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A Simple Retirement Income Conversation

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A Simple Retirement Income Conversation JANUARY 27-31, 2020 THE TRUSTED RESOURCE FOR FINANCIAL ADVISERS INVESTMENTNEWS.COM $5.00 / $89 YEAR ADVERTISEMENT Introducing A Simple Retirement Income Conversation. IN012197.indd 1 1/23/20 3:36 PM EMONEY SHAKES UP MERRILL STRIKES TOP INDEPENDENT HERE’S WHY RPAs 4 SALES LEADERSHIP 5 OUT VS. MLB STAR 10 BR0KER-DEALERS 23 NEED RFPs JANUARY 27-31, 2020 THE TRUSTED RESOURCE FOR FINANCIAL ADVISERS INVESTMENTNEWS.COM $5.00 / $89 YEAR ROAD TO NOWHERE? MAPPING THE FUTURE FOR IBDs AFTER A DECADE-LONG MERGER BINGE PAGE 8 TOP 10 HOLDINGS AND WEIGHTINGS OF EACH SECTOR OF THE S&P 500 (AS OF 12/31/19) Apple Johnson & Johnson Berkshire Hathaway B Microsoft Unitedhealth JP Morgan Chase XLK Visa A XLV Merck XLF Bank of America TECHNOLOGY Mastercard A HEALTH CARE Pfizer FINANCIALS Wells Fargo 23.20% Intel 14.20% Abbott Labs 12.95% Citigroup Cisco Systems Medtronic US Bancorp Adobe Bristol-Myers Squibb American Express Salesforce.com Amgen Truist Financial Nvidia AbbVie Goldman Sachs Accenture A Thermo Fisher Scientific CME Group A Facebook A Amazon.com Boeing Alphabet A Home Depot Honeywell Intl XLC Alphabet C XLY McDonald’s XLI Union Pacific COMMUNICATION NetFlix CONSUMER NIKE B INDUSTRIALS United Technologies SERVICES Comcast A DISCRETIONARY Starbucks 9.05% 3M 10.39% Charter Communications A 9.75% Lowe’s General Electric AT&T Booking Holdings Lockheed Martin Activision Blizzard TJX United Parcel Service B Verizon Communications Target Caterpillar Walt Disney General Motors Raytheon Procter & Gamble Exxon Mobil NextEra Energy Coca-Cola Chevron Dominion Energy XLP PepsiCo XLE EOG Resources XLU Southern CONSUMER Walmart ENERGY ConocoPhillips UTILITIES Duke Energy STAPLES Mondelez 4.35% Schlumberger 3.32% American Electric Power 7.20% Costco Wholesale Phillips 66 Exelon Philip Morris Int’l Kinder Morgan Sempra Energy Altria Group Marathon Petroleum Xcel Energy Colgate-Palmolive Valero Energy Consolidated Edison Kimberly-Clark Occidental Petroleum Public Service Enterprise American Tower A Linde Crown Castle Intl Air Products & Chemicals XLRE ProLogis XLB Ecolab REAL ESTATE Equinix MATERIALS Sherwin-Williams 2.93% Simon Property A 2.65% DuPont de Nemours Welltower Dow Public Storage Newmont Goldcorp AvalonBay Communities PPG Industries THE S&P 500 DIVIDED INTO 11 SECTOR ETFS Equity Residential LyondellBasell SBA Communications Corteva Only Sector SPDR ETFs can divide this benchmark index into 11 investable pieces. Allowing you to overweight or underweight An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, di erent sectors to best meet your investment objectives. Sector SPDR ETFs have the diversification of a mutual fund, the call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the prospectus carefully before investing. transparency of an index and the all-day tradability of a stock. The S&P 500, SPDRs®, and Select Sector SPDRs® are registered trademarks of Standard & Poor’s Financial Services LLC. and have been licensed for use. The stocks included in each Select Sector Index were selected by the To learn more about how to use Sector SPDR ETFs as part of your overall investment strategy visit: compilation agent. Their composition and weighting can be expected to di er to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks that is generally sectorspdrs.com/sectorspdr/custom-allocation considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. Investors cannot invest directly in an index. 1-866-SECTOR-ETF The S&P 500 Index figures do not reflect any fees, expenses or taxes. Ordinary brokerage commissions apply. ETFs are considered transparent because their portfolio holdings are disclosed daily. Liquidity is characterized by a high level of trading activity. Select Sector SPDRs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. All ETFs are subject to risk, including possible loss of principal. Funds focusing on a single sector generally experience greater volatility. Diversification does not eliminate the risk of experiencing investment losses. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. IN012193_left.indd 2 1/21/20 1:20 PM TOP 10 HOLDINGS AND WEIGHTINGS OF EACH SECTOR OF THE S&P 500 (AS OF 12/31/19) Apple Johnson & Johnson Berkshire Hathaway B Microsoft Unitedhealth JP Morgan Chase XLK Visa A XLV Merck XLF Bank of America TECHNOLOGY Mastercard A HEALTH CARE Pfizer FINANCIALS Wells Fargo 23.20% Intel 14.20% Abbott Labs 12.95% Citigroup Cisco Systems Medtronic US Bancorp Adobe Bristol-Myers Squibb American Express Salesforce.com Amgen Truist Financial Nvidia AbbVie Goldman Sachs Accenture A Thermo Fisher Scientific CME Group A Facebook A Amazon.com Boeing Alphabet A Home Depot Honeywell Intl XLC Alphabet C XLY McDonald’s XLI Union Pacific COMMUNICATION NetFlix CONSUMER NIKE B INDUSTRIALS United Technologies SERVICES Comcast A DISCRETIONARY Starbucks 9.05% 3M 10.39% Charter Communications A 9.75% Lowe’s General Electric AT&T Booking Holdings Lockheed Martin Activision Blizzard TJX United Parcel Service B Verizon Communications Target Caterpillar Walt Disney General Motors Raytheon Procter & Gamble Exxon Mobil NextEra Energy Coca-Cola Chevron Dominion Energy XLP PepsiCo XLE EOG Resources XLU Southern CONSUMER Walmart ENERGY ConocoPhillips UTILITIES Duke Energy STAPLES Mondelez 4.35% Schlumberger 3.32% American Electric Power 7.20% Costco Wholesale Phillips 66 Exelon Philip Morris Int’l Kinder Morgan Sempra Energy Altria Group Marathon Petroleum Xcel Energy Colgate-Palmolive Valero Energy Consolidated Edison Kimberly-Clark Occidental Petroleum Public Service Enterprise American Tower A Linde Crown Castle Intl Air Products & Chemicals XLRE ProLogis XLB Ecolab REAL ESTATE Equinix MATERIALS Sherwin-Williams 2.93% Simon Property A 2.65% DuPont de Nemours Welltower Dow Public Storage Newmont Goldcorp AvalonBay Communities PPG Industries THE S&P 500 DIVIDED INTO 11 SECTOR ETFS Equity Residential LyondellBasell SBA Communications Corteva Only Sector SPDR ETFs can divide this benchmark index into 11 investable pieces. Allowing you to overweight or underweight An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, di erent sectors to best meet your investment objectives. Sector SPDR ETFs have the diversification of a mutual fund, the call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the prospectus carefully before investing. transparency of an index and the all-day tradability of a stock. The S&P 500, SPDRs®, and Select Sector SPDRs® are registered trademarks of Standard & Poor’s Financial Services LLC. and have been licensed for use. The stocks included in each Select Sector Index were selected by the To learn more about how to use Sector SPDR ETFs as part of your overall investment strategy visit: compilation agent. Their composition and weighting can be expected to di er to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks that is generally sectorspdrs.com/sectorspdr/custom-allocation considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. Investors cannot invest directly in an index. 1-866-SECTOR-ETF The S&P 500 Index figures do not reflect any fees, expenses or taxes. Ordinary brokerage commissions apply. ETFs are considered transparent because their portfolio holdings are disclosed daily. Liquidity is characterized by a high level of trading activity. Select Sector SPDRs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. All ETFs are subject to risk, including possible loss of principal. Funds focusing on a single sector generally experience greater volatility. Diversification does not eliminate the risk of experiencing investment losses. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. IN012193_right.indd 3 1/21/20 1:20 PM TopNews ACCURACY / EXCELLENCE / FAIRNESS / IMPARTIALITY / INDEPENDENCE 5 On Technology IBD 2020 outlook Listen up! Eight takes on what’s Podcasting is gaining 6 Editorial in store for the space. popularity among INSIDE 20 On Retirement Page 10-18 advisers. Page 22 JAN. 27-31, 2020 Cover illustration: Mark Smith EDITOR’S NOTE New look, Ron Carson’s same trust his week marks another Finra victory Tpage in an exciting new chapter at InvestmentNews. After introducing our premi- um resize of the magazine with rings hollow the Jan. 6 issue, we are taking another step forward in this ex- citing year of change and inno- vation. Our brand-new logo and tagline acknowledge our history while signaling our move into the future. Our refreshed design is being rolled out on all platforms. Along with a new look EMoney shakes up sales on the brand, GEORGE B. MORIARTY beneath the surface you’ll find BY MARK SCHOEFF JR. tools that reflect our continuing team, refocuses on core focus on improving our service RON CARSON succeeded in re- to you. Our designers and moving a customer dispute from developers have provided these BY RYAN W. NEAL pursue in 2020,’” Mr. O’Brien said. his record, but the decision by tools to meet our commitment Areas of the adviser fintech market a Finra arbitrator illustrates the to delivering content that is ac- FIDELITY-OWNED FINANCIAL plan- where it could have made sense for problems with expungement, in- cessible in every way you wish to ning vendor eMoney Advisor is kicking eMoney to expand are either saturated vestor attorneys asserted.
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