Rumors galore today folks—best to stick with your process and realize that no-one really knows anything 5 hours post vote.
— Jamie Cox (@jamesacoxiii) June 24, 2016
Brexit: Stay calm & carry on as the Brits would say. Perspective: The EU, as an economic & monetary union was created a mere 23 years ago.
— Consuelo Mack (@ConsueloMack) June 24, 2016
The Brexit vote creates a near-term “risk off” period for financial markets. But it will take years to see the full effects.
— Bob Doll, Nuveen (@BobDollNuveen) June 24, 2016
Pound at a 31-year low versus the US dollar. Book that tropical London getaway you've been dreaming about.
— Downtown Josh Brown (@ReformedBroker) June 24, 2016
Even more shocking than #Brexit result, are the turnout numbers. 72.2% of registered voters voting? Astounding.
— Jude Boudreaux CFP® (@HJudeBoudreaux) June 24, 2016
Ten things you can do rather than freak out about the Brexit. pic.twitter.com/mfeWmc26ip
— Doctor Daniel Crosby (@danielcrosby) June 24, 2016
Brexit may mean the Fed wont hike in July or September; Now it looks like December could be earliest rate increase . . . #Fed
— Barry Ritholtz (@ritholtz) June 24, 2016
The #Brexit debacle is a reminder to those who can't handle stock market losses - stay diversified and don't put everything in the market!
— Carolyn McClanahan (@CarolynMcC) June 24, 2016
And now I'm supposed to believe that many U.S. financial advisers are now overnight experts in Britain's economy and the EU?
— Bill Winterberg CFP® (@BillWinterberg) June 24, 2016
Looks about right... RT @Enock1Yk: Britain leaving the EU like https://t.co/PoT8Ksg3U8
— MichaelKitces (@MichaelKitces) June 24, 2016
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
