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Stock impact report

Wealth Manager Stocks Sink as Investors Flee AI's Next Casualty [Yahoo! Finance Canada]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Most Read from Bloomberg The move appeared to catch Wall Street off guard, as Charles Schwab is the only stock with a sell rating, and it has just one among the 24 analysts tracking the company. The new tool, unveiled by closely held tech startup Altruist Corp. on Tuesday, helps financial advisers personalize strategies for clients and create pay stubs, account statements and other documents, the company said in a statement. The company's founder and Chief Executive Officer Jason Wenk started his career at Morgan Stanley and Chief Operating Officer Mazi Bahadori worked at Pimco Investment Management, so Altruist's leadership is clearly well-versed in how Wall Street and the investment community operate. “The selloff appears tied to broader concerns about AI disrupting the financial advice and wealth-management model,” said Neil Sipes, an analyst with Bloomberg Intelligence. Investor focus today is “likely centering on concerns around efficiencies being competed away, fee compre Show less Read more
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