WSJ Wealth Adviser Briefing: Keeping Food Chilled, Paper for Plastic, Eating Out Quickly

It’s been an emotional year for Kathleen Malone’s clients. They’re worried about their families’ health, the economy and the election, says the Charlotte, N.C.-based Wells Fargo adviser, who ranked 74th in this year’s Barron’s Top Women Financial advisers. “But the overriding emotion that I feel from them is they’re very grateful,” she says.

Catching up with Barron’s Advisor by phone, the 38-year industry veteran describes learning about financial advice when she was growing up, and how diversification and asset allocation have mattered so much this year. Malone also details her succession plan.

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.


Pence, Harris Gear Up for V.P. Debate After Trump’s Positive Covid-19 Test: The president’s hospitalization has given fresh importance to Wednesday’s vice presidential face-off.


Commercial-Property Foreclosures Are Poised to Rise as Covid-19 Lingers: More lenders go after malls, hotels and apartment buildings as forbearance periods expire.

Coronavirus Pandemic Hastens the Demise of at-Risk Municipal Money Funds: Vanguard, Federated Hermes and Bank of New York Mellon’s Dreyfus shutter state-focused funds.


The Hot New Real-Estate Investment Is in Keeping Food Chilled: Cold-storage facilities are having a moment as the food supply chain adapts to the pandemic, and investors are taking notice.


From Dow Jones Newswires

Loan quality will be front and center in community banks’ 3Q results, Raymond James says. The firm says investors are trying to get some visibility into how many loans are likely to go bad. The results will also give an insight into Covid-19 stimulus efforts, and whether more aid is needed, Raymond James says. Investors will watch for the effects of an extended period of zero interest rates as well as PPP loans and excess liquidity on net interest margins. Meanwhile, loan growth remains weak, the firm says, with loan balances at smaller banks growing modestly and larger banks declining. “While 2Q20 was noisy for loan growth given the inclusion of PPP volumes and the early impacts of the pandemic just beginning to take hold, 3Q20 has presented a clearer view into the loan growth backdrop for the industry,” Raymond James says. (; @depsebastian)

The shadow of Tiffany will fall on LVMH’s third-quarter sales announcement expected next week, Jefferies says. The results will be the first since the French luxury-goods giant’s proposed acquisition of the U.S. jewelry company collapsed into recriminations and litigation, Jefferies notes, and LVMH’s hard-luxury segment–which includes jewelry–is set to be an underperformer. “Yes, we still think [Tiffany] would look good here,” the U.S. bank says. Jefferies nevertheless expects the segment to do better than in the previous quarter as stores that closed during the pandemic have reopened since, while the beauty and retail divisions will have been hit hard by restrictions on travel and squeezed spending on lifestyle. (


Consumer Brands Seek Ways to Make Paper Mimic Plastic: Consumer-goods companies are increasingly substituting paper for plastic packaging but face a big challenge: how to stop products from going stale or soggy.


Bill Gross, 1990s Dotcom Trailblazer, Is Now Betting on Green Energy: Swapping software for solar, investor sees similarities but also bigger challenges.


Wall Street’s Most Exclusive Club Is Getting Smaller. The Perks Are Getting Better: Goldman Sachs will promote fewer partners this year and give them access to profits from its private investment funds.


Enjoy Your Meal—Quickly. Restaurants Introduce Time Limits: To survive the pandemic, some restaurants are limiting the time diners can spend on meals.


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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