Morning Memo
Wealth Management Morning Memo

APRIL 7, 2018

REGULATION AND COMPLIANCE

Merrill Lynch Gives Up Fight Against Former Advisors’ Right to Arbitrate

Merrill Lynch has dropped nine federal court cases it filed against former financial advisors to prevent them from arbitrating claims against the firm.

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ALTERNATIVE INVESTMENTS

Asset Manager Brings Crypto Fund to Retirement Accounts

Bitwise’s cryptocurrency index fund is now available in IRAs. But use caution.

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INDUSTRY

Cerulli: Don’t Fear the FAANG Robo

Ironically, the desire for human advice is one of the biggest roadblocks keeping companies like Facebook, Amazon, Apple, Netflix and Google out of the robo space, according to a new Cerulli report.

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INDUSTRY

JPMorgan Chase Expects to Double Market Share of Affluent Clientele

CEO Jamie Dimon said the bank has only captured 1 to 4 percent of the market.

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CLIENT RELATIONS

Five Car-Buying Mistakes Clients Make

Even your savviest car-buying clients should avoid these missteps at the dealership.

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TECHNOLOGY

Fintech Report Card: March 2018

Riskalyze CEO Aaron Klein gives the thumbs up or thumbs down on the biggest pieces of news to hit advisor technology in the previous month.

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ESTATE PLANNING

Gift Split Gaffe

Accountant’s mistake could result in increased generation-skipping transfer taxes.

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PROSPECTING

Timeline of Converting Prospects to Clients

New research details how affluent prospects move through the pipeline.

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THE PUZZLER

Ten Intuitive Puzzles to Test Your Smarts

The trick with good puzzles is not to overthink them. Here are 10 quick puzzles to give your brain a bit of a workout. Give yourself a minute for each item. If you’re stuck, ask a kid. Good luck.

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HIGH NET WORTH

Conservation and Preservation Easements Offer Huge Tax Benefits

The wealthy wield unique power to preserve valued resources.

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