Wealth Management Morning Memo

SEPTEMBER 30, 2020

HIGH NET WORTH

Trump's Tax Returns Are a Teaching Moment

David H. Lenok

What Trump's big tax reveal can teach clients about the value of tax loss harvesting.

REAL ESTATE

Opportunity Zones Are a Great Investment. But They Need Verifiable Oversight

Reid Thomas

The best way to protect Opportunity Zone investors’ funds, their tax benefits, and their loyalty is through verifiable oversight.

SPONSORED CONTENT

Consider Investing in the Owner-Operator Advantage

Sponsored by Principal Financial Group

Studies show that investing in owner-operator led companies leads to better long-term results.

ALTERNATIVE INVESTMENTS

JPMorgan Admits Spoofing by 15 Traders, Two Desks in Record Deal

Matt Robinson and Tom Schoenberg

Over eight years, 15 traders at the biggest U.S. bank caused losses of more than $300 million to other participants in precious metals and Treasury markets, according to court filings on Tuesday.

EQUITIES

The Stock Market Is Having a Tupperware Party

Janet Freund

Tupperware shares have soared 368% in the third quarter, giving it the biggest gain in the S&P 1500 Composite Index.

SPONSORED CONTENT

Cetera Investment Management’s Market Outlook

Sponsored by Cetera

In this FastChat video, Gene Goldman, Chief Investment Officer and Director of Research for Cetera discusses with Wealth Management the company’s view on the markets, global economy and recovery.

Wealthies Circle Spotlight

36 Policy Recommendations the Government Must Enact

Contributed by Edelman Financial Engines

These policy actions are needed to support the millions of Americans struggling financially in the COVID-19 Crisis.

VISIT THE WEALTHIES CIRCLE

The Daily Brief

PEOPLE

Former NFL Player Joins LPL Financial

Asia Martin

The Hendrix Group, run by Brad Hendrix Sr., a former NFL offensive lineman, joins the broker-dealer and corporate RIA platforms at LPL Financial.

PEOPLE

Envestnet Adds Another CIO

Samuel Steinberger

Envestnet | PMC, Envestnet's “advisor to the advisor," is adding Dana D'Auria to the leadership group.

SPONSORED WEBINAR

The 2020 Behavioral Finance Evolution

Sponsored by Charles Schwab Investment Management

Join this expert panel on Sept. 30 to hear key findings and insights from the new BeFi Barometer 2020 survey. This year’s survey gives us a unique backdrop in which to consider the effects of behavioral finance on advisors and their clients.

TECHNOLOGY

Seismic Lands $92M In Funding

Davis Janowski

With its latest series of funding, sales and marketing platform Seismic is now valued at $1.6 billion.

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