Wealth Management Morning Memo

OCTOBER 6, 2020

INDUSTRY

Schwab Closes Acquisition of TD Ameritrade Amid Multitude of Changes

Samuel Steinberger

Advisors should expect changes in tech and personnel, as well as a new Texas headquarters, as the two firms begin integrating.

ETFS

Does Stock Risk Need to be Collared Now?

Brad Zigler

With the HYG/LQD ratio falling, hedging against a drop in SPY can be done for little or no cost.

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REAL ESTATE

Family Office CRE Investment Activity Is Ramping Up

John Egan

Kris Ferranti, of Shearman & Sterling LLP, says attractive investment opportunities have become more common in recent months.

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Repositioning Value: From ROI to Return on Life

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Wealthies Circle Spotlight

Addepar Announces Alternatives Marketplace

Contributed by Addepar

Marketplace makes it easy to view, transact and manage financial products through an integrated digital experience.

VISIT THE WEALTHIES CIRCLE

The Daily Brief

PEOPLE

Ex-Commonwealth Advisor May Face 20 Years in Prison

Asia Martin

Gerald A. Eaton pleaded guilty to stealing client funds and faces up to 20 years in prison.

PEOPLE

Northwestern Mutual Shakes Up Leadership

Samuel Steinberger

A series of promotions means a new Chief Investment Officer and the company's first Black, woman leader of risk product lines and annuities.

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INDUSTRY

San Diego Firm With $200 Million in Assets Joins LPL

Patrick Donachie

Reason Financial, headed by Steve Pollock and Sean Storck, will join LPL from Avantax Wealth Management.

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