Morning Memo
Wealth Management Morning Memo

AUGUST 3, 2018

HIGH NET WORTH

Family Feuds are a Wealth Management Nightmare

Short of a foreign military invasion, nothing destroys wealth faster than serious family drama.

FULL ARTICLE

RETIREMENT PLANNING

New York University Prevails in Lawsuit Over Employee Retirement Plans

U.S. District Judge Katherine Forrest said the plaintiffs failed to prove that NYU’s retirement plan committee acted imprudently or caused losses by saddling them with poorly performing investment options and excessive recordkeeping fees.

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SPONSORED CONTENT

The Advisor’s Guide to Donating Non-Cash Assets to Charity

Deepen client relationships and differentiate yourself by incorporating philanthropy into your practice. This 18-page guide will help you turn your clients’ appreciated illiquid assets into tax smart charitable contributions.

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CAREERS

How to Use Self-Hypnosis to Achieve Your Goals

Take the time to visualize where you want to be in five years, one year and today.

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The Daily Brief

RETIREMENT PLANNING

Gen X Is First To Recover Wealth Lost In Great Recession

The median net household worth of those in Generation X rose 115 percent since 2010.

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INDUSTRY

Advisory Firms With a Niche Are Far More Profitable

The median operating profit margin for target-focused firms was 18 percent higher than others and median annual client growth was 35 percent greater.

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TECHNOLOGY

Blockchain Holds 'Significant' Value For Financial Services

Besides payments, blockchain has applicability in financial services from share trading and claims management to asset custody in public and private markets.

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