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.

Merrill Lynch Settles Class-Action Lawsuit of $19.95 Million

Merrill Lynch committed to a settlement of $19.95M to conclude a class-action lawsuit accusing the company of widespread discriminatory practices.

Musk, Morgan Stanley ‘Hid’ Twitter Stock Purchases, Lawsuit Says

Elon Musk, who secretly acquired a major stake in Twitter Inc. before eventually buying it, allegedly did so with the help of a Morgan Stanley banker.

Dimon Says ‘Could Be Hell to Pay’ If Private Credit Sours

Jamie Dimon said he expects problems to emerge in private credit and warned that “there could be hell to pay."

Goldman Sachs Shifts Interest-Rate Outlook Ahead Of Key Inflation Report

Fed officials have made clear in recent weeks that they aren’t ready to cut interest rates yet, and finance professionals are getting the message.

Challenges to the Labor Department's Fiduciary Rule

Several insurance organizations have initiated legal action to challenge the Labor Department's fiduciary rule concerning retirement advice.