Few advisers could have foreseen a year like 2020, with a highly deadly pandemic emptying workplaces from coast to coast, turning the markets upside down (and back again), and battering the economy. And that’s not to mention this year’s widespread social protests and intense political polarization.

But if 2020 has brought unique problems, it has also set the stage for proactive advisers to really grow, says Jud Mackrill, chief marketing officer at Carson Group, an RIA with $12 billion AUM based in Omaha, Neb. “I see a very clear opportunity for advisers to seize this moment,” he says. “This is a time for advisers to mature the marketing side of their business to really tackle the challenge of growth in this season of uncertainty.”

Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.


Trump Tax-Return Report Fuels Democrats’ Drive to Tax the Rich: President Trump’s apparently minuscule tax payments are pumping new energy into Democrats’ plans to raise taxes on rich people and beef up the Internal Revenue Service.


CDC Extends Cruising Ban to Oct. 31: The Centers for Disease Control and Prevention extended its ban on cruise sailings in the U.S. by a month, to Oct. 31, matching the industry’s plans to restart a business that has been largely suspended by the coronavirus pandemic.


Soaring Biomedical IPOs Raise Questions About Money Left on the Table: Soaring initial public offerings for many biomedical startups are injecting cash into these companies as they seek cures for Covid-19, cancer and other diseases. But as the frenzy builds, questions are arising about whether startups are wringing maximum value from these offerings.


From Dow Jones Newswires

Julius Baer sees a multiple of alternatives that can replace traditional safe-haven assets, such as core government bonds. Chinese sovereign bonds represent an alternative as “government bond yields in China are attractive compared with their European and U.S. counterparts,” says Magdalene Teo, head of fixed income research for Singapore at Julius Baer. Andreas Feller, head of German-speaking Switzerland at Julius Baer, says that “investors who are looking for a safe haven are in good hands with Swiss assets due to the quality of the companies and the strength of the currency.” Julius Baer also sees non-directional strategies and capital-protected solutions as alternative safe havens. ([email protected])

Anheuser-Busch InBev’s growth outlook in key profit pools such as the U.S., Brazil, Mexico and China is starting to move in the right direction, but margin pressures will persist and fresh coronavirus restrictions could slow a recovery, Jefferies says. The world’s largest brewer –which houses brands such as Budweiser, Stella Artois and Corona– is expected to report flat third-quarter volumes in North America, a 6% volume increase in South America and a 2% rise in Asia Pacific with growth in China partly offset by weakness in South Korea and India, Jefferies says. Beyond the pandemic, there will likely be an impact on consumer disposable income, which could weigh on the growth prospects of the Belgium-based company, Jefferies says. ([email protected])


As Pandemic Boosts Suburban-Home Demand, Startup Sells a New Ownership Model: Pacaso, a venture between two Zillow Group alumni, is using a vacation model to sell ownership in weekend homes. Similar to a traditional timeshare, Pacaso will give buyers the right to use the house a certain number of weeks a year.


Investors Have a Local Route into China’s Hydrogen Plans: Beijing has committed an extra $2.5 billion to hydrogen power, a boon to Chinese engine maker Weichai and its Western partners Ballard and Ceres.


West Coast Wildfires Devastate Heart of California’s Wine Industry: Vintners and farmworkers are affected by blazes and smoke damage that could cost Napa Valley vineyards half of their red-wine crop.


Why Maine Is the Perfect Road-Trip Destination for Fall: Lobsters, treasure hunts and really low Covid-19 numbers. This 3-day getaway up the coast of southern Maine is the ideal antidote to cabin fever.


– ESG Investment North America Summit/ Oct. 13-14/ Virtual

– The Family Office Wealth Conference/ Oct. 13-15/ Virtual

– 2020 NAPFA Fall Conference / Oct. 21-23/ Virtual

– Impact Investing Forum/ Nov. 10/ Virtual


The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron’s, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery.

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