Morning Memo
Wealth Management Morning Memo

JANUARY 23, 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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INSIDE ETFS

The Future of ETFs: Content Is King

The ETF wrapper has become commoditized. Going forward, what will be important is what’s inside, asset managers say.

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SPONSORED CONTENT

Location, Location, Location: Driverless Cars and Real Estate

Driverless cars will change the way we live. And that means major changes ahead for real estate.

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PHILANTHROPY

Six Philanthropic Predictions for 2018

Fewer taxpayers itemizing deductions means fewer donations.

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The Daily Brief

Goldman Sachs Issues Cryptocurrency Warning

Goldman Sachs issued a warning to its richest clients that cryptocurrencies have "moved beyond bubble levels," according to Yahoo Finance. The warning was part of Goldman Sach's Private Wealth Management Division's 108-page annual outlook, "(Un)Steady as She Goes." ...

Advisors Think The Emerging Markets Party Will Continue
Financial advisors were even more positive about emerging markets at the start 2018 than they were in 2017, according to a recent poll by Columbia Threadneedle Investments. Emerging markets were one of the best performing asset classes in 2017, but 57 percent of investment managers and financial advisors polled were still optimistic on the asset class in 2018, compared to 45 percent one year ago. ...

ETF Sponsors Face Hurdles Abroad
To mark the 25th anniversary of the exchange-traded fund industry, PwC published a new paper on ETFs detailing some of the things to look forward to, as well as some potential hurdles they face. ...

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