Morning Memo
Wealth Management Morning Memo

MAY 4, 2018

INDUSTRY

LPL Retains 59 Percent of NPH Advisors, $75 Billion of AUM

The firm was not able to transfer over a minimum of 72 percent in advisor production from National Planning Holdings, so it won’t have to shell out a contingent payment.

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HIGH NET WORTH

What’s Next for U.S. Taxpayers with Undisclosed Foreign Assets?

There are still many clients who are not aware of their disclosure and reporting obligations.

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Sticking up for Investors

Learn about the SEC's new proposed fiduciary standards.

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TECHNOLOGY

Beware These Key Indicators of a Fraudulent ICO

Such offerings are not subject to existing regulations.

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The Daily Brief

Houston Financial Advisor Charged With Defrauding ex-NFL Star

A Houston woman has been arrested and charged with stealing more than $1 million from former New Orleans Saints wide receiver Robert Meachem. Tonya Lynn Adkism, 44, is facing 15 counts, including mail, bank and wire fraud and aggravated identity theft, the Houston Chronicle reports. ...

Cost of Living Factors Big in Financial Freedom
If your clients are having a hard time hitting their savings goals, maybe a change of scenery is in order, writes J.D. Roth. With housing representing the biggest drain on Americans’ budgets, moving to a new neighborhood, city or state can mean a new (lower) cost of living and a fresh start at meeting financial goals. ...

Raymond James Chooses Insider For New Director Role
Jodi Perry was promoted to a new position–the national director of the Independent Contractors Division (ICD)–at Raymond James, the independent broker/dealer said Wednesday. Perry was previously the director of the firm's Southeast region but will now oversee all the regions in the U.S. ...

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