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.

Authorities Impose $500,000 Penalty on Webull

Massachusetts authorities recently imposed a $500,000 penalty on Webull, an online brokerage, citing inadequate compliance mechanisms.

Stocks Won't Go Much Higher Next Year, Wall Street Bear Predicts

Morgan Stanley's Mike Wilson sees stocks nearly flat in 2024. Wilson projects earnings growth in the S&P 500 (^GSPC) to $229 per share.

Fidelity Rolls Out Suite of New ETFs, Slashes Fees

Fidelity launched group of 6 new ETFs and announced sharp reductions on management fees on nearly a third of its total ETF lineup.

Fake Filing for BlackRock XRP Trust Caused Brief Price Spike

A fake filing that was designed to look like BlackRock was setting the stage for an XRP ETF caused a temporary pump in the price of XRP.

SMArtX Advisory Solutions Adds 26 Strategies to Its Manager Marketplace

SMArtX Advisory Solutions ("SMArtX"), a leading innovator in unified managed accounts (UMA) technology, announced it has added 26 strategies offered by six leading asset management firms to its platform. Trillium Asset Management and New Capital by EFG Asset Management are now offering strategies across ESG core equity and US Small Cap Growth, respectively. The platform currently features 1303 strategies from over 300 asset management firms.