Economy & Markets
The important economic and stock market news that advisors need to know.
Top 15 States With Highest Retirement Income
By Ginger SzalaGoBankingRates took a look at how much money people are really living on in retirement.
April 17, 2019
Morgan Stanley Tops Estimates; Wealth Profits Rise 1%The bank has 15,708 registered reps -- up 26 from a year ago and 14 from the prior quarter -- with an average of $158 million in client assets. Rival Merrill Lynch's advisor headcount is 14,761 — down eight from the
April 17, 2019
Fears of 'Medicare for All' Hit Health StocksInsurers suffered along with the publicly traded hospital companies.
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.