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Note From the Editor: February 2021

Editor in Chief Susan R. Lipp discusses this month's issue.

Reddit day trader army fattens fortunes of the super-rich

A hunt for heavily-short stocks has delivered millions of dollars to wealthy executives and investors.

Carson Group acquires $200 million firm

Doylestown-based Strategic Wealth Partners is Carson's first foray into Pennsylvania.

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MAI Capital Buys $700M HW Financial Advisors

MAI Capital was one of the most active RIA acquirers in 2020, leading a charge for mid-sized firms.

Advisers ponder systemic risks to markets as GameStop stock spins out of control

A social media platform and ready access to mobile trading apps have helped push an otherwise obscure, money-losing videogame retail business to a $21 billion market cap.

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TD Ameritrade curbs GameStop trades as frenzy snags brokers

The firm said high volume may have curtailed access to its mobile app and urged clients to use its other platforms.

It’s not just GameStop – trading frenzy spreads to many other shorted stocks

Since the GameStop stock options frenzy that quietly began early this month and exploded over the past week, some traders have followed by investing in other shorted stocks, with prices surging far past the returns seen in the indexes that include them.

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Q4 2020 Top Fixed Income Mutual Funds

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Michael Kitces' #FASuccess Podcast: Kristin Harad on the Importance of a Clear and Consistent Marketing Process

Kristin Harad shares her tips on how advisors can find the right target market to focus on when they’re not sure which one to pursue.

Women in ETFs: “With Every Crisis, ETFs Become Stronger”

There was a divergence in demand for ETFs in 2020 between the classic index-based, low cost beta and more thematic, active strategies, according to a panel at the Women in ETFs conference.

Q4 2020 Top Equity Mutual Funds

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Janney scores $473M ex-Morgan Stanley team

The new recruits build on the 43 advisors Janney added last year.

TD Ameritrade Curbs GameStop, AMC Trades as Frenzy Snags Brokers

The firm said high volume may have curtailed access to its mobile app and urged clients to use its other platforms.

Delaying RMDs would have minimal tax impact, study finds

TIAA Institute research paper finds that even eliminating RMDs would have little effect on government revenues and says the effect on retirees depends on whether they have a bequest motive.

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Labor rule on ESG already trimming fund options for retirement plans

Some retirement plan advisers have cut green investing options from 401(k) plans following Trump's last-minute rule change.

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How Biden's Tax Agenda Could Impact Charitable Donations

With the Democrats controlling the House, Senate and presidency, there’s the real possibility that donors will have a lot less disposable income to give away.

SECURE Act may boost annuities. Are advisors ready?

Three provisions in the far-reaching law “make it likely that annuities will become more prevalent in company plans,” one expert says.

Biden may have to move quickly to reverse anti-ESG rule

Some advisory firms have already started narrowing their lists of funds considered eligible for retirement plans based on Trump’s decision to overhaul ERISA.

AQR cuts 60/40 outlook again with ‘depressed’ returns everywhere

The quant manager has been warning for years that investor objectives are going to be increasingly hard to meet amid “soberingly low” gains.

Fidelity launches ESG friendly tool for advisers

Fidelity's new technology is designed to help advisers create ESG model portfolios and engage clients with impact investing.

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