Economy & Markets
The important economic and stock market news that advisors need to know.
Wells Fargo Makes 'Sizable' Cuts to Advisor Force
By Janet LevauxThe firm's advisor headcount is down 14% from fall 2016, when the fake-accounts scandal broke.
October 14, 2020
Is JPMorgan Buying Waddell & Reed?Rumors are circulating after last week's news about Morgan Stanley buying Eaton Vance.
October 14, 2020
Black, Latino Investors More Bearish Than Whites: FINRABut their interest in investing has increased since the start of the pandemic, FINRA says.
October 14, 2020
Wharton: How Trump Plan to Cut Capital Gains Taxes Would Affect TaxpayersThe Penn Wharton Budget Model calculated the cost of cutting capital gains and dividend taxes on top earners.
October 14, 2020
Here's How Advisors Should Position Portfolios Now: BlackRockBlackRock analyzed 20,000 advisors' investment models and gave three recommendations for repositioning.
October 13, 2020
Americans' Personal Savings Up 10% From 2019: Northwestern MutualSavers worry about what could come next during the pandemic.
October 13, 2020
Fidelity Hiring 4,000 Workers, Including AdvisorsThe firm plans to hire thousands of financial advisors, licensed reps and customer service employees over the next six months.
October 12, 2020
On TikTok, a Psychologist Teaches Gen Z How to Build WealthDr. Brad Klontz tells ThinkAdvisor about his popular outreach efforts and how he got people to save 73% more after a 90-minute intervention.