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Wealth Management Morning Memo

MAY 1, 2018

DOL FIDUCIARY RULE

DOL Rule One Step Closer to Death

Diana Britton

The Department of Labor missed the deadline to file for a rehearing in the Fifth Circuit Court of Appeals, meaning the court's decision to vacate the fiduciary rule stands. 

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ETFS

Don't Sell in May, Rotate Away

Todd Rosenbluth

With the mid-terms coming, it may be prudent to prune your clients' exposure to historically volatile stocks, and these ETFs make it easy. Here's what CFRA suggests.

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SPONSORED CONTENT

Sticking up for Investors

Sponsored by Morningstar

Learn about the SEC's new proposed fiduciary standards.

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HIGH NET WORTH

Seven Ways Family Offices Can Build Trust

Amy Hart Clyne

Families offices should take steps to build trust among their members — as well as with the public at large, says the executive director of the Family Office Exchange.

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The Daily Brief

HSBC Private Banking Expands to Seattle

HSBC Global Private Banking is expanding to Seattle, the bank announced. The office will be lead by Mark Pittsey, Market Head for the West Region. The aim is to take advantage of the growing population of affluent men and women in the area, namely coming to the United States from Asia. ...

John Hancock To Have Single, Digital Platform By 2022
 Insurance and annuity provider John Hancock is embarking on a four-year project to build a single, digital platform for its life and annuity customers, the company announced. One of the largest life insurers in the U.S., according to the company's website, John Hancock will be working with Infosys to merge “several legacy systems” ...

Yacht Charter Market Booming
The yacht charter market is expected to boom in the coming years, reaching $15.86 billion by 2026, a 5.4 percent compounded annual growth rate from $9.85 billion in 2017, according to a new report by Credence Research. ...

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