Economy & Markets
The important economic and stock market news that advisors need to know.
Fund Managers Are Positioned for Secular Stagnation: Merrill
By Michael S. FischerSeven in 10 investors in the fund manager survey said they don't expect a global recession until the second half of 2020 or beyond.
April 16, 2019
BofA Wealth Unit Boosts Profits 14%; No Plans to Sell Retirement-Plan OpsSome 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.
April 16, 2019
Tax Reform Ruined Roth IRA Conversions, but Hope ExistsThe recharacterization door has closed, but a huge window to do Roth conversions while minimizing taxes has opened.
April 15, 2019
Schwab Beats Estimates as Flows Slow in Advisor Services: Q1 EarningsThe brokerage firm released first-quarter earnings less than three weeks after announcing a new subscription model for some services.
April 15, 2019
Where Harry Markowitz, Father of Modern Portfolio Theory, Is Invested NowThe 91-year-old Nobel winner also told ThinkAdvisor that AI should stand for "artificial idiocy."
April 15, 2019
ProcureAM's Space ETF (UFO) Takes Off: Portfolio ProductsAlso, First Ascent Asset Management launched factor-based portfolios to be offered for a low, flat annual fee.
April 11, 2019
Will Wells Fargo, JPMorgan Hit or Miss With Q1 Earnings?The large banks and other sectors are facing headwinds when it comes to beating prior results, analysts say.
April 11, 2019
How Wishful Thinking Can Hurt RetirementTwo economists examine how wishful thinking can lead to reduced saving and can generate asset bubbles.