The financial hit that Ken Fisher is taking is approaching $1 billion.
Charles Schwab’s earnings grew 8% to $0.70 per share in the three months ended September 30, 2019 period, while revenue rose 5% to $2.71 billion.
60% of advisors within five years of retirement do not have formal succession plans.
An environment of low interest rates has set off a search for yield and created stretched valuations in risk assets, according to an IMF report.