WealthManagment.com Daily Memo
Wealth Management Daily Memo

APRIL 7, 2020

REGULATION AND COMPLIANCE

SEC Issues Guidance on Reg BI, Form CRS Examinations

The SEC released two risk alerts to help firms prepare for the compliance date of June 30, which has remained unchanged despite the COVID-19 crisis.  

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INDUSTRY

Transitioning in the Midst of a Pandemic

The spread of coronavirus put a kink in Blyth & Associates’ transition to LPL, but the team found that most things could be done virtually.

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ETFS

Immunizing Portfolios with All-in-One Treasury Bond Funds

Two ETFs take different approaches to the yield curve.

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CORONAVIRUS

PEOPLE

Ken Fisher Denies Ties to Trump, Malaria Drug Maker

Fisher says his firm is not among the largest shareholders of French pharmaceutical company Sanofi, as the Times' reports. The company makes up less than 0.8% of Fisher's portfolio.

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REGULATION AND COMPLIANCE

Moving Forward With Reg BI—Communicate Early and Often

COVID-19 caused many firms to put Reg BI compliance on the back burner. Here are three key lessons to help firms get compliant by June 30.

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PHILANTHROPY

CARES Act Sweetens the Pot for Charitable Giving

Here’s what the new legislation could mean for your philanthropic clients.

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Trading Automation vs. Traditional Rebalancing

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REGULATION AND COMPLIANCE

Industry Groups Urge Congress to Restore Financial Advice Deduction

The FPA, IAA, CFP Board and others are asking Congress to reinstate the tax deduction, which was repealed in the 2017 tax law, as well as expand the number of taxpayers who could benefit from it.

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INDUSTRY

M&A Loan Requests Spike

SkyView Partners, which matches RIAs and lenders, has seen a surge in loan requests from firm principals mostly focusing on partial sales.

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