Capital markets have reacted dramatically to Donald’s Trump’s presidential election.
It’s easy to dismiss millennials as being too young to have accumulated wealth, but the category that consists of Americans born between 1980 and 2000 shouldn’t be dismissed. That's, in part, because there are 90 million millennials. So reports Barron's.
Expectations that President-elect Donald Trump and the Republican controlled Congress will kill the Department of Labor’s Fiduciary Standard are growing, but many firms are continuing to prepare for the rule nonetheless. So reports Bloomberg BNA.
American Funds’ decision late last year to offer all of its funds on no-load platforms at Fidelity and Schwab is intended, in part, to allow retirement plan investors to avoid having to pay a second commission if they want to keep using the firm’s products durnig IRA rollovers. So reports Morningstar.