The third quarter isn’t even over yet, but mergers and acquisitions involving registered investment advisory firms are has set a quarterly record.
There were 36 deals so far in the quarter, breaking the previous record of 35 set in the first quarter of this year, according to DeVoe & Co., a consulting firm and investment bank focused on the wealth management space.
Other deals that are in the works that could be announced or signed before the end of the quarter are likely to increase the total to more than 40, the company added.
Below, some of the best analysis and insights from WSJ writers and columnists, the Dow Jones Newswires team, and sometimes more than that, on investing, the wealth management business, and more.
Companies Adjust Revenues for Covid-19 Costs, but Is It Still a One-Time Fee?: Chiefs of finance and investors are trying to figure out how to account for the costs associated with the coronavirus as the pandemic changes the way companies operate in ways that might happen. fixed costs of doing business.
PLANNING & INVESTMENT
Banks Love 2020 Markets, But Markets Don’t Like It: While investors are still disappointed in bank shares, industry executives let’s say that part of the business is booming.
TALK THE MARKET
From Dow Jones Newswires
Societe Generale is considering forming a new retail bank in France by combining its two retail networks in the country, Credit du Nord and Societe Generale, and the move will be positive, said UBS. Mergers can generate cost synergies over the years, he said. “Such a project would be welcome, in our view, especially given the constraints that come from persistently low interest rates,” the Swiss bank said. “In our view, most of the potential cost synergies that could be realized from this merger project are more likely to come from reduced branches and staff than from infrastructure and IT savings, we think.” ([email protected] .com; @ pietrolombard10)
British home building stocks are too cheap to ignore despite near-term uncertainty, said Jefferies, pointing to Persimmon, Barratt Developments and Berkeley Group Holdings as the top sectors. “With construction looking unaffected by the latest Covid measures and the strength of the housing market providing increased comfort on continued demand, we see UK home builders as oversold,” said analyst Glynis Johnson. “News flow about Covid, Brexit, stamp duty and help to buy change is likely to create share price volatility in the near term. Nonetheless, we see the current weakness in stock prices as a good entry point for our top pick.” ([email protected])
BUSINESS & PRACTICE
American Pensioners Have Avoided Stocks at Their Own Risk: Pension funds and endowments have moved away from the US stock market over the years. Some now reconsider that decision.
50 years after Milton Friedman, the company grapples with a wider goal: Milton Friedman’s famous statement that the social responsibility of business is to increase profits has driven companies to maximize short-term profits, helped to dramatically increase in global income inequality, and contributing to global warming.
Companies Conduct ‘War Games’ to Prepare for External Threats: Amid the threat of a trade war, geopolitical uncertainty and the global coronavirus pandemic, such a game is becoming more popular.
TRAVEL & LIFESTYLE
Fashion Week is Actually On – At least in Paris and Milan: Some of the biggest luxury fashion brands are carefully stepping back onto European catwalks, deciding that front row rumors are worth the hassle of entertaining audiences. during the coronavirus pandemic.
– Endowment Forum and Foundation/ Oct 1 / Virtual
– North America ESG Investment Summit/ 13-14 October / Virtual
– Family Office Wealth Conference/ 13-15 October / Virtual
– 2020 NAPFA Fall Conference / 21-23 October / Virtual
– Impact Investment Forum/ 10 November / Virtual
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