Morning Memo
Wealth Management Morning Memo

APRIL 1, 2021

PEOPLE

SEC Charges Pro Athlete Advisor With Fraud

The SEC claimed Douglas Elstun put clients' long-term money in high-risk leveraged and inverse ETFs, funds meant for short-term trading. He was trying to "please too many people," his lawyer said.  

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ESTATE PLANNING

Senate Democrats Are Coming for Stepped-Up Basis at Death

Estate planners have mixed feelings about the proposed Sensible Taxation and Equity Promotion (STEP) Act.

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SPONSORED CONTENT

Is Domestic Dominance at an End?

If domestic equities fade, here's what clients need to know.

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INDUSTRY

Avantax Acquires Lead Gen Platform GuideVine

At the same time, an activist shareholder in the b/d’s parent, Blucora, continues its proxy campaign with a new 73-page presentation calling for change in the firm’s board of directors.

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REAL ESTATE

Wave of Capital Vies for Shrinking Pool of Distressed Assets

With a recovery coming sooner than many anticipated, there may be more capital chasing distressed assets than viable opportunities.

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SPONSORED CONTENT

Manage Risk and Provide Your Clients with Peace of Mind

Are you doing enough to manage successor trustee risk?

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