Morning Memo
Wealth Management Morning Memo

DECEMBER 14, 2019

MUTUAL FUNDS

The Slow Demise of Mutual Funds

Mutual funds are under attack on all fronts. Can they survive?  

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Sixteen Year-End Financial Planning Tips

Deadlines are rapidly approaching.    

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LIBOR Transition to SOFR: Implications for the Senior Loan Market

With no LIBOR replacement yet identified, investors should emphasize flexibility in the rate-conversion provisions of their senior loan documents.

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HIGH NET WORTH

Relocating to Florida for Tax Purposes Explained

Billionaire Carl Icahn recently announced he's making the switch. Should your clients?  

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WEALTHCASTS

Transparency With Diana B.: Advisors and Mental Health

In this episode of the Transparency With Diana B. podcast, Dr. Alden Cass uncovers the surprising reality of what it’s like to be an advisor, what contributes most to their mental health issues and actions you can take to help yourself.

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Optimizing the Client Journey: A New Approach to Technology Strategy

Prioritize service improvements by looking at your business from a client’s perspective.

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ADVISOR CHANNELS

Next Decade Will Bring the Demise of Hundreds of Advisory Firms

But it will also bring the growth of thousands of RIAs, said Pershing’s Mark Tibergien, speaking at the MarketCounsel Summit.

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INDUSTRY

Pershing: Refining Its Model to Take Advantage of 'Market Disruption'

BNY Mellon Pershing execs are sharpening their sales pitch to RIAs in the wake of Schwab's acquisition of TD Ameritrade.

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ETFS

Puff, Puff, Pass: Cannabis ETFs the Worst Performing in the Past 3 Months

Marijuana-focused ETFs posted the worst three-month returns, based on First Bridge data.

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TECHNOLOGY

Fiserv Joint Venture to Fuel Wealth Management Resurgence

The move is meant to accelerate growth, scale and bring greater focus to advisor-centric offerings.  

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BUSINESS PLANNING

Bill Crager on Leading Envestnet Through Grief and Sorrow

Envestnet President Bill Crager got a devastating phone call on Oct. 3 when he learned that Envestnet's co-founder Jud Bergman passed away. Here’s what happened next.

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RETIREMENT PLANNING

Coming Soon: A Mortality Pool in a '40 Act Fund

How to solve the looming longevity crisis? One asset manager believes it has the answer by building a mortality pool inside a '40 Act fund.

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