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.

Debt Ceiling Showdown Risks Triggering ‘Self-Inflicted’ Recession

U.S. government is on collision course for a potentially catastrophic default on its financial obligation if Congress fails to raise the debt ceiling.

Robinhood Announces Plans to Launch 24-Hour Trading With Names Like Apple, Tesla

Robinhood (HOOD) announced Wednesday that next Monday, May 16, the company will begin allowing users to trade 24 hours a day.

Jamie Dimon Says US Needs to 'Finish' the Bank Crisis

Dimon said time for regulators to help put an end to turmoil in banking industry. He’s already predicting policymakers take way the wrong lessons.

Deposit Outflows After SVB Collapse Concentrated Among 'Super-Regionals' - New York Fed Study

Deposit withdrawals from U.S. banks following collapse of SVB were concentrated in around 30 "super-regional" institutions in $50B to $250B range.

Attempted Robbery of Financial Adviser’s Office Ends in Hostage Situation, Arrest

Eustis police arrested man after he allegedly tried rob a financial adviser’s office and upon finding out there was no money held its workers hostage.