Digest April 14th

Wealth Management Stocks Decline Amid Tariff Concerns

Wealth management and brokerage firms, including Robinhood Markets, Charles Schwab, and Morgan Stanley, experienced stock declines due to market turbulence sparked by U.S. tariff concerns. Investor fears over new tariffs have raised concerns about slowed economic growth and potential recession, impacting revenues tied to assets under management. ​Barrons

J.D. Power Study Reveals Advisor Satisfaction Trends

The latest J.D. Power U.S. Financial Advisor Satisfaction Study indicates a rise in satisfaction among employee advisors, while independent advisor satisfaction has declined. Notably, only 46% of independent advisors strongly feel their firms are moving in the right direction, an 8% drop from the previous year. ​JD Power

Wealthbox Introduces AI Meeting Note Tool

Wealthbox has announced plans to launch a built-in AI meeting note tool integrated with its existing CRM solution. This development poses a challenge to standalone AI meeting note tools by offering a seamless experience for financial advisors within the Wealthbox ecosystem. ​Kitces