The platform also lets advisors monitor assets that clients hold elsewhere – such as 401(k) accounts – in order to make more accurate financial plans. The platform includes four main parts: portfolio advice, which lets advisors construct portfolios and screen investments; portfolio risk, which helps advisors evaluate the risks changes could bring to a portfolio
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Prudential Financial’s Quincy Krosby has advice for investors: Let the stock market volatility work for you. She’s confident the market’s wild swings will ultimately subside and generate strong upside. “If the sell-off continues and it deepens, it’s going to provide tremendous opportunities as the market settles down,” the firm’s chief market strategist said Monday on
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Markets in Europe are expected to follow Asia’s downbeat session, after news emerged that Nissan’s Chairman Carlos Ghosn was arrested yesterday, over allegations concerning financial misconduct. Nissan released a statement on Monday, which said that “over many years” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities
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The Trump administration’s mixed messaging on trade with China could result in increased tensions between the United States and the People’s Republic, CNBC’s Jim Cramer said Monday as the major averages endured a technology-led sell-off. After hearing the hard-line stance embraced by Vice President Mike Pence in his Oct. 4 speech at Washington’s Hudson Institute,
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Stories of Apple’s alleged sales slowdowns, like Monday’s report from the Wall Street Journal, are getting “repetitive” even as many investors treat them as new and crippling revelations, Cramer said. “This market can’t stabilize until Apple stabilizes,” said “Mad Money” host, whose charitable trust owns Apple shares. He added that chart specialists have been saying
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Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus an estimate of 62 cents a share. Third-quarter revenue was $974 million, while analysts had
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Student loan borrowers with cancer can now pause their payments. Under the rule, included in a recent bipartisan congressional spending package, borrowers are exempt from student loan payments throughout their treatment for cancer and then for six months afterward. Additionally, interest will not accrue during the postponement. Some cancer patients can rack up an extra
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The Democratic representative also proposes to swap the word “Credit” for “Protection” in the Financial Institutions and Consumer Credit subcommittee. That signals a focus on shielding consumers from business malpractice — something she has said the Consumer Financial Protection Bureau under its head Mick Mulvaney has failed to do. A spokeswoman for Waters did not
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Facebook‘s stock would rise if Chief Operating Officer Sheryl Sandberg resigned or was ousted, CNBC’s Jim Cramer argued on Monday. Cramer was discussing a new report in the Wall Street Journal, which described Facebook Chairman and CEO Mark Zuckerberg as causing “unprecedented turmoil” at the social network amid scrutiny over its Cambridge Analytica scandal and
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Andy Buchanan | AFP | Getty Images Jim Ratcliffe visits the Ineos oil refinery in Grangemouth, Scotland. The U.K.’s wealthiest man, Jim Ratcliffe, could soon hold a larger influence over North Sea oil, with his company in exclusive negotiations with ConocoPhillips for its British assets. ConocoPhillips confirmed to CNBC via email Monday that it was
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