Morgan Stanley will acquire E-Trade’s $360 billion in assets and 5.2 million customers as part of the merger, which Morgan Stanley can then turn around and use to start making loans. E-Trade has a popular online platform that helps businesses manage their employee stock plans, which will be merged into Morgan Stanley’s existing platform as well.
Even just talk of a possible recession can trigger anxiety for anyone who associates it with the major economic downturn of a dozen years ago. Recessions — and their severity — are out of your control, your own financial situation doesn’t have to be.
One of the potential disruptors of the generally positive economic news surfaced in the form of a viral outbreak in China last week. Known as the coronavirus, as of this morning, there were nearly 2,800 cases in mainland China (mostly in the Wuhan area) and 80 deaths, for a mortality rate of about 3 percent.
Having a CRM will help keep your business running smoother and more successfully, all while saving you and your clients time and money. The author explains all the ways a good CRM makes the advisor’s life a lot easier to manage and be successful.
Fourth-quarter earnings season kicked off last week with 24 S&P 500 Index companies reporting fourth quarter results. The market’s reception to the first batch of results was mostly positive, particularly for several of the big banks.
A survey by the Insured Retirement Institute (IRI) finds that millennials’ expectations are not well aligned with the retirement planning steps they have taken thus far. Although nearly eight in ten millennials say that they have saved some money for retirement, nearly half – 46 percent – have saved less than $10,000.
Advisors want to have the freedom and flexibility to provide the best possible client experience as true fiduciaries and differentiate themselves in order to compete for more wallet share. With overall wealth increasing in the U.S., there will be continued demand for the services that independent advisors deliver.