Trump Issues Dodd-Frank Executive Order
It directs Treasury Secretary Mnuchin to review Orderly Liquidation Authority, Financial Stability Oversight Council
U.S. Stocks Should ‘Terrify’ Janet Yellen: Billionaire Investor
Paul Tudor Jones says U.S. market cap to GDP ratio highest since '00; stocks could rise higher after French election.
Helping Clients Be Charitable Is Good for Advisors’ Business: Foundation Source
A Foundation Source survey suggests that wealth managers need to be proactive with clients about philanthropic conversations.
Wells Fargo CEO Says Ousting Majority of Board Would Be ‘Crazy’
Board grasps bank’s problems, Wells Fargo’s Tim Sloan says, and gutting panel would be “absolutely irresponsible.”
Focus Financial to Sell Big Stakes to KKR, Stone Point
The RIA aggregator says it now has some 45 partner firms and is valued at $2 billion.
Raymond James’ Semi-Indie Channel Grabs $700M Team From Wells Fargo
A team of four advisors leaves Wells’ Profit-Formula Group to join Advisor Select in Huntsville, Alabama.
BofA Profit Jumps in Q1 as Wealth Unit’s Asset Flows Top $29B
The number of advisors in the Thundering Herd, though, falls below 14,500 as more reps retire.
GOP Proposes to End Big Tax Break for Democratic States
Republicans want to end state and local income tax deduction from federal taxes. New York, California and New Jersey taxpayers would be hit hard.
Most Americans Say Tax System Is Unfair: Pew Research
But at the same time, the majority say their personal tax burdens are not.
Bill Gross: Can Trump Give Us 3% Growth?
We have more technology but also low investment levels and growing global tensions, which make “dreaming of a bygone era” complicated, Janus’ Gross says.