Wealth Management Morning Memo

JUNE 13, 2020

BUSINESS PLANNING

Ten Business Lessons from Famous Novels

John Kador

Sometimes the most powerful business lessons are embedded in novels.

PEOPLE

Creative Planning's Peter Mallouk on PPP Loans, Social Justice and Going Back to the Office

Erick Bergquist

WealthManagement.com talked to Creative Planning CEO Peter Mallouk about why his firm had no need for a PPP loan and how he plans to increase employee diversity at one of the nation's largest independent RIAs.

SPONSORED CONTENT

Client Acquisition and Retention

Sponsored by American Portfolios

Optimizing the Advisor's Toolbox.

DOWNLOAD WHITE PAPER

TECHNOLOGY

Ignorance Will Hurt Under New CFP Tech Standards

Samuel Steinberger

CFPs face an enforceable new code, including provisions for technology. Planners must have 'a reasonable level of understanding' of tech assumptions and outcomes, among other requirements.

ETFS

Isn't This a Time When Active Managers Should Shine?

Todd Rosenbluth

Despite favorable conditions for actively managed mutual funds, only a third outperformed their benchmark in the first four months of the year.

SPONSORED CONTENT

Podcast: Be Ready to Be Ready

Sponsored by Wells Fargo Advisors Financial Network

Are you interested in buying or selling an established advisory practice?

BUSINESS PLANNING

RIA Leaders: Unlock the Full Power of Your People

David DeVoe

RIA principals are failing the next generation of industry leaders, writes industry M&A consultant David DeVoe.

TECHNOLOGY

Built To Be Remote: FA Match Relaunches Recruiting Platform

Samuel Steinberger

Taking lessons learned from the pandemic, FA Match is launching a new iteration of its advisor recruitment platform.

SPONSORED WEBINAR

What’s Behind the Appeal of Portfolio Hedging Using Inverse ETFs

Sponsored by ProShares

Join this webinar on Wednesday, June 17 as we discuss the significance of portfolio hedging, explain how inverse funds work, and provide examples of how inverse funds can help potentially reduce the risk in a portfolio.

ETFS

'Irrational Exuberance' at Play?

Brad Zigler

After the coronavirus lockdown, one has to wonder if overconfidence is driving the market now.

RETIREMENT PLANNING

IRS Allows Remote Signature/Notarization for Retirement Plan Elections

Anna Sulkin

Notice 2020-42 issued to accommodate local shutdowns and social distancing measures.

ALTERNATIVE INVESTMENTS

Busting the Myth of the Marlboro Man

Scott Nisbet

Quitting tobacco and fossil fuels should no longer carry a wealth warning.

ESTATE PLANNING

No Better Time to Cover Your Ass(ets)

Randy A. Fox

Asset protection isn't just for wealthy clients, particularly in a post-COVID-19 world.