Schwab’s Liz Ann Sonders puts odds of stimulus at slim to none

The company’s CIO didn’t rule out the possibility, but said it looks increasingly unlikely, while speaking at the Schwab Impact conference on Wednesday
The post Schwab’s Liz Ann Sonders puts odds of stimulus at slim to none appeared first on InvestmentNews. …

Advisor Group cuts pricing for wrap fee accounts

Broker-dealers have been competing to lower fees in order to reduce potential conflicts of interest
The post Advisor Group cuts pricing for wrap fee accounts appeared first on InvestmentNews. …

Best practices for financial adviser text messaging

The $100,000 fine the SEC imposed on a wealth management firm related to its employees’ text messages shows the need for caution in this area
The post Best practices for financial adviser text messaging appeared first on InvestmentNews. …

Third-quarter annuity sales higher than in Q2, but below 2019 levels

VA sales drop 10% in Q3, while fixed annuity sales increase 11%
The post Third-quarter annuity sales higher than in Q2, but below 2019 levels appeared first on InvestmentNews. …

Wells Fargo hits lowest level since 2009

Investors are waiting to learn more about CEO Scharf’s strategy amid news of job cuts, sales of business units
The post Wells Fargo hits lowest level since 2009 appeared first on InvestmentNews. …