The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Comerica to Exit Mortgage Banker Finance Business by End of Year

Comerica Inc. said it plans to exit the mortgage banker finance business, a move intended to smooth seasonality in its loan portfolio.

Private Equity Firms Have $1.5 Trillion to Spend, But Are Struggling to Seal Deals

Private equity firms hunting for acquisitions with their $1.5 trillion of unspent capital are struggling to seal deals as they hit roadblocks.

Morgan Stanley’s Investment Chief Called 2022’s Bear Market

Morgan Stanley’s investment chief says stocks are still hibernating—he sees a 14% drop ahead.

Wells Fargo’s Mayo Says It’s Time to End Detour in Bank Stocks

The “detour” is finally over for investors in bank stocks, said Wells Fargo & Co.’s Mike Mayo, after the group notched four-straight weeks of gains.

Odey Shuts Its Swan Fund, Gates Redemptions on Multiple Vehicles

Odey Asset Management is shutting its Swan fund and gating two other funds after redemption requests surged.