Morning Memo
Wealth Management Morning Memo

MAY 7, 2019

ALTERNATIVE INVESTMENTS

UBS Clients Burned by Iron Condor Strategy

Some clients in the “yield enhancement strategy” say they suffered losses greater than 20% in an investment they were told was “conservative” and “low risk.”

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TECHNOLOGY

Wealth Management Needs the “Zero Trust” Approach to Cybersecurity

Companies need a flexible security architecture that complies with regulations and can accommodate a dispersed and mobile workforce using many apps and devices.

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SPONSORED CONTENT

Municipal Bond Asset Allocation Guides

Blended municipal allocations from MacKay Municipal Managers.

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ETFS

Alpha In The Low-Vol Space

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The Daily Brief

INDUSTRY

Advisor Group Recruits Three Women-Led Advisory Teams

The three teams have a combined $250 million in client assets, the firm announced at its W Forum conference this week.

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ETFS

TD Expands Commission-Free ETF Platform By 81%

The custodian has added 255 ETFs and 12 providers to its ETF Market Center.

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PEOPLE

HighTower’s New CEO Fills Out Executive Ranks

HighTower has snagged Private Advisor Group’s Abby Salameh as its new chief marketing officer, among others.

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