Tech Stocks Drive Major Indexes Higher as Nasdaq Rises 1 4%—Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
What You Need to Know
The Next Gen program was initially piloted at Advisor Group subsidiary Securities America.
The Better Together program was initially launched as a six-part webinar series to help advisors.
Ladenburg Thalmann Asset Management CEO Philip Blancato was named chief market strategist for all of Advisor Group.
During Advisor Group’s Wealth Management Symposium on Thursday, the firm announced the rollout of its Next Gen and Better Together programs across the organization.
Next Gen “builds upon the success” of the program that was initially piloted at Advisor Group subsidiary Securities America, Advisor Group said. It “brings experienced financial advisors and Advisor Group leadership together with younger professionals to identify specific strengths to emphasize, areas for further development, and opportunities to grow through strategic partnerships and mentorships,” the company noted.
Advisor Group Launches Innovative Business Growth And Next Gen Advisor Programs At Fifth Annual Wealth Management Symposium prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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By Joe Wallace and Alexander Osipovich The S&P 500 fell Monday as a fast-spreading strain of coronavirus emerging from England prompted fresh travel restrictions, dealing a setback for the global economic recovery. The broad-based index fell 14.49 points, or 0.4%, to 3694.92. The Dow Jones Industrial Average ticked up 37.40 points, or 0.1%, to 30216.45, having bounced back from a midmorning loss of more than 420 points. The technology-heavy Nasdaq Composite slipped 13.12 points, or 0.1%, to 12742.52. All three indexes were trading at records last week. Overseas, European shares tumbled after countries across the Continent and beyond barred travelers from Britain in an effort to keep out an infectious variant of coronavirus that is spreading rapidly in England. The pan-continental Stoxx Europe 600 slumped 2.3%.
The markets retreated on uncertainty over the new strain of Covid-19, which is said to be up to 70% more transmissible than the original and forced many countries to shut down borders with the United Kingdom, Reuters reports.
“The precautions required to assess the potential harm of the new COVID-19 strain will undoubtedly introduce additional risk to markets, which expected a smooth return to normal life following the vaccine’s rollout,” James McDonald, chief executive officer of Hercules Investments, told Reuters.
The renewed coronavirus concerns offset the positive developments from a $900 billion coronavirus relief package, which is expected to be voted in by Congress later at the day. The build up to the new stimulus bill has helped pushed Wall Street to record highs.