Morning Memo
Wealth Management Morning Memo

OCTOBER 31, 2020

PEOPLE

Thirteen Strange and Grisly Advisor Tales

What Halloween would be complete without murder, Hoodoo and, of course, Chechen hitmen.

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INDUSTRY

CFP Board to Substitute Advisor Compensation Search Feature

After receiving backlash from the fee-only community for removing the advisor compensation feature from its website, the CFP Board announced it was building a new one.  

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SPONSORED CONTENT

Low Fees Aren't Always the Answer

In recent years, investors have flocked to low- and no-fee investments and providers. But there may be a downside for investors who focus only on fees when making investment decisions.

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PEOPLE

Schwab Announces Hundreds of Layoffs, Including Key Execs at TDAI

Amid a larger round of layoffs, several members of the leadership team at TD Ameritrade Institutional were given notice on Monday.  

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INDUSTRY

Schwab Execs Affirm Promises, Acknowledge Uncertainty

Advisors want to know what's happening as Charles Schwab integrates its TD Ameritrade acquisition. Walt Bettinger and Bernie Clark ask for patience.  

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SPONSORED WEBINAR

Top Tech Tips for Financial Services Teams Working Remotely

Join this webinar on Wednesday, Nov. 4 at 2pm ET / 11am PT (no IT degree required!) to learn how to stay effective no matter where you are located–regardless of kids, pets or other distractions.

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HIGH NET WORTH

IRS Releases 2021 Inflation Adjustments

Revenue Procedure 2020-45 provides updates for more than 60 tax provisions.  

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RETIREMENT PLANNING

IRS Updates Income Ranges for Determining IRA Eligibility

New cost‑of‑living adjustments for 2021 will affect dollar limitations for pension plans and other retirement-related items.

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REGULATION AND COMPLIANCE

A Blue Wave May Derail DOL's Rule on ESG in Retirement Plans

Even as the Trump administration races to finalize a rule restricting ESG investments in retirement plans, there are still a number of ways in which a Democratic win next week could reverse the decision, according to a panelist at Money Management Institute's 2020 conference.  

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EQUITIES

This Election Season, Focus on the Long Term

Helping clients understand the benefit of a long-term perspective is critical to effectively navigating volatile periods of time.  

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ALTERNATIVE INVESTMENTS

Gold in the Time of COVID-19

A deep dive into the production and consumption of gold.      

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HIGH NET WORTH

Just What Is a 'SLAT,' Anyway?

For married clients reluctant to make gifts directly to their children, a spousal lifetime access trust can be an ideal solution.  

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