The move shows the future of asset management distribution is moving towards technology pipes, as opposed to advisor-direct channels, custodians or TAMPs, according to industry watchers.
Matt Hougan, the CEO of Inside ETFs, on what advisors can look forward to at the year’s biggest ETF conference, including Mohamed El-Erian, Quincy Jones, the best new ETFs and a deep dive on bitcoin.
Los Angeles Rams kicker Sam Ficken was working at a Greenwich, Conn.-based brokerage firm, Weeden & Co., when the NFL team called to sign him last month, according to the Orange County Register. Ficken tried out and was signed to replace Pro Bowl kicker Greg Zuerlein who recently underwent season-ending back surgery. ... Meet Ripple's Billionaires Bitcoin isn't the only cryptocurrency booming. Ripple, which issues tokens trading at $2.39, has a market capitalization of $88.9 billion, and has now minted its first billionaires, according to Forbes. ... Millennials Are Lousy Stock Pickers Turns out millennials, who have taken to robo advisors and new discount brokerage apps, are as lousy at picking stocks as other generations. In 2017, the trading app Robinhood, which is popular with millennials, found users gravitated toward big tech companies, and the most popular trades turned out to be some of the worst. ...
