Monday morning briefing – November 25, 2019

Could charities suffer from higher taxes for the wealthy? OSC introduces new recommendations to reduce regulatory burden. Some important points to know from Congress’ PE hearings. And much more in this week’s briefing.

Economic/industry news

The Canadian inflation rate was 1.9% in October: Canadian inflation holds steady at 1.9% in October, remains on target

Capturing your clients’ attention with a story: How storytelling bolsters financial plans & client relationships

Why alternative investments could benefit a portfolio in current market conditions: Fitting alternatives into a 60-40 portfolio

Global ETF assets continue to soar: Global ETF assets surpass $6T

A look at Morningstar’s sustainability ratings: Understanding Morningstar’s new sustainability ratings

Why private investments can help DC plans: DC plans need private investments, Neuberger Berman says

News and notes (U.S.)

Hedge funds experienced outflows in September: Hedge fund redemption trend extends to four months in September

Helping hedge funds with their cold-calling efforts: for hedge funds or low-rent telemarketing service? Cold-calling firm Murano Connect has many fans, but just as many detractors.

Hedge funds preparing for a trade deal: Hedge funds are buying stocks exposed to US-China trade on hopes for a deal

Louis Bacon to close hedge funds: Billionaire Louis Bacon is closing legendary hedge fund to clients

Some important points to know from Congress’ PE hearings: 4 key takeaways from Congress’ private equity hearing

Two Sigma raises US$1.2 billion for first PE fund: Two sigma is getting into private equity

A brokerage powerhouse could be in the works: Charles Schwab in talks to buy TD Ameritrade, create brokerage giant: report

Still some concern from SEC on non-transparent ETFs: Fresh concerns raised on novel ETF structure

News and notes (Canada)

Evolve launches new ETF: Evolve launches high interest savings account ETF

iA Clarington launches new segregated funds: iA Financial expands seg fund lineup

The Financial Planning Association of Canada was launched: New association aims to elevate financial planning

OSC introduces new recommendations to reduce regulatory burden: OSC says firms will save millions in compliance costs

Capital growth being driven by real estate: Outside housing, Canadian capital growth is near a 60-year low

On the pulse – New frontiers in fintech

Fintech trends to watch for in 2020: Top fintech trends entrepreneurs must watch in 2020

Fintech needs principles-based regulation: Fintech regulation needs more principles, not more rules

The five trends you need to know for digital banking transformation: Top 5 digital banking transformation trends shaping 2020

A look at regtech’s impact on compliance: How regtech is transforming compliance

Making the most of customer analytics: How to maximise insight from your customer analytics

Teaching the ethics of AI: Scotiabank to train execs on AI ethics

PayPal purchases Honey Science Corporation: PayPal to acquire shopping and rewards platform Honey for $4B

Essential Portfolios lowers its minimum investment: TD Ameritrade lowers minimum for robo-advisor accounts

What’s in store for digital currencies: The high stakes of the coming digital currency war

Fidelity gets licence for its virtual currency business: Fidelity granted licence to operate virtual currency business in New York state

High-net-worth topics

A look at key-person insurance: How to protect your business from upheaval if the owner suddenly dies

Could charities suffer from higher taxes for the wealthy?: Tax the wealthy and their charities will suffer

The wealthy are looking for a secure location to store their precious metals: World’s rich are rattled and looking for old-fashioned security

Polls & surveys – What financials are saying

Millennials have a better understanding of fixed income’s role in a portfolio (BNY Mellon): Millennials understand fixed income better than do older investors: survey

Canadians’ concerned about the stock market, economy (IG Wealth Management): Canadians’ financial confidence dims: IG survey

Many Canadians are worried about outliving their retirement savings (Sun Life): 72% say retirement isn’t what they expected

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