“20 years of subdued inflation, low interest rates, a reduced cost of capital and financial leverage have given way to a new regime," says economist.
For years, conventional wisdom has suggested that artificial intelligence and robo-advisers would replace a significant number of financial advisers.
Kristi Berge, a 48-year-old investment advisor from Edina, Minnesota, has been sentenced to two-and-a-half years in federal prison for embezzling.
Executives from the country’s biggest banks sounded optimistic Tuesday as they assessed the impact of a new Trump administration.