Morning Memo
Wealth Management Morning Memo

JANUARY 27, 2018

INSIDE ETFS

Vanguard’s New CEO Says Advisors’ Jobs Are in Jeopardy

Tim Buckley kicked off the Inside ETFs conference this week with a dire warning for those in the audience—embrace the inevitable fee erosion around asset management, or face extinction.

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INDUSTRY

UBS to Merge U.S. Global Wealth Management Units

The Swiss bank said local client service and advisor models will be maintained and benefit from integrated middle- and back-office functions.

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MY LIFE AS A CLIENT

Fired by Our Advisor

If you’d like to know what your clients really think about you, we’re here to help. The following is the view from Elizabeth McCourt, 48, of Westhampton Beach, NY. An executive coach and recruiter for financial advisors, she offers a unique perspective on life as a client.

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ETFS

Top Performing ETFs of 2017

Excluding leveraged and inverse funds, these are the top performing exchange traded funds of the year.

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INSIDE ETFS

Mohamed El-Erian: We’re Not in a Bubble

But we can expect a bumpier ride, Mohamed El-Erian told attendees at the Inside ETFs conference.

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HECKERLING 2018

The Importance of Helping Clients Plan for Long-Term Care

An interview with elder law expert Bernie Krooks at the Heckerling Institute on Estate Planning.
 

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ADVISOR CHANNELS

Tax Reform Could Make RIAs More Attractive to Corporate Buyers

Corporations suddenly have new incentives to buy registered investment advisory firms, says a new DeVoe & Company report.

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HECKERLING 2018

Will High Estate Tax Exemptions Mean Less Planning?

Practitioners just don’t believe the high estate tax exemption will last very long.

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PHILANTHROPY

Six Philanthropic Predictions for 2018

Fewer taxpayers itemizing deductions means fewer donations.
 

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HECKERLING 2018

Dark Money in Politics: A Legal Issue?

A look at the roles of lawyers, the IRS and the SEC in creating the current shambolic system.

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