Morning Memo
Wealth Management Morning Memo

NOVEMBER 11, 2021

Attorney: DOL's Interpretation of Fiduciary Rule More Expansive Than Ever

During a panel discussion on the new rule’s impact, one securities attorney said the DOL's interpretation on what recommendations fell under ERISA fiduciary scrutiny was “more expansive” than ever.

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Alternative Investments

Hurdles on the Horizon: New Crypto Regulation

Both the Infrastructure Bill and positioning of the SEC mark milestones that will alter the digital asset landscape.

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Industry

CI Financial to Acquire $7.5B Gofen and Glossberg

CI Financial’s latest deal is with a 90-year-old wealth management firm in Chicago, bringing its total U.S. wealth management assets to about $95 billion.

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High Net Worth

The FLP Valuation Discount is Here to Stay…For Now

The next test will be the return of proposed changes to IRC Section 2704.

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High Net Worth

Seven Tax Considerations for Foreign Professionals

Even a brief stint in the United States can result in significant tax liability and onerous reporting obligations.

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