Schwab’s Bettinger Comments Candidly on Robos, Scottrade, Breakaways
CEO says standalone robos will “fade away” and that Schwab passed on Scottrade deal because of the online broker’s transaction-heavy revenue mix.
Ameriprise Misses Estimates, Posts DOL-Related Costs: Q3 Earnings
Its reps now have average fees and commissions of $511,000, which is down 1% from last year.
Ian Bremmer: We’re in a Geopolitical Recession; That’s Not the Biggest Problem
The economist tells Schwab Impact attendees that the more serious problem facing the developed world is the de-legitimization of our leaders.
On the Ballot: Key State and Local Tax Proposals
In several states, Election Day will mean more than choosing a president, it will involve voting on initiatives to increase state or local taxes.
Top 20 CEOs of 2016: Harvard Business Review
Every year HBR ranks the top 100 CEOs based on their companies’ performance. ThinkAdvisor focuses on the top 20 CEOs.
Kansas Ends Bad Economic News by Not Reporting It
The Kansas governor canceled a report meant to measure the economic growth results of his likely failed tax cutting strategy.
GMO’s Grantham: ‘Presidential Cycle’ for Investors Is Over
The GMO strategist says that thanks to the Federal Reserve no more big third-year market gains are possible.
Liz Ann Sonders: Risk of Recession Low, but Inflation Picking Up
As for election ramifications, Schwab’s investment strategist says history shows that “when incumbent party wins, the stock market wins.”
At Schwab Impact, First Conversations Focus on Election and Profits
Jon Beatty, Jeff Kleintop and Greg Valliere tell advisors to watch for margin of victory on Nov. 8 along with corporate profits.
Valliere: Zero Chance of Tax Hike if GOP Retain House
A President Clinton would have an “innocuous” effect over all on the markets, though positive for defense stocks; negative on pharma.