Morning Memo
Wealth Management Morning Memo

DECEMBER 16, 2017

TRUMP TAX REFORM

Tax Reform Proposals for Pass-Through Entities

The House and Senate’s proposals have ripple effects through many aspects of wealth planning.

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HIGH NET WORTH

Escaping State Income Taxes

Guidelines to help your clients move to a no-income tax state.

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INDUSTRY

Fee Structure Is Due for a Shake-Up: Report

Clients want flexibility when it comes to paying a financial advisor.

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EQUITIES

How Would Markets React to a Trump Impeachment?

Mercer Advisors’ Chief Investment Officer Don Calcagni looks at what the markets might do if President Trump is impeached.

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TRUMP TAX REFORM

FIFO Rule Reportedly Cut from Tax Reform Bill

Sources say the Senate’s “first-in, first-out” rule didn’t make the final version.

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ETFS

Build Your Own Index

After ETFs, the next revolution in investment management may be direct indexing, a kind of separately managed account for the masses. Many see it as an industry game changer.

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ETFS

ETFs Don’t Create Risks; Investors Do

Ben Johnson, the global ETF research director for Morningstar, on the evolution of ETFs, the (so far) lackluster demand for active strategies, and the unwarranted fear that ETFs pose a threat to the markets.

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ALTERNATIVE INVESTMENTS

Bitcoin Boom for Traders

One reason for the flood of money into bitcoin? Traders are attracted to the volatility, and that’s been in short supply.

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HIGH NET WORTH

What Prince Harry and Meghan Need to Know About U.S. Taxes

A few strategies that could help keep the royal couple’s financial information private.

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RETIREMENT PLANNING

Understanding Retirement Income-Modeling Assumptions

The challenge is to simplify the complicated assumptions.

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