Wells Fargo Advisors has cut minimums to $5,000 from $10,000 on its Intuitive Investor automated platform and also reduced fees.
The company cut its annual advisory fee for the platform from 0.50% to 0.35%, and that can be reduced to 0.30% for clients who also have a premium Wells Fargo checking account.
Launched in 2017, the bank’s automated investing platform comes with access to a financial adviser. After investors' risk tolerance and time horizon have been determined, they are placed in one of nine portfolios managed by the bank’s investment advisory arm and receive monitoring and automated rebalancing.
Crewe Advisors' Ryan Halliday and Accelerated Wealth Partners' Eric Amar suggest mega RIA's readiness to integrate — not just scale — will determine whether an IPO exit actually works.
Morgan Stanley was co-lead underwriter for SPCX, reportedly generating $100 million in investment banking fees.
Frank Bisignano adds oversight of the child savings program as advisors weigh its place in family financial plans.
Inflation delays treatment while insured patients still fight for medication access
Public support grows for policies that spread AI’s financial gains beyond tech companies.
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
