News Roundup

News Roundup (576)

Customer Suicide Prompts Changes at Robinhood

Robinhood is making multiple changes in the wake of the suicide of one of its customers who suffered massive losses. So reports CNBC.

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More Young Adults Seeking a Financial Advisor Due to Pandemic

A new survey from Northwestern Mutual finds that about one in five respondents younger than Baby Boomers did not have a financial advisor before the pandemic but want their advice now. So reports Financial Advisor.

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Ex-LPL Advisor Jailed for Repeatedly Contacting Victim He Assaulted

David Arthur Wismer III, a former LPL Financial advisor who was on probation after a 2018 conviction of sexual assault on a child by one in a position of power, is heading to jail for contacting the victim repeatedly. So reports Financial Planning.

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Goldman Sachs Delays Advisor Hiring Push

Goldman Sachs has delayed its plans to expand its wealth management services. So reports Advisor Hub

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Americans Trust Themselves More than FAs for Advice: Survey

Twenty-eight percent of respondents to a Northwestern Mutual’s Planning & Progress Study said they most trust themselves for financial advice, versus just 24% who said they most trust a financial advisor. So reports Financial Advisor Magazine.

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Some Investment Advisors Reversing Course on PPP Loans

Some investment advisors are rushing to return money taken under the government's Paycheck Protection Program (PPP), while others are keeping mum on whether they took the loans in the first place. So reports NBC News.

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What Two Advisors Are Telling Concerned Americans

Two of CNBC’s Financial Advisor Council members—Lazetta Rainey Braxton and Carolyn McClanahan—recently answered a number of questions from Americans worried about their finances amid the pandemic. Rainey is co-CEO of 2050 Wealth Partners and McCalanahan is a certified financial planner and founder of Life Planning Partners. Here’s what they are saying about Americans’ most pressing concerns, according to a recent CNBC article:

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Barron’s Release List of Top 100 FAs

Barron’s released its list of Top 100 financial advisors, the 17th year it has released such rankings. The typical advisor on the list has an average of 33 years of experience.

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Thieves Have Their Eyes on Americans’ Stimulus Checks

Authorities warned that scammers are trying to grab Americans' stimulus checks. So reports CNBC.

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Ameriprise FA Helping Homeless in Tennessee During Pandemic

Cody Sims, who is an Ameriprise Financial Advisor and Franchise Owner, is helping homeless men, women and children combat the coronavirus and their circumstances. So reports The Chattanoogan.

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