Morning Memo
Wealth Management Morning Memo

MAY 23, 2018

INDUSTRY

Financial Advisors Aren't Giving Up On Active Management

Volatility and rising interest rates have made advisors keen as ever on active investment strategies.

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BUSINESS PLANNING

How OSJs Can Remain Relevant in a Consolidating Industry

OSJs need to show they provide value to advisors who would otherwise remain self-supervising.

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SPONSORED CONTENT

Market Outlook Favors Barbell Approach

We look at a barbell portfolio for this rising rate environment.

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FIXED INCOME

The Fed’s Balance Sheet Normalization… What If?

How would the markets respond if something happened to throw off the Fed’s well-telegraphed, long-term plan to reduce its balance sheet?

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The Daily Brief

Vanguard's Davis: Bitcoin Is Not a Currency

Vanguard Chief Economist Joe Davis's has been a long-time Bitcoin skeptic, writing on Vanguard's website last February that he would not be surprised to see the value of the crypto coin to fall to zero. Now his post has been reprinted, this time as a paid-for post on ETF.com, giving the view renewed currency in the digital echo chamber. ...

A Retirement Cost No One Talks About
The Society of Actuaries’ Committee on Post Retirement Needs and Risks published an annual report called "Post-Retirement Experiences of Individuals 85+ Years Old" and while most findings aren't surprising, one survey result might be, even to advisors. When participants were asked how big an impact certain events had on finances in the last five years, one category finished neck and neck with medical expenses: rising utility costs. ...

Crypto Miner Draws Some Heat, Into His Bathtub
One at-home cryptocurrency miner has used the heat given off by his mining circuitry to run hot water into his bathtub, reports Motherboard. The miner, who goes by “Lee” and reportedly works in IT in Alabama, said he could even imagine a mining system heating a swimming pool. ...

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