The sale of Wells Fargo’s asset management unit is expected to have a “small, immaterial” impact on the bank’s bottom line, according to its chief financial officer.
The firm’s sports and entertainment unit has also begun reaching out to pros in the world of eSports, says Sandra Richards, head of the firm’s global sports and entertainment unit.
The alphabet soup of individual retirement account plans can make clients’ heads spin. Advisors can help match them to the right account to suit their needs.
Fusion Family Wealth’s CEO says investors’ pandemic-related fears have driven emotional responses to financial markets to levels he had not seen in his three decades in the advisory industry.
More rely on their own knowledge or that of their spouse/partner than the advice of financial professionals, according to research from Hearts & Wallets.
Face-to-face meetings occur rarely, WebEx engagement has gone up fivefold and the wirehouse will have “little to no reliance” on trainee cold calling, according to a senior executive.