WealthManagment.com Daily Memo
Wealth Management Daily Memo

MAY 28, 2020

REGULATION AND COMPLIANCE

Ritholtz CEO Josh Brown Knocks PPP Criticism As More Firms Disclose Loans

Ritholtz Wealth Management was one of several firms to disclose they received a Paycheck Protection Program loan to help with expenses amid the coronavirus pandemic, according to Form ADVs submitted to the SEC.

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INDUSTRY

LPL Acquires $2 Billion Seattle IBD

LPL Financial could add 35 advisors and $2 billion in assets through an asset purchase of E.K. Riley.

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ETFS

ETFs with the Greatest Outflows in the Past Month

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

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CORONAVIRUS COVERAGE

ETFS

ESG Funds Shine During Pandemic

"I think what's actually emerging here is ESG has more semblance of being the new quality factor."

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RETIREMENT PLANNING

COVID-19 Infects TDFs

Cookie cutter solutions are less effective in trying times.

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REGULATION AND COMPLIANCE

Atlanta RIA With $3 Billion Takes PPP Loan for COVID-19 Relief

Lakeview Capital Partners, which manages $3.3 billion in client assets, received $581,000 and intends to apply for forgiveness next month, according to a newly updated Form ADV.

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PHILANTHROPY

CARES Act Increases Business Tax Incentives for Charitable Gifts

Changes apply to donations of cash and food inventory.

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