Morning Memo
Wealth Management Morning Memo

NOVEMBER 10, 2018

PEOPLE

The Ten to Watch in 2019

The innovators and influencers set to change the industry.

FULL ARTICLE

CLIENT RELATIONS

Seven Questions Clients Wish Their Financial Advisors Would Ask

To truly understand a client’s goals, you have to truly understand the client.

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SPONSORED CONTENT

Do Rising Rates = Client Panic? Maybe. Maybe not.

Rising rates can signal impending volatility. Learn why in this piece from Hartford Funds.

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TECHNOLOGY

Vanguard Knocked From Top Spot in Robo Performance Rankings

Big incumbent asset gatherers outperformed a bulk of built-from-scratch robos for the third quarter of the year.

FULL ARTICLE

REGULATION AND COMPLIANCE

SEC Committee Wants to Put the “F” Word Into Reg BI

The Investor Advisory Committee believes the commission should make it explicit that Regulation Best Interest is a fiduciary standard.

FULL ARTICLE

SPONSORED CONTENT

Trade Risks Exacerbate Late-Cycle Pressures

The U.S. and global business cycles are maturing.

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INDUSTRY

Merrill Lynch Cuts Advisor Compensation to Control Costs

The brokerage is keeping 3 percent of advisors’ production credit each month.

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INDUSTRY

Citizens Buys $6.6 Billion RIA to Bolster Services to Wealthiest Clients

The tuck-in acquisition will improve scale and elevate services for the ultra-high-net-worth.

FULL ARTICLE

ETFS

Too Many Funds, Too Few Investments

In the investment world, too much of a good thing can be bad, and right now some advisors see red lights flashing with ETFs, hedge funds and commercial credit.

FULL ARTICLE

INDUSTRY

Wells Fargo Combines Private Bank, Ultra-High-Net-Worth Arms

The leader of the merged operation, who is as-of-yet unnamed, will report to John Weiss, head of wealth and investment management.

FULL ARTICLE

PEOPLE

Wells Fargo Wealth Management Head Jay Welker to Retire

With recent alleged scandals, his retirement could pave the way for more of the bank’s brokerage business to move to Wells Fargo Advisors division under David Kowach.

FULL ARTICLE

HIGH NET WORTH

Which Is More Valuable? The Heisman or The Babe?

A Heisman Trophy, a Super Bowl Ring, game-worn jerseys and a ball signed by The Babe were up for sale at Heritage Auctions’ Sports Memorabilia Auction.

FULL ARTICLE