Wealth Management Morning Memo

MAY 4, 2019

PHILANTHROPY

Test Your Smarts on Donor-Advised Funds

John Kador

This pop quiz will give you a good sense of your expertise on donor-advised funds.

REGULATION AND COMPLIANCE

AXA to Pay $3.2 Million Arbitration Award to Elderly Poultry Farmers

Diana Britton

The couple said their AXA broker sold them high-end, high-commission annuities and life insurance policies they didn't need.

SPONSORED CONTENT

Crossroads: Critical Decisions to Evolve an RIA

Sponsored by BNY Mellon's Pershing

Is your independent RIA at a critical crossroads?

DOWNLOAD WHITE PAPER

CAREERS

Raymond James to Create New Platform for Buyers and Sellers

Diana Britton

The new offering will facilitate introductions between prospective buyers and sellers, a la Match.com.

ETFS

ETFs With the Greatest Outflows in the Past Month

Aniket Ullal, First Bridge Data

These ETFs saw the biggest outflows over the past 30 days, measured by one-month net flows–to-assets ratio.

SPONSORED CONTENT

Understanding the Differences in Women Investors

Sponsored by Fidelity Investments

Explore distinct preferences women have for working with advisors.

DOWNLOAD WHITE PAPER

HIGH NET WORTH

Five Reasons to Hold Vacation Homes in an LLC

Harvey Bezozi

An introduction to the vacation home LLC and why it's so beneficial.

TECHNOLOGY

Bergman: Envestnet's Plans for PortfolioCenter, MoneyGuide

Samuel Steinberger

One-on-one with Jud Bergman, who discusses financial planning, Apprise Labs, the big tech name he hopes to emulate and more in a wide-ranging Q&A.

INDUSTRY

HighTower's Plan to Double in Size? The Same as Everyone's

Michael Thrasher

The firm has officially forgone its original partnership model and is now solely focused on providing capital and support services to RIAs.

INDUSTRY

Financial Advisor Revenue Reaches Record High Despite Drop in Assets

Patrick Donachie

A new report from PriceMetrix found advisors grew revenue without relying on robust market performance by forging new client relationships and strengthening existing ones.

TECHNOLOGY

Envestnet Introduces Another Analytics Tool

Samuel Steinberger

After building and buying more tools, Envestnet opens its conference with a focus on analytics specifically for advisors.

ESTATE PLANNING

California Proposes a State Gift and Estate Tax Beginning 2021

Debra Doyle, David Berek, Jack Newlin and Spencer Guillory

It’s not clear whether the state’s voters will endorse it.