Reuters
A new way to keep up with clients' life events (Investment News)
Advisors and clients both hate the hassle of keeping tabs on life events. Kivvik is a new site that allows advisors to stay up to speed with their clients' lives by making a few clicks with a mouse. Investment News says the goal of Kivvik is to "keep advisers informed, reduce the need to call clients blindly and prevent unpleasant surprises when clients tell their advisers they had a huge financial situation or event months after it happened." The new site comes at a cost. After a 14-day free trial, advisors must pay $30 per month.
Finances stress out young mothers (Financial Advisor)
A study conducted by Financial Finesse found that life and finances are most stressful for young mothers. According to the results, 55% of women between the ages of 30 and 55 who have an annual household income of less than $60,000 per year experience 'high' or 'overwhelming' levels of stress. Financial Advisor says of those who responded, "84% of those facing overwhelming stress describe their current financial situation as not under control." Males under 30 report the least amount of stress, with 26% saying they experience no financial stress at all.
Banks think Greece will leave the euro (Reuters)
The big banks are changing their forecasts for Greece, and now expect a 'Grexit' as their base case. BNP Paribas, J.P. Morgan, RBS, Barclays, Societe Generale and others now believe the debt-ridden country will leave the single currency after previously saying no such exit would occur. "We argue that EMU (European Monetary Union) exit now is the most likely scenario," economists at Barclays penned.
The futures pits are closing (Associated Press)
Monday is the final day of trading in the storied futures pits of Chicago and New York. The Chicago Mercantile Exchange will go silent as the once frenzied trading pits make their transition to a fully electronic trade. There will be a few exceptions, with the S&P 500 futures and options pits among those remaining open.
A Wells Fargo advisor was honored at the Pentagon (Think Advisor)
Stephen R. Lee, a Wells Fargo advisor, was honored at the Pentagon for raising more than $5 million for the United Service Organizations. Think Advisor notes, Lee efforts have helped create USO Tribute Cincinnati, which raises money for local military hospitals. "Freedom comes with a price, and when our country needs our military, the USO gives all of us in the civilian world a way to support service members and their families every step of the way - from home to the battlefield and to home again," Lee said.