Wealth Management Daily Memo

JUNE 4, 2020

INDUSTRY

DOJ Ends Antitrust Investigation Into Schwab/TD Ameritrade Merger

Diana Britton

Schwab expects the deal to close in the second half of this year, and if it goes through, the firms will be integrated over 18 to 36 months.

INDUSTRY

McKinsey Report Warns Against Applying 2008 Lessons to Coronavirus Crisis

Samuel Steinberger

The pandemic will affect advisors differently than the last major financial crisis, according to McKinsey.

SPONSORED PODCAST

Be Ready to Be Ready

Sponsored by Wells Fargo Advisors Financial Network

Are you interested in buying or selling an established advisory practice?

ETFS

ETFs That Saw the Greatest Inflows in the Past Month

Aniket Ullal, First Bridge Data

These funds saw the most money flow into them over the past 30 days.

CORONAVIRUS COVERAGE

CAREERS

Five Books to Gain Perspective

Matt Oechsli

It's a challenging time in the world right now. Here are a few thoughtful resources to keep your mind right.

SPONSORED CONTENT

The Problem with Fees in Efficient Asset Classes

Sponsored by Westwood Holdings Group, Inc.

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.