Wealth Management Daily Memo

JANUARY 20, 2021

REGULATION AND COMPLIANCE

Trump Pardons Attorney Sentenced For Obstructing Ponzi Scheme Probe

Patrick Donachie

The pardon of David Tamman was one of more than 140 pardons and commutations the outgoing president announced shortly before the end of his tenure and Joe Biden's inauguration.

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ADVISOR CHANNELS

Commonwealth Launches Enhanced Support Offering for Breakaways

Diana Britton

Commonwealth’s new Business Consulting Services will provide dedicated transition support for advisors leaving the wirehouses to go independent.

SPONSORED CONTENT

HiddenLevers Passes COVID Stress Test

Sponsored by HiddenLevers

Focusing on volatility won’t prepare clients for the future.

ADVISOR CHANNELS

Former Magnus Team Creates New RIA Model Leading With Practice Management

Diana Britton

Advisors Michael Brown and Brian Flynn have left Magnus and teamed up with practice management coach Penny Phillips to create Journey Strategic Wealth, a new spin on the aggregator model.

REGULATION AND COMPLIANCE

SEC: Father and Son Duo Misled Investors

Patrick Donachie

The charges against Michael and David Sztrom were filed late last week and are one of two complaints against advisors related to a Calif.-based RIA.

EXCLUSIVE RESEARCH

Closing the Gap Between Recommendation and Action

Sponsored by Transamerica

A substantial number of clients wait five to 10 years to act on advisor recommendations, potentially hurting their long-term investment goals.

CAREERS

Ikigai: The Power of Purpose

Walter Booker

There's a difference between the things that are important in your life and your life’s work.

BUSINESS PLANNING

How Small-Town Advisory Firms Can Attract Big-City Talent

Margaret Dechant

Firms in cities like Wichita and others can’t compete on salary, but they do offer other incentives.

SPONSORED WEBINAR

ETF Model Portfolios & Thematic Equity

Sponsored by Global X ETFs

In this webinar on Jan. 26, we’ll provide our insights and expectations for the year ahead while discussing how ETF model portfolios can help you to potentially expand your business in an environment that is constantly evolving.