Wealth Management Morning Memo

MARCH 20, 2021

HIGH NET WORTH

Twelve Potential Biden Tax Changes to Keep an Eye On

Simon Levin and Donald A. Kress

There may be only a brief window to take advantage of expiring traditional planning tools.

PEOPLE

Nine Scenic Remote Working Setups for Advisors

Samuel Steinberger

No longer tied to an office, these advisors decided to take in new scenery during the pandemic.

SPONSORED CONTENT

Financial Advisory in a Post-Pandemic World: Navigating the New Normal

Sponsored by Orion Advisor Tech

Read this eBook for more on embracing the right tools to guide you—and your clients—through the pandemic and beyond.

TECHNOLOGY

Envestnet Acquires Apprise Labs' Estate Planning Tech

Samuel Steinberger

Envestnet finalized the purchase of Edmond Walters' estate and legacy planning technology, rolling it into MoneyGuide and exiting the joint venture.

CAREERS

Shrink to Grow: Why Advisors Are Making the 'Strategic Decision' to Let Go of Assets

Mindy Diamond

In a world where bigger is considered better, many of Wall Street’s most talented and productive advisors are opting to go against the grain and leave chips on the table.

SPONSORED CONTENT

Personalized SMAs for Personal Values

Sponsored by Parametric

Discover a powerful gateway to implement responsible investing.

INDUSTRY

Activist Investor Ancora Seeks Changes in Blucora Board

Patrick Donachie

RIA and investor Ancora argues Blucora is mismanaging Avantax, its roll-up of tax-centric broker/dealers, including HD Vest, sending advisors fleeing.

RETIREMENT PLANNING

Five Key SECURE Act 2.0 Provisions

Denise Appleby

The bipartisan bill provides more opportunities to save for retirement. Here are some highlights.

SPONSORED WEBINAR

The Secret Ingredients of a Successful COI Strategy

Sponsored by Advisor Group

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REAL ESTATE

Why Investing in Opportunity Zones Goes Beyond a Tax Break

Reid Thomas

It is important for investors to know the real impact of their investment, dollar by dollar.

HIGH NET WORTH

When SPACs and Carried Interest Collide

N. Todd Angkatavanich

Advisors will have to consider more bespoke structures when attempting to reconcile these powerful techniques in a single plan.

INSURANCE

USPS Delays and Life Insurance

Bill Boersma

The policy owner solely bears the responsibility for a lapsed policy.

HIGH NET WORTH

Morgan Stanley to Offer Rich Clients Access to Bitcoin Funds

Sridhar Natarajan

Only wealthy clients with “an aggressive risk tolerance” and at least $2 million held by Morgan Stanley will have access to the funds.