Morning Memo
 
Wealth Management Morning Memo

OCTOBER 1, 2022

RETIREMENT PLANNING

Optimizing Social Security for Clients

You’re going to need a longer bridge.

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HIGH NET WORTH

The Patagonia Purpose Trust: What Is It and Will It Work?

Purpose trusts are nothing new, but this is an elegant twist on the strategy to achieve Yvon Chouinard’s objectives.

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FASTCHAT VIDEO

ESG Stewardship and Why Investors Should Care About It

Watch as Marian Macindoe, Head of ESG Stewardship, Parnassus Investments, discusses why investors should care about ESG Stewardship and how she predicts it will evolve over time.

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REGULATION AND COMPLIANCE

SEC Fines Firms $1.1B for WhatsApp, Texting Record-Keeping Failures

The involved firms include some of the biggest names in the financial services and wealth management space, including BofA, Citigroup, Morgan Stanley and UBS.

RELATED:  $1.1B WhatsApp Fine a 'Shot Across The Bow'

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REGULATION AND COMPLIANCE

DOL Alum Expects Latest Fiduciary Rule Update Will Be Pushed Back

Phyllis Borzi says the Labor Department may wait to learn the outcomes of several ongoing lawsuits concerning a Trump-era rule before moving forward on new regulations.  

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RESOURCE CENTER

Evolution of Retirement

The shift to financial independence.

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RETIREMENT PLANNING

Preserving Retirement Funds During Inflation

Asset classes like equities and real estate generally outgrow inflation.  

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PEOPLE

Pete Dorsey to Lead LPL's Institution Services

Dorsey has a long history in the RIA custodian market, most recently as chief strategist at Altruist. He will lead the LPL team responsible for its bank, credit union and enterprise clients.  

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SPONSORED WEBINAR

Checking in on China: A Market Outlook and Sector-by-Sector Update

Join this webinar on Oct. 12, as we not only offer insights on the general outlook for China’s market and where opportunities exist, but also provide updated views on the driving factors behind each sector.

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INSURANCE

Wyden Widens Investigation of PPLI

His letters express concerns that such arrangements often are used as tax evasion vehicles by the uberwealthy.  

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EQUITIES

Even Tech Execs Ask, ‘What Is Direct Indexing?’

The latest buzzword in wealth management has advisors scratching their heads.   

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RIA NEWS

Concurrent Departs Raymond James to Form Multi-Custodial Hybrid Platform

The OSJ is leaving the Raymond James platform to form a hybrid RIA with greater flexibility and access to more resources, Concurrent says.  

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FIXED INCOME

Lowly T-Bills Are Suddenly Sexy. Yes, Treasury Bills!

The interest rate on the one-year Treasury bill is an eye-popping 4.1%, up from .07% last year.  

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