Wealth Management Morning Memo

JANUARY 8, 2020

REGULATION AND COMPLIANCE

Opponents, Supporters Spar Over Massachusetts' Fiduciary Rule

Patrick Donachie

A hearing in Boston on Tuesday brought out advocates and opponents to Massachusetts Commonwealth Secretary William Galvin's proposed standard.

REGULATION AND COMPLIANCE

Dodd, Frank Take a Stand Against the SEC's Reg BI

Diana Britton

Reg BI, at odds with Section 913 of the Dodd-Frank Act, cannot stand, the Congressmen argue.

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INDUSTRY

UBS Wealth Unit Revamp Gathers Pace With 500 Jobs Set to Go

Marion Halftermeyer and Sonali Basak

The jobs UBS is planning to cut represent about 2% of the workforce in its global wealth management unit.

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Experience versus service—know the difference?

The Daily Brief

INDUSTRY

FourThought Private Wealth Leaves Wells Fargo FiNET, Relaunches as RIA

Asia Martin

Pinkerton Private Wealth has been rebranded as FourThought Private Wealth.

INDUSTRY

StoneCastle Drops Account Minimums For Cash Solution

Samuel Steinberger

The race to zero is catching on.

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