Morning Memo
Wealth Management Morning Memo

JULY 2, 2020

REGULATION AND COMPLIANCE

DOL Rule's Rollover Exemption a Surprise. But Is It Enforceable?

Some retirement experts expressed surprise that the DOL's proposed exemption for fiduciaries included any expanded investor protections, but they also cautioned the changes lacked teeth.

FULL ARTICLE

Advertisement

TECHNOLOGY

Acorns Targets Baby Investors While UNest Offers UTMAs

Investing apps aimed at young investors are rolling out custodian accounts for their children formed under the Uniform Transfers to Minors Act (UTMA).

FULL ARTICLE

MUTUAL FUNDS

Key Strategies for ESG Investing Success

Wealth management professionals need to be ready to help their clients turn interests into concrete investment decisions.

FULL ARTICLE

The Daily Brief

REGULATION AND COMPLIANCE

Temenos Advisory Ordered to Pay $2 Million Over Risky Investments

The SEC charged Temenos Advisory and its CEO in July 2018 for putting $19 million of elderly clients’ retirement savings into four risky, illiquid private placements, without conducting the proper due diligence or disclosing the risks.

FULL ARTICLE

INDUSTRY

Mercer to Buy $660 Million AUM ClearRock Capital

The move to sell was part of ClearRock’s business continuity strategy.

FULL ARTICLE

READ MORE OF THE DAILY BRIEF
</