Morning Memo
Wealth Management Morning Memo

JANUARY 30, 2021

CLIENT RELATIONS

Why Advisors Should Care About GameStop

Don’t underestimate the power of social media and its ability to mobilize, organize, motivate and influence people, including clients.

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ETFS

Is GameStop in Your ETF?

GameStop has soared during January but is under owned by ETFs given its more than $20 billion market capitalization. Just 63 funds own a position in the company.

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SPONSORED CONTENT

What Makes Gold a Strategic Asset to Investors?

Our analysis illustrates that adding between 2% and 10% in gold to a hypothetical US pension fund average portfolio over the past decade would have resulted in higher risk-adjusted returns.

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ADVISOR CHANNELS

The M&A Trends Set to Shape Wealth Management in 2021

After a white-hot 2020, M&A experts believe we still haven’t reached a peak; many expect deal structures to evolve and new buyers to find the market in the coming months.  

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CAREERS

FPA, NAPFA Evolve Alongside Pandemic, Online Competition

With the rise of remote meetings, social media and online communities, do professionally managed industry associations like FPA and NAPFA have a future? The numbers are mixed.  

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HiddenLevers Passes COVID Stress Test

Focusing on volatility won’t prepare clients for the future.

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REGULATION AND COMPLIANCE

FINRA Examining Certain Reps Who Took PPP Loans

The scrutiny stems from registered reps who obtained PPP loans through undisclosed outside business activities, but a letter to one such rep is not part of a targeted examination or ‘sweep,’ FINRA says.  

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REGULATION AND COMPLIANCE

Fiduciary Advocates Urge SEC to Take 'Best Interest' Out of Reg BI

A new report from the Institute for the Fiduciary Standard urges the SEC to “rebrand Reg BI as a ‘New Suitability’ standard for broker/dealers” to clarify that brokers’ product recommendations are different from best interest fiduciary advice.

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WEALTHIES CIRCLE DIGITAL FORUM

Operations Innovation: Managing the New Normal

Join on Feb. 24th for the Technology CE Digital Forum event. Live, interactive sessions will be paneled by leading executives at award-winning firms covering the state and future direction of technology.

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TECHNOLOGY

Facing Complaints, Schwab Adds Staff as Short-Term Fix

In the midst of its integration with TD Ameritrade, Schwab is facing angry advisors fed up with poor service.  

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TECHNOLOGY

Fidelity Melds Research and Tech Into New ESG Advisor Tool

Fidelity is launching a new ESG-focused custodian-agnostic tool for advisors.  

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HIGH NET WORTH

How Biden's Tax Agenda Could Impact Charitable Donations

With the Democrats controlling the House, Senate and presidency, there’s the real possibility that donors will have a lot less disposable income to give away.  

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ADVISOR CHANNELS

Hightower Sees New Opportunity in IBD-Affiliated Firms

Hightower has already made two acquisitions of firms sitting at independent broker/dealers, and CEO Bob Oros expects it to be an area of growth for the firm going forward.  

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