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.

Morgan Stanley Asserts Pretax Profit Margin Target Objective Still Within Reach

Morgan Stanley's wealth management sector experienced a shortfall in reaching its pretax profit margin target for the last quarter.

Surging Nvidia Adds Fuel to Tech Sector and Broader Market

Nvidia has significantly accelerated the momentum of the stock market. In premarket trading, Nvidia's shares surged approximately 14%.

"Don't Do It!" Advocates Call for Cautious Approach to Rate Cuts

Prematurely reducing interest rates could trigger resurgence of inflation posing significant risk and rekindle inflationary pressures.

Big Banks Needed M&A to Roar Back in 2024. It’s Happening.

The volume of US mergers and acquisitions is up 130% so far this quarter, to $288 billion, according to data from Dealogic. Worldwide M&A it's up 56%.

Bank of America CEO Brian Moynihan Explains Why You’d Better ‘Get Used to Mortgage Rates of Six, Seven Percent’

American consumers are being pulled in opposite directions right now—by rising prices that threaten consumption on one side.