Subscribe

Party’s over, Florida. Advisers see trouble looming in state’s economy

Locked doors in South Beach, Florida

A recession could be coming for the Sunshine State, says a Wells Fargo Securities analyst

Florida, a state chock full of registered reps and financial advisers, may be facing the end of its boom times and staring at the likelihood of a recession.

That call, made last week by Wells Fargo Securities' economics group, comes as no surprise as businesses across the United States lay of mi

Subscribe or log in to read the rest of this content.

Related Topics: ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

Finra dings small Calif. B-D over Reg BI, missing red flags

'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.

B. Riley bouncing back after tough winter

'The wealth managers have been unbelievably supportive through all of this,' said Bryant Riley, the firm's chair and co-CEO.

Finra targets broker over WhatsApp misuse

The use of unmonitored messaging apps by financial advisors has been on the rise in the wake of the Covid-19 pandemic.

Veteran leader Desiree Sii departs Osaic

'Does Osaic really need these redundancies in management,' asked one industry executive.

Cambridge’s new RIA sets floor to make a deal

'The advisor wants to get out of the business at 65 or 70 but clients will live to be around till 90,' says one banker.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print