Economy & Markets
The important economic and stock market news that advisors need to know.
Gen Z, Millennials More Worried About Their Portfolios Than Their Health During COVID-19 Crisis: Survey
By Michael S. Fischer"To watch a nest egg's value reduce drastically in almost the blink of an eye is enough to shake up anyone," E-Trade's Mike Loewengart said.
May 07, 2020
Ameriprise Tops Q1 Estimates as Wealth Unit Sees 'Strong Client Activity'It has some 9,878 independent and employee advisors, up 7 from the prior quarter.
May 07, 2020
Kitces: Pandemic to Accelerate Shift to AUM-Based Fee ModelCOVID-19 is "making the future get here faster than anyone expected," he says.
May 07, 2020
Treasury, IRS Extend PPP Loan Grace PeriodThe safe harbor repayment date with respect to earlier "economic certifications" made by borrowers has been extended by a week.
May 07, 2020
UBS Postpones Advisor Comp ChangesMeanwhile, its advisor headcount in the Americas is down 294 from last year and 44 from the prior quarter.
May 06, 2020
BlackRock's Fink Delivers Grim Outlook With Tax Hikes for Corporate AmericaFink says bankers have told him they expect a cascade of bankruptcies to hit the American economy.
May 06, 2020
PPP Loan Distribution Doesn't Reflect Need: New York FedResearchers found a surprising explanation for the disparity.
May 06, 2020
What's Next for Equity Markets?Despite the recovery from the market's March lows, investors should remain cautious.