WSJ Wealth Adviser Briefing: Tracking Bitcoin, Client Holiday Gifts, The Office Isn’t Going Away

A Barron’s-ranked advisor team — known at UBS as Turnstone Wealth Management — has partnered…

A Barron’s-ranked advisor team — known at UBS as Turnstone Wealth Management — has partnered with EdgeCo to launch NewEdge Wealth, a firm focused on ultrawealthy investors and institutions.

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.

CORONAVIRUS OUTLOOK

Getting Covid Vaccines to People Will Cost States Billions They Don’t Have: Federal government is providing vaccines and some supplies, but states must hire medical workers, set up clinics, provide community outreach.

PLANNING & INVESTING

What Is Bitcoin Worth? There Is Little Consensus in Fragmented Market: Digital currency’s resurgence spurs demand for better tracking tools.

MARKET TALK

From Dow Jones Newswires

Brazil’s economy continued its recovery after bottoming out in mid-April and that improvement should continue in coming months amid some relaxation of social distancing measures, easier credit conditions, recovering commodities prices and firming global growth, according to Alberto Ramos, an economist at Goldman Sachs. Brazil’s central bank said Monday that its real activity indicator, the IBC-Br, rose 0.86% in October, and the figures for September and August were revised upward. The recovery faces some headwinds, though, from the worsening numbers on Covid-19 infections in Brazil, rising consumer prices, high unemployment and the scheduled end of emergency aid payments to poor Brazilians after December, Ramos said. ([email protected])

The 2.1% month-on-month rise in eurozone’s industrial production in October shows the sector holding up well despite the resurgence of Covid-19 in the region, says Bert Colijn, eurozone’s senior economist at ING. However, with tighter restrictions taking effect in some countries, the turn of the year could see manufacturing slowing further or even contracting again, he says. “We don’t expect similar declines as seen during the first lockdown, but the fate of the manufacturing recovery has become a lot more uncertain for the winter months,” Colijn says. ([email protected])

BUSINESS & PRACTICE

How to Make Your Client Holiday Gift Mean Something This Year: Companies, with Covid’s toll on their minds, are devoting their holiday gift budgets to something more thoughtful than that giant tub of popcorn.

IMPACT INVESTING

Investors Turn to SPACs for Clean-Energy Bets: Weary of poor shale returns, investors seek better results from startups focused on battery storage and other emerging technologies.

TALKING POINTS

Why the Office Isn’t Going Away: Remote work is getting a lot of love during the pandemic. But there are reasons to believe it won’t stay that way.

TRAVEL & LIFESTYLE

The Fate of Home Exercise Equipment When Covid-19 Ends: Fitness expert Jillian Michaels believes there is room for both the Peloton at home and at least some gyms.

ABOUT US

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.

We welcome feedback. Please email [email protected] or contact Dwight Oestricher at [email protected]

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source Article