Morning Memo
Wealth Management Morning Memo

AUGUST 24, 2018

ETFS

Flows to Passive Funds Are Slowing

“Passive investment is now growth-tilted, momentum chasing, biased toward popular-weighted indices. Why should you expect the best returns from that?” asks Research Affiliates’ Rob Arnott.

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BUSINESS PLANNING

Building an Advisor Compensation Plan for the Future

Morgan Stanley's encouragement of its financial advisors to use the wirehouse's digital tools is just one of many ways financial advisor compensation is changing.

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2018 WEALTHMANAGEMENT INDUSTRY AWARDS FINALIST

Delivering Scalable Rebalancing Solutions

Helping advisors bring more personalized services to a broader audience.

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PEOPLE

Norm Cook Leaves Halite Partners for $635 Million RIA WealthStone

Cook will serve as president and CEO and join the RIA’s investment committee.

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SPONSORED CONTENT

Market Pulse: Momentum Reinforces Equity Signal

Tariffs and a flattening yield curve are likely culprits in negative momentum.

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The Daily Brief

REGULATION AND COMPLIANCE

SEC Chairman Clayton Still Taking Suggestions on Regulation BI

SEC Chairman Jay Clayton is holding roundtable discussions regarding the agency's best interest proposal.

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MUTUAL FUNDS

Morningstar: It Ain't Easy Being Active

Only 36 percent of stock-picking managers survived or outperformed their average passive peer over the past 12 months, according to Morningstar data.

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TECHNOLOGY

Fintech-focused VC Firm Vestigo Ventures Closes Funding Round

Vestigo Ventures topped off its fund at $58.9 million, besting its target of $50 million.

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