

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INDUSTRY

Will a Wealth Management SPAC Succeed?

While the structure is appealing, RIA sellers often focus more on who the partner is going to be and what they bring to the table in terms of peer groups and resources. With a SPAC, a lot of those are unknown.

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SPONSORED CONTENT

Dementia Caregiving Could Affect 1 in 3 Clients: Here’s How You Can Help

Clients who take on the role of caregiver will likely be affected financially, emotionally, and professionally.

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TECHNOLOGY

Pulse360's Quest: Make Advisors 50% More Productive

Pulse360 has introduced a task automation feature directly linking email, CRM and overall office productivity improvement.

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HIGH NET WORTH

The Top 10 Pieces of Art Sold at Auction in 2020

The top 10 lots pulled in an encouraging $408 million.

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SPONSORED CONTENT

Bridging the Generational Gap

How to attract emerging high-net-worth investors.

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Wealthies Circle Spotlight

Guiding Principles for Advisory Firm Success

What are the guiding principles that successful firms follow to reach new levels of growth?

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The Daily Brief

REGULATION AND COMPLIANCE

FINRA Seeks Firms' Feedback on COVID-19

The regulatory agency is looking to see if it should change its rules and operations to better address challenges faced during the pandemic.

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INDUSTRY

Merchant Buys Minority Stake in Miracle Mile

Merchant has made another minority investment—this time in Miracle Mile, a Los Angeles-based RIA firm with $2 billion in assets.

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TECHNOLOGY

Vise Raises $45M in Series B, Adds Second Sequoia Board Member

Vise has raised more than $60 million in funding this year, as it builds its team and begins adding clients.

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