July 14, 2020
Wells Fargo CEO on 2Q Earnings: ‘We Are Extremely Disappointed’
The net income of Wells Fargo's wealth and investment management business slumped 70% year-over-year.
JPMorgan Asset and Wealth Mgmt AUM Up 15% YoY
Net income in the business, however, inched down from the previous quarter and year-over-year due to soaring provisions for credit losses.
Merrill, Ex-Broker Face Probe Over $200M Alleged Losses
Sources tell CNBC the New Hampshire Bureau of Securities Regulation has reached out to the wirehouse with client complaints and settlement talks are already underway.
Name-Dropping Taylor Swift, Bill Gates Gets This Ex-LPL Broker Barred
Dain Stokes allegedly raised at least $576,000 for a bogus charity, in part by claiming connection to the pop star and the Microsoft co-founder.
Lessons for FAs from Past Investor Behavior During a Crisis
Survey findings show advisors could do a better job providing more clarity on their advisory and investment plans.
VideoHow 'Sophisticated Planning' is an RIA Differentiator
Most U.S. Investors Want More Help from FAs in Wake of Covid-19
And despite concerns about another market drop, most investors see opportunity in volatility.
Non-Traditional Work Past the Age of 62 May Help Retirement Security
A recent report concludes that non-traditional work arrangements, such as independent contracting, may close retirement security gap better than traditional jobs.