Morning Memo
Wealth Management Morning Memo

OCTOBER 31, 2017

ADVISOR CHANNELS

Questions Abound After Morgan Stanley Leaves Broker Protocol

A ‘seismic’ event for the industry might have broad consequences.

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RETIREMENT PLANNING

Health Care Costs in Retirement

Most people underestimate the amount of money they will need for their health care in retirement. They overestimate how much help they will get from Medicare and Social Security. The compounding impact of health care inflation ensures that health care costs will continue to bedevil Americans facing retirement.

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INDUSTRY

Stifel Acquires Ziegler's Wealth Management Business

The company’s advisory group has approximately $4.8 billion in assets.

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The Daily Brief

Global Wealth Management AUM Set to Double by 2025

As public health improvements mean the world's population lives longer, and assuming worldwide wealth and prosperity continue to develop, certain vocations are set to thrive, and that includes retirement planning and asset management, according to a recent report by PricewaterhouseCoopers. The wealth management sector is set to hit $145.4 trillion in AUM by 2025, up from $84.9 trillion in 2016. ...

Commodities Had a Good Week
Examining the returns of exchange-traded products, commodities popped a full 1 percent in total return for the five days last week. That makes them an outlier during a week when most asset classes fell, according to The Capital Spectator. ...

Kestra Adds White Cap Wealth Management
Kestra Private Wealth Services has announced a deal to acquire White Cap Wealth Management. Provo, Utah-based White Cap boasts approximately $150 million in AUM and specializes in individual investment management, executive stock compensation consultation, and 401(k) design and implementation for plan sponsors. ...

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