Economy & Markets
The important economic and stock market news that advisors need to know.
Schwab Warns of Weaker Q3 Results Due to Low Interest Rates
By Janet LevauxThe firm posted a 21% rise in assets from a year ago in August but warned that low rates would pressure its net revenue.
September 14, 2020
UBS Exploring Merger With Credit SuisseA Swiss finance blog says leaders of the two banks could agree on a merger as early as next year.
September 11, 2020
Taxes Will Go Up No Matter Who Wins in November: Richard Bernstein"We do not have any choice anymore" but to raise taxes, he says.
September 11, 2020
World's Top 20 Biggest Wealth ManagersADV Ratings ranked the firms, including all four wirehouses, by assets under management.
September 11, 2020
NFL Player Josh Bellamy Arrested in $24M PPP Loan ScamThe ex-New York Jets wide receiver received $1.2 million in CARES Act funds as part of the scheme, the DOJ said.
September 10, 2020
Economic Rebound More Fragile With U.S. Aid on BrinkBarring additional stimulus, the U.S. recovery "will be more susceptible to downside risks," said economist Gregory Daco.
September 10, 2020
How Behavioral Finance Can Help Clients and AdvisorsAdvisors using these techniques tend to educate clients about potential volatility and urge them to expect it, according to a recent industry report.
September 10, 2020
How to Talk Politics With Clients Ahead of the ElectionHartford Funds' John Diehl says these chats "can uncover further details on what clients' value ... and ultimately help foster a strong, effective relationship."