Wealth Management Daily Memo

JUNE 18, 2020

INDUSTRY

Sanctuary Wealth to Finance Partner Firm Acquisitions

Erick Bergquist

The Indianapolis breakaway acquirer will now fund sub-acquisitions of its partner firms, taking a minority stake in the acquired firm.

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REGULATION AND COMPLIANCE

Former Obama Official Challenges FSI’s ‘Regulation by Enforcement’ Argument

Patrick Donachie

Former Assistant Secretary of Labor Phyllis Borzi condemned the advocacy organization for trying to inhibit the SEC's ability to act on existing rules, during an Institute for the Fiduciary Standard webcast.

SPONSORED CONTENT

Navigating Uncertain Waters: Preparing for a Post-Pandemic World

Sponsored by Franklin Templeton

Dr. Hasenstab and team examine the economic implications of the global pandemic and look ahead to a post-virus world.

REAL ESTATE

Foreign Investors Have Stayed Away from U.S. Real Estate in Recent Months. That Trend Is Not Expected to Hold

John Egan

Once the pandemic is over, foreign buyers will likely see attractive investment opportunities in core assets.

ETFS

Wall Street Greets WisdomTree’s Bitcoin ETF Plan With Doubt

Claire Ballentine and Vildana Hajric

WisdomTree Investments plans to launch a fund that could invest as much as 5% of its net assets in Bitcoin futures traded on the Chicago Mercantile Exchange.

SPONSORED CONTENT

Tools That Help Take Uncertainty Out Of Retirement Income

Sponsored by Transamerica

During these unpredictable times, guaranteed income products can help take some of the guesswork out of saving for retirement—and eliminate uncertainty about generating enough retirement income.

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