Wealth Management Daily Memo

MARCH 24, 2020

INDUSTRY

Raymond James Defers In-Person Advisor Recruiting

WealthManagement.com Staff

The advisory firm puts "on hold" face-to-face advisor recruiting meetings, sees net assets fall as cash sweeps surge amid coronavirus pandemic.

ESTATE PLANNING

New York Allows Video Notarization for Estate Planning

Brian K. Janowsky and Stephen Liss

As social distancing becomes the norm, new solutions are being made available.

SPONSORED CONTENT

Advisors Remain Focused on Client Relationships

Sponsored by Raymond James

Building personal connections is a key component of most advisors' activities.

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INDUSTRY

JPMorgan Plans Firm-Wide Hiring Freeze Amid Virus Uncertainty

Michelle F. Davis

The bank asked managers in businesses including the corporate and investment bank, the consumer unit, and the asset- and wealth-management group to review job postings and pull listings for roles that don’t need to be filled immediately

CORONAVIRUS COVERAGE

REGULATION AND COMPLIANCE

Avoiding Compliance Pitfalls During the Coronavirus Pandemic

Patrick Donachie

The new way of working could expose advisory firms to regulatory infractions they have not even considered.

EQUITIES

Want to Stabilize Markets? Give Cash to Small Businesses

Jeff Schulze

Due to the economic shutdown, jobless claims could soar to 2 million-plus. A way to offset the pain? Quick cash payments to small businesses, says ClearBridge's Jeff Schulze.

REGULATION AND COMPLIANCE

SEC Extends Comment Period On Proposed Accredited Investor Rule

Diana Britton

April 24 is the new deadline to submit comment letters on several pending rules, including the agency's proposal to expand the accredited investor definition.

SPONSORED CONTENT

Seven Relationship Skills That Will Impress High-Net-Worth Investors

Sponsored by Orion Portfolio Solutions

Attract, serve, and retain HNW investors with these seven tips.

RETIREMENT PLANNING

DPL Offers Free Access For New Fee-Only Advisors

Samuel Steinberger

Market drops are whetting advisors' and investors' appetites for annuities and related insurance products.

INDUSTRY

Wealth Manager Taps Medical Experts to Add to Client Advice

Suzanne Woolley

Cresset Capital Management's Avy Stein spends time talking with disease experts to bring clients investment advice that is fully informed by pandemic realities.