Trader Talk

Jason Gorevic, CEO, Teladoc Scott Mlyn | CNBC Earnings reports are coming in fast and furiously, and with a large percentage of companies declining to provide guidance, reporters and analysts are combing through corporate press releases and earnings calls for signs of how business is doing.  Semiconductors continue to be the all-round winner Equipment maker

Should financial advisors make TikTok part of their digital marketing strategy? The video sharing app has enormous potential for advisors hoping to connect with next-generation investors, digital marketing experts say. Not only that, TikTok’s algorithm makes it easier for an interested audience to find advisors’ content than other social networks, digital marketing experts say. “The

Fidelity Investments is the latest brokerage firm to embrace a subscription fee pricing model for digital advice. The cost? Cheaper than a Netflix subscription. Fidelity’s move could help the firm attract more young investors — and it represents another step in industry’s shift away from the AUM-based fee model. For clients with $10,000 to $50,000

The stock market is holding up well because it believes three things are happening: A vaccine is coming, there will be almost infinite stimulus from the Federal Reserve, and the second quarter was the worst for corporate profits and those profits will slowly improve. But there’s a subtext to much of the belief in higher

It was all in the families as Ameriprise snapped up two father and son duos — a team of advisors that had managed $367 million in client assets at Morgan Stanley, according to a statement by the firm. The Falldin-Mattson Group is made up of John Falldin and his son Joe Falldin, and Jim Mattson

At the moment when so many industries are staggered by the coronavirus pandemic, investors are beating the market by putting their money in companies committed to ESG priorities favoring transparency, diversity and sustainability. ESG is where profits are, signaling that doing the right thing increasingly is the smartest bet. The iShares ETF investing in companies

A customer leaves a Sherwin-Williams Co. store Daniel Acker | Bloomberg | Getty Images With one-third of the S&P 500 reporting, there’s a battle shaping up between two stories. One is somewhat bearish: The reopening is slowing, and the second half will not see the V-shaped recovery anticipated at the height of reopening euphoria in

How do advisors help clients plan for college when its value is unclear during the coronavirus-era of virtualized learning? “We have a lot of parents who haven’t decided whether or not to send their kids to college this fall, which is crazy, since school starts in, what, a month?” says advisor Ann Alsina of CovingtonAlsina

A heavy-hitting former UBS advisor has joined an independent firm founded by several of his former colleagues, who defected from the same wirehouse several years ago. Steven Mitchell, who oversaw $2 billion at UBS, joined Procyon Partners in New York, according to the firm. It was founded by ex-UBS advisors in conjunction with Dynasty Financial

The 20 bond funds with the biggest 10-year net flows are home to nearly $1.3 trillion in assets, Morningstar Data show. Over that period, these funds raked in a combined $601.3 billion in net assets and bested the broader bond market with an average gain of more than 3.9%. The edges past the iShares Core

With coronavirus, skyrocketing unemployment, vacillating markets and interest rates near all-time lows, the last few months have been uniquely rough on clients. True, those negatives have been partially offset by swift action on the government’s part in passing pieces of major legislation to aid Americans affected by COVID-19, chief among them the CARES Act. But

Disability inclusion is shaping up to be the next frontier of ESG investing. Investors are pushing companies to create more welcoming workplaces for employees with disabilities, whether they use a wheelchair or have a mental illness. Twenty-two institutions managing $2.8 trillion of assets urged corporations in late May to review their policies and set hiring

A proposal by U.S. regulators to change hedge-fund reporting requirements will make it harder to detect crowded trades, according to Goldman Sachs. The SEC wants to boost to $3.5 billion from $100 million the required amount in equity holdings traded on U.S. exchanges before a hedge fund needs to file a 13F form. The agency

Stifel has signed on four ex-Wells Fargo advisors who managed a combined $445 million in client assets at their old firm, according to a statement by the company. The team of Person Wright Financial Group, which makes up three of the four new recruits, includes Jesse Wright, Bryan Person and his son, Alex Person. They

Peter Huminski, founder of Thorium Wealth Management, first downloaded TikTok to watch videos sent by his oldest child, who will be a college freshman this fall. After starting with “cute cats and people doing silly things,” TikTok’s algorithm was soon recommending videos aligning with Huminksi’s professional life as a financial advisor: real estate, insurance strategies,

The year 2020 has certainly been an interesting one so far. (I can think of plenty of other adjectives that would be even more fitting.) And just when I start to think that maybe the second half of this year will be a little less eventful, I remember we have an election coming up. I’m

How is the recent surge in coronavirus cases nationwide impacting advisors’ plans for their future workspaces? “It’s going to flip everything on its head,” says XY Planning Network advisor and MYRA Wealth founder Sahil Vakil. “It will be, ‘Work remotely and meet in-person when needed.’ ” What that looks like is dependent upon firms as

The economic stress from the coronavirus is making its impact felt on M&A transactions and company earnings. Recruiting is another matter, though. With more than 500 advisors and $30 billion in client assets in motion under the year’s announced recruiting moves in the independent channel this year, a brief pause in activity in March has

Many CEOs at U.S. companies are paid too much — and investors aren’t holding corporate boards accountable, a senior official at the country’s largest public pension fund said. The too-generous compensation happens despite talk that executive pay is linked to performance, said Simiso Nzima, head of corporate governance at the $389-billion California Public Employees’ Retirement

UBS will cease offering wealth management services through its private bank in the U.S., and shift clients and staff to other, larger wealth management units. In a memo last month, UBS executives explained the move to employees as an effort to simplify operations. The firm, which has $2.8 trillion in assets in its global wealth

The Department of Labor’s proposed regulatory guidance that would restrict the use of ESG funds in retirement plans is not sitting well with global financial services firm Morningstar. “Simply stated, the department’s proposed rule is out of step with the best practices asset managers and financial advisors use to integrate ESG considerations into their investment

UBS must pay more than $10 million to resolve charges that it engaged in a so-called flipping scheme, improperly allocating bonds meant for retail customers to “flippers” who then immediately resold the bonds to other broker-dealers at a profit. The SEC alleges that UBS registered representatives were involved with “flipping” and they knew or should

An industry that once flirted with double-digit gains has been one of the hardest hit by the coronavirus pandemic. By some estimates, overall global real estate investments have dropped by a third in the first half of this year. After delivering an average loss of more than 15% in the first six months of 2020,

People walk past a TD Bank in Brooklyn, New York. Drew Angerer | Getty Images Earnings keep coming in, and while some high-profile companies are continuing to refuse providing guidance, many are making very interesting comments about the state of their industries. Here’s a few: Stock trading really strong. A solid report from TD Ameritrade.

After an initial slowdown when the coronavirus outbreak began in the U.S., advisor recruiting has bounced back — and then some. A combination of work-from-home policies and Zoom meetings has made it easier for advisors to take that introduction call and “kick the tires” of a prospective new firm from the comfort of their kitchen

Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019. Fabrice Coffrini | AFP | Getty Images With

Millions of Americans who bought insurance to help them pay for nursing or home-health care are now facing a tough call: Leave benefits they’ve paid for over the years untouched, or face increased risk of contracting COVID-19. Credit Suisse, in a note to clients in June, predicts more lapsed policies and fewer claims as a

UBS Chief Executive Officer Sergio Ermotti is looking at more share buybacks as a way to reward investors while keeping flexibility during the economic uncertainty caused by the coronavirus pandemic. The Swiss bank signaled the worst hit of the crisis on its balance sheet may already be over, raising the prospect that shareholder payouts will

Over the last three months, home mortgage rates have managed to achieve five (!) all-time lows. Currently, Freddie Mac, which buys mortgages from banks, reports an average 3.13% rate on 30-year fixed-rate mortgages, and there is a chance that we could see rates below 3% between now and the end of August. You should consider

Carlyle Group co-CEO Glenn Youngkin is stepping down after less than three years at the helm, handing sole control of the private equity giant to Kewsong Lee in the midst of the coronavirus pandemic. Youngkin, 53, who joined Carlyle in his 20s and was long groomed by its founders, decided to give up his post