Wealth Management Morning Memo

JANUARY 23, 2019

REGULATION AND COMPLIANCE

Nevada’s Fiduciary Rule Lacks a ‘Best Interest’ Definition

Diana Britton

But fiduciary advocates say the proposal is an improvement on the SEC's Regulation BI in drawing a distinction between advisors and brokers.

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ETFS

Inside ETFs Q&A: Henry Timmons Has Found Success With "Pactive" Management

Dan Weil

Richard Bernstein Advisors' senior quantitative analyst discusses his belief in niche ETFs and the opportunities he sees in short duration bond ETFs.

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The First 90 Days

Sponsored by BNY Mellon's Pershing

Success for breakaway RIA firms is driven by practical and cultural factors.

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HIGH NET WORTH

Private Equity Investors Get Rules on 20 Percent Tax Break

Laura Davison and Lynnley Browning

The IRS issued its guidance on the new 20 percent deduction for pass-through business owners despite many workers on furlough because of the government shutdown.

The Daily Brief

TECHNOLOGY

Banks Should Worry About Innovation, Not Cryptos

Samuel Steinberger

Cryptos are a failure on many levels, says a senior advisor tasked with addressing the UK's approach to financial technology.

INDUSTRY

More Top Brokers Join Rockefeller in Atlanta

Michael Thrasher

The two latest teams joined from Bank of America's Merrill Lynch.

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