Most advisors agree that elections have little impact on markets, but that’s not stopping investors from bracing their portfolios.
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Almost half of all US households’ financial assets are tied to public stocks, a near-record high, according to recent Federal Reserve data.
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.