“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.
Bank Investment Consultant is the dedicated resource for bank-based financial advisors and wealth managers.
A combination of GLD’s higher fees and an almost relentless demand for the yellow metal have catapulted it from fourth on the revenue leader board in 2017.August 3
Amid coronavirus-imposed lockdowns, the firm will retool and retrain approximately 3,000 young advisors.July 31
Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.July 31
Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.July 30
Economists say that a V-shaped recovery is unlikely.July 30
The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.July 29
Data & Research
The COVID-19 pandemic has infected the service’s annual list of top tax scams.
At home or under a socially distanced beach umbrella, these diverse titles will help while away this singular season.
Investors may be put off by the costs associated with these funds, which had an average expense ratio of more than triple their peers.