Wealth Management Morning Memo

JULY 22, 2021

Empower Buys Prudential Retirement Assets For $3.55B

Samuel Steinberger

Empower Retirement's acquisition of Prudential's full-service retirement business is making it more competitive with Vanguard and Fidelity.

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Regulation

Mass. Charges Schwab for Failing to Stop Payments to Former RIA

Diana Britton

Schwab continued to pay out advisory fees to a former custody client now under state investigation, despite the fact he was no longer registered as an advisor.

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Getting Your Legacy Back on Track

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Regions' Dennis Blue on building wealth in volatile times.

Asset Protection

Florida Throws its Hat Into the Lucrative Trust Situs Ring

Craig R. Hersch

New legislation expanding directed and community trust statutes is designed to compete with trust laws of other states.

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Making Tax-Smart Withdrawals in Retirement

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See why a conventional withdrawal strategy may result in a big tax surprise.

DISCOVER STRATEGIES

Industry

Verdence Capital Advisors Sells Minority Stake to Emigrant

Asia Martin

Verdence will use the fresh capital to hunt for more talent and further develop its family office and financial planning services.

Insurance

How a Life Insurance Policy Loan Can Surprise You

Bill Boersma

A (not so) ridiculous analogy to bring reality into focus.