Morning Memo
Wealth Management Morning Memo

OCTOBER 20, 2017

TECHNOLOGY

Wells Fargo Introduces Rebalancing Tool, But Is It Playing Catch Up?

The firm says the tool will help advisors keep client portfolios aligned with risk, but others wonder if Wells Fargo is late to the party.

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ETFS

Bernstein Compared Passive Investing to Marxism; Now it's Launching Two ETFs

Bernstein's pivot toward ETFs includes stocks that are rated “outperform” by their research analysts and are highly rated in the firm’s quantitative alpha model.

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SPONSORED CONTENT

The Hidden Cost of Rebalancing

Manual portfolio rebalancing is not a simple task. New software solutions can save time and money; and also benefit your clients.

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INDUSTRY

Securities America Recruits $1.35 Billion OSJ From LPL

In addition, at least two other firms affiliated with LPL's recently acquired National Planning Holdings this week have left for other IBDs.

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The Daily Brief

A Market Correction Between Thanksgiving and Valentine’s Day?

This summer, Bank of American Chief Investment Strategist Michael Hartnett predicted a market crash in three to four months, according to ZeroHedge.com. (We’re currently in that territory.) But now Hartnett has changed his timeline and expects a stock market correction of 10 percent or more sometime between Thanksgiving and Valentine’s Day. ...

Betterment Valued at $1 Billion?
Insider shares of Betterment are trading on secondary market site EquityZen at a price that values the entire company at $1 billion, according to Business Insider. Stein told the website that the robo platform was growing assets, on average, $12 million a day. ...

Midwest Super-OSJs Unite

Two Super-OSJs in the Midwest have formally established an affiliation, according to an announcement on Thursday. IHT Wealth Management, a national firm based in Chicago, has agreed to partner with nVision Wealth Group, a mid-sized, regional firm and hybrid RIA group in Kansas. ...

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