Most advisors agree that elections have little impact on markets, but that’s not stopping investors from bracing their portfolios.
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The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.
CEO Larry Fink attributed the healthy performance to growth in private markets, retail active fixed income, and the company’s ETF business.
Sometimes, markets don’t need breathless buzzwords to get excited. Sometimes, “marginally encouraging” will do. Ask Pfizer shareholders.
Firms are offering extra incentives to advisor compensation plans like paid time off for volunteer work, and even free financial planning.
Wells Fargo Advisors is hoping it can cross-sell products to customers in other business lines, specifically banking customers.