Morning Memo
Wealth Management Morning Memo

JUNE 11, 2020

TRANSPARENCY WITH DIANA B. PODCAST

Living With Type 1 Diabetes

COVID-19 has put the diabetic community on alert. Morgan Stanley’s Head of Philanthropy Management Melanie Schnoll-Begun, who has Type 1 diabetes, is in the thick of it.

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ETFS

'Irrational Exuberance' at Play?

After the coronavirus lockdown, one has to wonder if overconfidence is driving the market now.

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SPONSORED CONTENT

Discover the Difference Responsible Investing Makes

Impact should be material and manageable.

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PEOPLE

Coronavirus Journal: Plans, Pivots and Parenting

Even with kids out of the house, advisor Heather Ettinger is finding that parenting her three young adult children through the crisis is more difficult than she imagined. But she does it—all while managing her firm.

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RETIREMENT PLANNING

More Companies Weigh Cutting 401(k) Match in Pandemic Pinch

As of late April, 12% of 816 companies representing 12 million workers had suspended matching contributions, according to a Willis Towers Watson survey. An additional 23% said they will or may halt them this year.

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SPONSORED CONTENT

Keep Market Volatility in Perspective

Help your clients ride out the ups and downs - with confidence. (LCN-3039449-041320)

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The Daily Brief

REGULATION AND COMPLIANCE

SEC Charges Trader in COVID-19 Blood Test "Pump and Dump" Scheme

Jason C. Neilsen engaged in a "pump-and-dump" scheme to boost interest in a biotech company in which he owned stock, hoping to sell his securities for a profit, according to a complaint filed by the SEC.

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TECHNOLOGY

Cheryl Nash’s Tegra118 Acquires RetireUp

Months after Fiserv’s wealth-tech business unit relaunched as Tegra118 under private equity firm Motive Partners, the firm is expanding retirement planning capabilities with RetireUp.

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SPONSORED WEBINAR

What’s Behind the Appeal of Portfolio Hedging Using Inverse ETFs

Join this webinar on Wednesday, June 17 as we discuss the significance of portfolio hedging, explain how inverse funds work, and provide examples of how inverse funds can help potentially reduce the risk in a portfolio.

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PEOPLE

Wigand Integrated Wealth Leaves Merrill for Sanctuary with $115 Million in AUM

Reinhold and Sam Wigand became the latest advisor team to bolt for Sanctuary Wealth.

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