Morning Memo
Wealth Management Morning Memo

APRIL 11, 2020

PEOPLE

Fifteen Classic Books on Investing and the Markets

WealthManagement.com readers recently chose the top books that helped them the most in their investment careers. Give these classics a read during your self-quarantine, if you haven't already.    

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INDUSTRY

Advisors Hit Hurdles in Applying for PPP Loans

The Paycheck Protection Program is aimed to help assist small businesses retain employees, but advisors have joined others in navigating changing guidelines and ran into immense demand.

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SPONSORED WEBINAR

Harnessing the Power of Price-to-Sales

Research of the monthly price-to-sales multiple of the S&P 500 Index over the past 30+ years shows a nearly 90% correlation between the price-to-sales of the index and its future 10-year return. So how can using the price-to-sales ratio of a diversified portfolio of stocks provide guidance to potential forward-looking returns? Learn more by attending this webinar.

Thursday, April 16, 2020 | 2:00 PM Eastern Daylight Time    

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PEOPLE

Coronavirus Journal: Working With Four Kids Is Going Better Than Expected

This is the first in a recurring series of dispatches from financial advisors about their lives—and work—under quarantine.

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REGULATION AND COMPLIANCE

SEC Issues Guidance on Reg BI, Form CRS Examinations

The SEC released two risk alerts to help firms prepare for the compliance date of June 30, which has remained unchanged despite the COVID-19 crisis.  

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REGULATION AND COMPLIANCE

Moving Forward With Reg BI—Communicate Early and Often

COVID-19 caused many firms to put Reg BI compliance on the back burner. Here are three key lessons to help firms get compliant by June 30.  

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TECHNOLOGY

From Remote Desktops, Fintechs Offer Warnings and Lessons For Advisors

As remote working becomes plain old working, what can advisors learn from the fintechs that support them?  

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TECHNOLOGY

Advisor's Silver Lining: Free Planning Everywhere

You get a plan! You get a plan! Financial planning software developers are eagerly using market volatility as an opportunity to get new customers.

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INDUSTRY

Transitioning in the Midst of a Pandemic

The spread of coronavirus put a kink in Blyth & Associates’ transition to LPL, but the team found that most things could be done virtually.  

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PHILANTHROPY

CARES Act Sweetens the Pot for Charitable Giving

Here’s what the new legislation could mean for your philanthropic clients.  

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CLIENT RELATIONS

Seven Steps to Perform a Successful 'Wallet Dump'

Might as well perform some financial disinfecting while you're in quarantine.    

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