Morning Memo
Wealth Management Morning Memo

JUNE 15, 2019

INDUSTRY

The Seven Most-Googled Financial Topics in the United States

A new survey found that income taxes, insurance and mortgages were among the top financial topics searched on Google.

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FIXED INCOME

Under Discussion: No Client Under 30 Should Own Bonds

'Bonds are reward-free risk, not risk-free reward' and best avoided altogether for younger clients, some advisors say.

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SPONSORED CONTENT

A Charitable Conversation Guide

Help clients develop an effective and tax-smart giving strategy.

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REGULATION AND COMPLIANCE

Schwab: Fight Over Fiduciary Interpretation Is ‘Semantics’

The RIA custodian believes the SEC’s change of language around the fiduciary standard is inconsequential.

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INDUSTRY

Merrill Lynch on Track to Add 47,000 Households in 2019, Sieg Says

Model portfolios, referrals from Merrill Edge and tapping into "overlap" with Bank of America's commercial unit were driving advisor efficiencies and bringing in record numbers of new clients.

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SPONSORED CONTENT

Style Drift: Are Your Mutual Funds True to Their Name?

Mutual funds that stay true to their investment strategies help form the foundation of asset allocation success.

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ESTATE PLANNING

Connecticut Overhauls Its Trust Laws

Recent legislative activity modernizes trust administration and provides opportunities for planning.

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CAREERS

Don’t Let Fear Hold You Back

Eight ways an advisor can build the knowledge needed to regain courage and confidence to make a move.

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ADVISOR CHANNELS

Dynasty’s 'Freedom Note' Brings a Wirehouse Recruiting Trick to Independents

Dynasty is recreating a wirehouse compensation strategy to lure new advisors—giving them an up-front payment in the form of a forgivable loan—but it comes with a new twist; advisors don’t give up any equity.

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TECHNOLOGY

Pershing Working on a Full Stack Integration

Advisors need integrations to be strong across the important parts of the value chain, says Pershing.

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ETFS

Utilities Poised For Big Upsides

There’s momentum in these stocks.

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INSURANCE

The Bastardization of Premium Financing

What you see isn’t necessarily what you get.

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