Morning Memo
Wealth Management Morning Memo

DECEMBER 5, 2020

INDUSTRY

LPL Scoops Up Waddell & Reed's Wealth Business

Broker/dealer Waddell & Reed, an 83-year-old firm, will sell its brokerage business to LPL and its asset management unit to Macquarie.

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TECHNOLOGY

Fidelity Boosts Wealthscape's Digital Onboarding, Other Capabilities

There are improvements to Fidelity Institutional's Wealthscape platform for both advisors and end-investors.

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EXCLUSIVE RESEARCH

Closing the Gap Between Recommendation and Action

A substantial number of clients wait five to 10 years to act on advisor recommendations, potentially hurting their long-term investment goals.

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COLLEGE PLANNING

Three Evergreen Steps to Cut College Costs

Potential price breaks come in many flavors.  

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CELEBRITY ESTATES PODCAST

Robin Williams and How to Spot the Warning Signs of Suicide in Your Clients

Financial advisors are in a unique position to see changing behaviors in clients that might pop up amid hardships with career, health or finances.  

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SPONSORED CONTENT

What Makes Gold a Strategic Asset to Investors?

Our analysis illustrates that adding between 2% and 10% in gold to a hypothetical US pension fund average portfolio over the past decade would have resulted in higher risk-adjusted returns.

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INDUSTRY

FA Match Raises $1 Million In Pre-Seed Funding

The pre-seed funding round included Brian McLaughlin, Ron Carson, Jason Wenk, and Steve Lockshin.

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INDUSTRY

FMG Suite Acquires Competitor Twenty Over Ten

The acquisition is part of FMG’s plan to become an end-to-end digital-marketing platform for financial advisors.  

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SPONSORED WEBINAR

Best Practices of a Modern Financial Services Firm

Attend this webinar on Tuesday, Dec. 8th and discover how to transform the role of CFO by incorporating cloud-based solutions that automate accounting processes—from the most basic to the most complex—to improve productivity, gain real-time visibility, and grow the business without the need for excessive hiring.

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EQUITIES

Six Charts That Explain the Stock Market's Big November

LPL Research breaks down the highlights from the stock market's historic month of November.      

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BUSINESS PLANNING

Why Diversity and Inclusion Reaches a Screeching Halt in Wealth Management

The workplace reflects the conscience of the leaders and the culture they create.  

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BUSINESS PLANNING

How 2021 Will Differ From 2020

Regardless of what the pandemic will bring, or not bring, in 2021, the wealth management industry has been changed forever.  

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PEOPLE

Thrivent Pulls in Gary Foster From LPL to Recruit Advisors

Thrivent Advisor Network is building out its business development team with former LPL executive Gary Foster.  

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