FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.
A former QB on the New York Jets and Dallas Cowboys joined a financial advisory firm in Minnesota (Financial Advisor Magazine)
Brooks Bollinger, a former FNL quarterback, joined Woodbury, Minnesota-based Freedom Financial Partners as a financial advisor.
Bollinger was drafted by the New York Jets in 2003 after he played college football at the University of Wisconsin. After, he had stints on the Minnesota Vikings, Dallas Cowboys, and Detroit Lions.
“At Freedom Financial Partners, Bollinger will work with families and business owners to help them achieve their financial goals,” reports Financial Advisor Magazine.
Harvard’s Kenneth Rogoff argues that it’s “unrealistic” to expect Greek taxpayers to make large payments anytime soon given the employment rate at 25% (and youth unemployment at 50%). He says that Greece is “right to insist that Greece adhere to its commitments” but they “ought to be making even deeper concessions on dept repayments.”
“If concessions to Greece create a precedent that other countries might exploit, so be it,” argues Rogoff. “Sooner rather than later, other periphery countries will also need help. Greece, one hopes, will not be forced to leave the eurozone, though temporary options such as imposing capital controls may ultimately prove necessary prevent a financial meltdown. The eurozone must continue to bend, if it is not to break.”
The ECB’s not necessarily going to boost EU stocks for long (Charles Schwab)
“Significant economic differences between the United States and the eurozone mean that several ingredients needed for the ECB QE program to work in a similar fashion to the Federal Reserve’s program may be missing,” writes Michelle Gibley.
The eurozone might see two potential effects from QE — a reduction in deflationary pressure and an increase in export demand — “but even those could have limited impact,” writes Gibley. “While European stocks may rally in the near-term, we believe the rally may not be sustainable in the absence of structural reforms.”
January was rough for stocks: Volatility was up, and stocks “endured some notable setbacks.” Nevertheless, Robert Doll of Nuveen Asset Management believes that equity prices will be at a higher level at the end of 2015 than they were at the start of the year.
“[We] believe the current weakness in equities will pass, but probably not until commodity prices stabilise and the associated deflation fears ease. The fundamental strength of our economy — along with the combination of benefits that should come from lower oil prices and stronger dollar — should push equity prices higher this year. Market volatility is likely to persist, but we believe equities should outperform cash, bonds, commodities and inflation in 2015,” he writes.
Fidelity is going to snatch up eMoney Advisor (InvestmentNews)
Fidelity Investments will acquire eMoney Advisor, which makes a popular software used by 46 out of the nation’s top 50 broker dealers and 25,000 employees of banks and registered investment advisory firms, including those affiliated with Fidelity’s rivals, reports Trevor Hunnicutt.
“The deal serves as a reminder of the advantage of being one of the few dominant technology platforms, analysts said,” reports Hunnicutt.
“Well-entrenched RIA technology companies, with broad distribution, are in short supply,” Zohar Swaine, president of Mink Hollow Advisors, told InvestmentNews. “Forward-thinking organisations recognise that.”
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.