Morning Memo
Wealth Management Morning Memo

JUNE 16, 2020

2020 WEALTHMANAGEMENT.COM INDUSTRY AWARDS

WealthManagement.com Industry Awards Finalists Announced

The finalists for the 2020 “Wealthies” include 155 companies across 73 categories to be recognized this year at a live, digital awards ceremony.

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HIGH NET WORTH

Did Kylie Jenner Lie to the IRS?

The beauty mogul might end up in hot water after Forbes uncovered tax document inconsistencies.

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SPONSORED CONTENT

Staying the Course

Get facts to show clients the benefits of long-term investing.

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PEOPLE

Raymond James Fires Employee Over Black Lives Matter Clash

Robert Larkins, a managing director at Raymond James, and his wife, Lisa Alexander, confronted a protester stenciling “Black Lives Matter” in chalk outside his own San Francisco home.

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PEOPLE

SEC Charges Advisor for Senior Fraud

The SEC charged Nashville advisor Frederick Stow for defrauding two seniors, one a World War II veteran.

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SPONSORED CONTENT

The Problem with Fees in Efficient Asset Classes

To try and solve the fee issue and the related implications of current fee constructs, asset managers must offer a well-aligned fee structure to create demand and compete with passive products.

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The Daily Brief

INDUSTRY

Advisors Forecast 2020 To Be Similar to 2018, Not 2008

Despite the market losses reaching as high as -34%, advisors say returns will be in the single digits.  

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INDUSTRY

Advisors See Higher Satisfaction Among Clients With Financial Plans

More than eight in 10 advisors (81%) believe clients with a financial plan had less discomfort and anxiety during the market volatility, according to an eMoney survey.

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SPONSORED WEBINAR

Navigating the Energy Markets Upturn

Global crude oil market fundamentals have tightened considerably since bottoming in April 2020. Please join us for this upcoming webinar on June 24th as we examine the state of the energy market in the midst of a global economic re-opening.

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TECHNOLOGY

Financial Planning Startup Origin Raises $12M

Funding for the employee-focused financial planning tool is part of the trend of money pouring money into automated workplace planning.

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