Morning Memo
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March 19, 2016

 

This Week's Best


The 10 Best and Worst Cities for Money Management

The worst cities on this list may present an opportunity for advisors; they’re the ones that arguably need financial advice the most.


Advisors Not Prepared for DOL Fiduciary Rule

Megan Leonhardt

Over half of advisors are waiting on the sidelines until the Department of Labor releases its finalized fiduciary rule, even though 73 percent feel it will require significant changes.

RELATED: 
Firms Hiring to Comply With DOL Fiduciary Rule


LPL Slashes Pricing As It Preps for Post-DOL World

Diana Britton

LPL will lower pricing and account minimums as it prepares for the coming Department of Labor fiduciary rule and shifts to a more fee-based model.


Turns Out Robots Don't Always Offer Conflict-Free Advice Either

Megan Leonhardt

A new report by the Financial Industry Regulatory Authority casts doubt on robo advisors’ ability to eliminate conflicts of interest.


eMoney Names Fidelity’s Ed O’Brien New CEO

Ryan W. Neal

Edward O’Brien, formerly a senior vice president and head of platform technology at Fidelity Institutional, was named eMoney’s new CEO on Thursday, starting immediately.


Financial Media Company Launching Female-Focused Robo Advisor

Ryan W. Neal

With WorthFM, a new robo advisor tailored for women, a media company uses technology to leap into financial services.


What Scares Wealthy Clients Most?

David H. Lenok

Even the ultra-high-net worth are kept up at night by life’s two unavoidable constants: death and taxes.


Save for Retirement or College?

Kevin McKinley

Most young families should put retirement ahead of college on their list of financial goals..


Family Drama in a Galaxy Far, Far Away

Will Sleeth

According to George Lucas, Star Wars is “all about family problems.” So, how would this fictional family deal with an all too common real-life issue?


From Bloomberg

The Koch Brothers Have Started a New Family Office to Quietly Invest Their Fortune

Bloomberg

With little fanfare, the Koch brothers are building an operation called 1888 Management LLC to manage part of their personal wealth.


Meet the DIY Quants Who Ditched Wall Street for the Desert

Bloomberg

Armed with little more than open-source software and an Internet connection, DIY types like Roger Hunter have razed virtually every barrier to entry in the world of quantitative investing.


How Vanguard Gains From Firm That Fired Founder Jack Bogle

Bloomberg

Wellington Management Co., which fired Jack Bogle in 1974, manages six large active mutual funds with a total of $240 billion in assets for Vanguard.


 

WEALTH MANAGEMENT MADNESS

Play Wealth Management Madness 2016

Who is the most influential person in wealth management? Find out who won in the first round of the annual bracket tournament.

Round 2 starts Monday.

Meet the contenders


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