Skip navigation
The Daily Brief
Jamie Dimon Copyright Mark Wilson, Getty Images
Jamie Dimon

Jamie Dimon Is Not a Bitcoin Fan

Jamie Dimon calls bitcoin "worse than tulip bulbs," Seattle RIA joins Dynasty, and the FPA partners on a podcast for NextGen advisors.

JPMorgan Chase CEO Jamie Dimon all but called the latest bitcoin rally the bubble to end all bubbles on Tuesday. At a Barclays conference, Dimon said the crytocurrency is "worse than tulip bulbs," a reference to the notorious price mania for the flowers during the Dutch Golden Age 400 years ago. Bitcoin is up more than 350 percent this year, and Dimon said at the conference the rally "won't end well." The CEO went on to say he would fire any trader who transacted bitcoin, according to Business Insider.

RIA Close With Seattle Tech Firms Joins Dynasty

Glenda Schmidt

The Schmidt Financial Group, a longtime Seattle RIA that oversees more than $300 million in client assets, has joined Dynasty Financial Partners. Glenda Schmidt, who previously worked for IBM, founded the firm in 1993 and began teaching financial-planning courses to women engineers at Microsoft. “In the early 1990s, being a woman founder, tech focused, fee based, and workplace marketing—those things were kind of unusual and made us unique," Schmidt said. Today, the firm is leveraging social media and digital-only onboarding to attract clients who expect to work with the latest technology. She said the firm (which has only three advisors) likes to run "lean and mean," and that partnering with Dynasty was a move to help the firm grow.

FPA Partnering on NextGen Podcast

The Financial Planning Association is partnering with Dallas-based financial advisor Hannah Moore to produce, market and cobrand the "You're a Financial Planner, Now What?" podcast. Moore has already produced more than 60 weekly podcast episodes, providing listeners with insights on how to be effective financial planners and business owners. FPA plans to work with Moore and other FPA NextGen leaders to add content to support young financial planners through interviews with thought leaders and peers who share their experiences, knowledge and practical advice. The podcast is available now at, via iTunes, Stitcher and other podcast providers, and will be available online on as well.


Want The Daily Brief delivered directly to your inbox? Sign up for's Morning Memo newsletter.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.