WealthManagment.com Daily Memo
Wealth Management Daily Memo

JUNE 5, 2020

EDITOR'S LETTER

Do RIAs Need Corporate Welfare?

The argument some RIAs are making—that the PPP loan is a business loan, no different than any other, and comes with risk, and is not bailout money—just doesn't wash.

FULL ARTICLE

BUSINESS PLANNING

An Operational Path Forward for Asset Managers

Hold on to the lessons of the pandemic as the industry tries to go back to "normal."

FULL ARTICLE

SPONSORED CONTENT

Create Extraordinary Client Experiences with this Four-Step Plan

Evolving customer expectations are changing the way businesses engage. Use this four-step plan to rethink client engagement and deliver the extraordinary experiences that clients have come to expect.

FULL ARTICLE

WEALTHTECH WINNERS CIRCLE PODCAST

Tech Assisting Advisors Now More Than Ever

Envestnet's Stuart DePina discusses how AI enables advisors to stay in touch with their clients.

LISTEN

MICHAEL KITCES' #FASUCCESS PODCAST

Talking Career Change With Sara Stanich

Cultivating Wealth founder Sara Stanich talks in depth about her journey through the advisory industry.

FULL ARTICLE

CORONAVIRUS COVERAGE

REGULATION AND COMPLIANCE

Focus Financial Network, More Large RIAs Disclose PPP Loans as Congress Passes Changes to Program

The new legislation will lengthen the amount of time in which businesses can spend the loan, as well as the amount of time in which they have to pay the loan back if it is not forgivable.

FULL ARTICLE

INDUSTRY

McKinsey Report Warns Against Applying 2008 Lessons to Coronavirus Crisis

The pandemic's impact will affect advisors differently from the last major financial crisis, according to McKinsey.

FULL ARTICLE

CAREERS

Five Books to Gain Perspective

It's a challenging time in the world right now. Here are a few thoughtful resources to keep your mind right.

FULL ARTICLE

TECHNOLOGY

COVID-19 to Take Hybrid Robo Advisors Mainstream

CB Insights says the recent market volatility shows that investors still want a human advisor relationship.

FULL ARTICLE