Morning Memo
Wealth Management Morning Memo

OCTOBER 1, 2020

HIGH NET WORTH

NFL Players Lose a Major Retirement Plan Benefit

Players will not receive valuable club contributions to their retirement plans through 2023.

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INDUSTRY

Merrill Lynch Creates New Unit to Recruit More Advisors from Bank of America

Bank of America Merrill Lynch has created a new Advisory Division under executive Eric Schimpf.

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SPONSORED CONTENT

Fundamentals of Behavioral Finance: Overconfidence Bias

How overconfidence can lead to bad outcomes—and how advisors can nip it in the bud.

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TECHNOLOGY

Facet Wealth Raises $25M, Launches Employer-Focused Financial 'Coaching'

Facet Wealth has carved its niche from soaking up the clients others turn away. Now it's turning to employers.

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SPONSORED WEBINAR

Multiplying Assets in a Pandemic Era

This timely webinar will educate estate planners on pandemic statistics impacting family dynamics—and assist trusted advisors as they help families embrace their new normal, moving into their future and creating a comprehensive Family Wealth Plan in a pandemic era. Join on Oct. 1 at 2pm ET / 11am PT.

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Wealthies Circle Spotlight

Risk Tolerance Test

Intuitive, transparent and to-the-point.

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The Daily Brief

PEOPLE

Shirl Penney Hires Former Smith Barney Colleague as Dynasty's Head of Strategic Development

Joseph D’Agostino joins Dynasty from WestEnd Advisors, an institutional asset manager.

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INDUSTRY

Morgan Stanley Pays $5 Million SEC Fine for Short Sales Violations

Morgan Stanley neither admitted nor denied the SEC’s findings.

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