News Roundup

News Roundup (534)

Warren Buffet: Bitcoin is 'Rat Poison Squared'

It is no secret that Warren Buffett, the oracle of Omaha, is not a fan of bitcoin. Yet, the cryptocurrency surged from $17,500 on December 11 o $29,500 on December 31. So reports the USA Herald.


Franklin Templeton, Apex Clearing and Bambu Launch Tango, a Roboadvisor

Franklin Templeton announced the introduction of Tango, a turnkey roboadvisor designed to empower advisors to provide personalized, goals-based wealth management at scale.


Wells Fargo Ups 2021 Monthly Compensation Hurdle

Wells Fargo Advisors has boosted the monthly revenue hurdle that brokers must clear in 20201 before they receive higher payouts. So reports ThinkAdvisor.


UBS Keeping Pay Unchanged in 2021

Jason Chandler, head of UBS Wealth Management USA, said the bank’s U.S. brokerage business is not making changes to its 2020 financial advisor compensation in 2021. That’s according to an internal memo. So reports Advisor Hub.


What Are FAs Thankful For?

Investopedia asked several advisors what they’re thankful for in 2020. Here are highlights from three of the many responses.


Texas FA Accused of Murdering Client, Leaving Fake Suicide Note

Financial Advisor Keith Ashley is accused of killing his client, 62-year old Jim Seegan earlier this year to gain control of his finances while also scamming at least 8 other clients. So reports KSAT.


15 Pro Athletes Cheated By FAs: ThinkAdvisor List

With news of Phillip A. Kenner, one of the worst advisors in 2015, being sentenced to 17 years in jail recently, ThinkAdvisor compiled a list of financial advisors that have scammed professional athletes.


Some Advisors Turning to New Fee Models to Attract Clients

Some advisors are turning to new fee models, such as hourly or annual rates, in order to reach a broader group of clients, such as those with lower assets. So reports CNBC


FBI Hunting for FA Missing Since September

Chris Burns, a financial adviser and radio talk show host, has been missing since September and now the FBI is on the case. Client money may be missing as well. So reports WSB-TV Atlanta 2.


Team of Female Advisors Leaves JP Morgan For RBC

A Midtown Manhattan-based team of all female advisors are jumping ship from JP Morgan and heading to RBC Wealth Management. So reports Financial Advisor


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