Morning Memo
Wealth Management Morning Memo

APRIL 30, 2020

INDUSTRY

Twelve Positive Ways the Crisis Will Impact RIAs

With so much uncertainty and negativity pervading our lives, it’s helpful to imagine a future where we witness positive effects of the crisis on the RIA industry.

FULL ARTICLE

REGULATION AND COMPLIANCE

FSI Hits SEC for 'Regulation by Enforcement'

FSI argued in a petition that the SEC's Share Class Selection Disclosure Initiative unfairly subject brokers to de facto rules and regulations.

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SPONSORED CONTENT

Three Secrets of Successful Firms Revealed

What does preparation look like? Highly successful firms exhibit three distinct commonalities in their approach to their work and their technology.  

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HIGH NET WORTH

IRS Helps Foreigners Stranded in the United States Due to COVID-19

Two new revenue procedures provide some relief.

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CORONAVIRUS COVERAGE

REGULATION AND COMPLIANCE

Some RIAs Denied PPP Loans, Leaving Advisors Puzzled

Some advisors were deemed ineligible for the government’s loan program, but it’s unclear why.

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PEOPLE

COVID-19 Positive: How One Advisor Is Coping With the Virus

“That first night was just agony and screaming, because the body was under attack. But a virus is not going to take me down," said Kashif Ahmed, a Boston-based financial advisor who contracted COVID-19.

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HIGH NET WORTH

IRS Provides Guidance Regarding Estate and Gift Tax Deadlines

A new FAQ section on its website provides answers to questions on COVID-19 relief.

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SPONSORED WEBINAR

Intentional Inheritance: Five Things to do With Your Family Before You Discuss the Numbers

Is the coronavirus bringing your family closer together or further apart? By attending this webinar, you will learn five things you can do as a family in preparation for future transitions.  

Thursday, May 07, 2020 | 2:00 PM EDT

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PHILANTHROPY

Four Tips for Giving During the Pandemic

Even with the best intentions, it can be overwhelming to know where to start.

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CLIENT RELATIONS

Emotional Support for Unemployed Clients

With more than 26 million Americans out of work due to the coronavirus crisis, here is how financial advisors can make them feel understood and demonstrate they are there for them.

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The Daily Brief

ETFS

SoFi Extends Fee Waiver on ETFs to Mid-2021

Despite the current financial environment, the fintech company will continue to offer no-fee ETFs through the first half of next year.

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PHILANTHROPY

Industry Orgs Join Forces to Keep Non-Profits Afloat

The Foundation for Financial Planning, CFP Board, FPA and NAPFA are encouraging financial planners to direct donor-advised funds to non-profits during this time.

FULL ARTICLE