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A majority of the world’s richest investors expect a ‘significant’ stock sell-off in 2020, UBS survey finds

UBS assessed 3,400 investors with more than $1 million in assets, finding that most see more volatility and that the US-China trade war is a concern.
Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019.

CULTIVATED: Wealth managers open up to cannabis stocks, top 25 cannabis startups, and more.

In this edition, we got the scoop on how the largest US wealth managers are opening their doors to cannabis stocks, and more.

Wealth management isn’t aging well, more WeWork drama, and a private meeting with Elon Musk

The top business stories this week: Wealth management isn't aging well, WeWork drama, and a private meeting with Elon Musk
Interactive Brokers. Charles Schwab. TD Ameritrade. E-Trade. They're all going to zero online commissions.

Fidelity just eliminated online commissions — here’s everything we know about brokerages’ rapid-fire moves in the race to zero

The business of investing and trading online is undergoing an industry-wide shift, with many big brokerages cutting their commissions to zero.
A customer enters the E*Trade offices in New York.

E-Trade and 3 other big brokers have axed the fees completely in the past week. Here’s how Fidelity responded when we asked about online commiss...

E-Trade's move comes one day after rivals Charles Schwab and TD Ameritrade said they would eliminate commissions on US-listed trades. Analysts have been speculating Fidelity is next.
Goal celebration.

Meet the finance guru who tells millionaire athletes how to invest — and not squander — their money

Athletes want familiarity — big-name brand stocks like Coca-Cola and Disney. "Significant dividend" income is also a key metric, says this adviser.
It's not easy to manage a billion dollars.

What the world’s richest people look for when they choose their wealth managers

The ultra-wealthy are good at picking wealth managers that fit their needs: 79% reported being satisfied with their managers, according to Capgemini.

Cyberattacks are 300 times as likely to hit financial firms than other companies. A sweeping new report finds they’re not prepared.

The cost of dealing with a cyberattack's aftermath is particularly high for wealth managers and banks, Boston Consulting Group found.
Ellevest founder Sallie Krawcheck

Sallie Krawcheck, once the ‘most powerful woman on Wall Street,’ says men spooked by #MeToo should remember the lessons they learned in fo...

Sallie Krawcheck, once among the most powerful women on Wall Street and now the CEO of women's focused investment firm Ellevest, has some advice.

A US discount brokerage giant is partnering with Chinese technology company WeChat to court Asian investors

The partnership with WeChat comes at a time when when TD Ameritrade is trying to grow its business in Asia.