Morning Memo
Wealth Management Morning Memo

MAY 26, 2018

REAL ESTATE

A Look at America's 20 Most Prosperous Cities

Gauging six measures, RentCafe has generated its take on America's most prosperous cities since 2000.

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REGULATION AND COMPLIANCE

SEC’s Clayton: “No Daylight” Between Advisor, Broker/Dealer Duties in Proposed Rules

The SEC chairman said the agency’s proposed rules around improved disclosures and a best interest standard for broker/dealers and advisors are meant to meet the reasonable expectations of clients, regardless of the business model.

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TECHNOLOGY

Fidelity Introduces Cora, a VR Financial Agent

VR is not just for video games. Built from scratch, Fidelity collaborated with Amazon to develop its virtual reality financial agent, Cora.

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RETIREMENT PLANNING

Will Tax Reform Cause a Roth Conversion Bonanza?

Middle-income IRA owners could have a great opportunity.

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REGULATION AND COMPLIANCE

FINRA to Reveal Reps’ Undisclosed Bankruptcies, Judgments and Liens

The organization will conduct a search of public records within 15 days of a new U4 filing, helping member firms fulfill a regulatory requirement.

RELATED: FINRA Accelerates Its Retrospective Rule Review Program

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REGULATION AND COMPLIANCE

Fifth Circuit Again Denies States' Attempt to Intervene in Fiduciary Rule Case

For the second time, a three-judge panel ruled against the state attorneys general of New York, California and Oregon to intervene in the case against the DOL fiduciary rule.

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HIGH NET WORTH

Taxation of Athletes and Entertainers Under the New Tax Law

Many adverse effects on the players’ pocketbooks can be mitigated or offset with decisive planning and action.

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BUSINESS PLANNING

How OSJs Can Remain Relevant in a Consolidating Industry

OSJs need to show they provide value to advisors who would otherwise remain self-supervising.

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ETFS

Five Water-Themed Equity ETFs

Five water-themed equity ETFs ranked by one-year returns.

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CLIENT RELATIONS

Why Financial Advisors Should Review Tax Returns

Tax return information can be used as a tool to help increase long-term wealth.

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