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2 Financials Stocks Worth Your Attention and 1 We Turn Down
Financial firms serve as the backbone of the economy, providing essential services from lending and investment management to risk management and payment processing. Still, investors are uneasy as companies face challenges from an unpredictable interest rate and inflation environment. These doubts have caused the industry to lag recently as financials stocks have collectively shed 2.4% over the past six months. This performance is a noticeable divergence from the S&P 500’s 7.7% return. Feb 12, 2026 - $LPLA
Wall Street’s New Trade Is Dumping Stocks in AI’s Crosshairs
On Wall Street, rising fears about artificial intelligence keep pummeling shares of companies at risk of being caught on the wrong side of it all, from small software makers to big wealth-management firms. The latest selloff was triggered by a tax-strategy tool rolled out by a little-known startup, Altruist Corp. The perceived threat sent shares of Charles Schwab Corp., Raymond James Financial Inc. and LPL Financial Holdings Inc. down by 9% or more over the last two days and hit European companies, too. Feb 11, 2026 - $LPLA
Mercer Advisors Appoints Lindsay O’Toole to Lead Investment Platform Operations
DENVER, February 11, 2026--Mercer Global Advisors, Inc. ("Mercer Advisors"), a national Registered Investment Adviser (RIA), today announced the appointment of Lindsay O’Toole as Senior Vice President, Investment Platform Operations. In this role, O’Toole is responsible for leading 90+ dedicated professionals who support advisory teams in delivering customized, institutional-grade investing programs for each of the firm’s more than 39,900+ families. She is charged with working closely with Merce Feb 11, 2026 - $LPLA
IDT Capital Group Joins Osaic, Bringing $186M in Client Assets
SCOTTSDALE, Ariz., February 11, 2026--Osaic, Inc. ("Osaic"), one of the nation’s largest providers of wealth management strategies, today announced that IDT Capital Group, an independent wealth management firm based in Melville, New York, has joined Osaic through New York Financial Partners ("NYFP"), an Osaic office of supervisory jurisdiction (OSJ). Led by financial advisor David Calderon, the firm transitions from LPL Financial and oversees approximately $186 million in client assets. Feb 11, 2026 - $LPLA
Heard on the Street Tuesday Recap: More AI Disruption
Wealth-management stocks sank after Altruist, a financial-technology firm, unveiled an AI tool to create personalized tax strategies by interpreting financial documents without manual entry. Shares of Raymond James, LPL Financial and Charles Schwab skidded. Feb 11, 2026 - $LPLA
$730M Wisconsin Team Joins Raymond James From Commonwealth
Green Bay-based Financial Consulting Services is the latest group to depart Commonwealth, which was acquired by LPL last year. LPL intends to retain 90% of the firm’s total assets in the move. Feb 10, 2026 - $LPLA
Wealth Manager Stocks Sink as Investors Flee AI’s Next Casualty
Altruist unveiled its new AI-powered tax planning tool on Tuesday, which helps financial advisors personalize strategies for clients and create pay stubs, account statements and other documents. Feb 10, 2026 - $LPLA
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