Morning Memo
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November 26, 2016

 


There’s No Getting Out Of Fiduciary Duties


Land of the Free, Home of the Super Rich

David H. Lenok

Individual wealth has grown dramatically over the past century all over the world, but America will have to continue to be a workhorse if that trend is to continue.


Is There a Risk in Risk Parity Funds?

Dan Weil

These mutual funds attempt to best a standard portfolio allocation in all market conditions.


Forget Treasury Secretary. This Trump Pick Matters Most to Banks

Jesse Hamilton and Robert Schmidt | Bloomberg

It appears the Trump administration will not do away with Dodd-Frank's Federal Reserve vice chairman to oversee Wall Street.


$1.7 Billion Wells Fargo Team Jumps Ship for Noyes

Thomas Seubert

Chris and Brian Cooke will serve as partners for Noyes' wealth management group and will open the firm's largest branch.


Financial Planners Play Therapist to Paralyzed Liberals

Ben Steverman | Bloomberg

Advisors are coaxing their progressive clients to stick to their investment plans, even if they feel the world is ending.


Remind Clients of Importance of Updating Estate Plans

Bryan D. Kirk

Recent developments trigger need for review.


Fidelity Says Abigail Johnson to Succeed Father as Chairman

Charles Stein | Bloomberg

Edward 'Ned' Johnson is retiring and will become chairman emeritus.


For Some Stocks, the Rally Needs a Breather

Brad Zigler

Risk is “on” for equity investors.


 

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