The 1987 market crash taught investors that the Fed would come to the rescue after a market crisis, argues the chief economist of Aberdeen Standard Investments. That lesson came back to haunt us in 2008, and may yet again.
The biggest wealth-tech investment in the third quarter went to Betterment, which took in $70 million and is now valued at $800 million.
By the end of the month, the SEC is expected to provide formal assurances that it won’t object if brokerages break out the cost of market analysis for their European clients, rather than bundling it together with other services.
