Wealth Manager Stocks Sink as Altruist Releases AI Tax Tool

News February 10, 2026 at 03:33 PM
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What You Need To Know

  • Schwab, Raymond James and LPL all had their worst showings since April, falling more than 7%.
  • The new tool helps financial advisors personalize strategies for clients and create pay stubs, account statements and other documents.
  • Fear of AI-powered applications threatening traditional business models is hitting various corners of the stock market.

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