The Daily Brief

The number of billionaires in the world drops, American workers lack retirement plans and IBM's Watson tackles financial services.

Donald Trump's net worth is down, bitcoin exchange introduces margin trading and white-collar workers have better 401(k)s than blue collar workers.

David Canter to run the Boston Marathon, Rhode Island advisor is going to jail for running a Ponzi scheme and Americans are not confident about their retirement savings.

Know the signs of needing to grow your firm, Genpact acquires Rage Frameworks and LPL adds Bell Bank.

Securities class action settlements set a record in 2016, Ron Paul was named Goldco's chief ambassador, and Mike Piazza (no, not that Mike Piazza) leaves Merrill Lynch for Raymond James.

Advisors need to stop trying to target millennials as a whole, Focus partner MW Lomax acquires Westwood Group and Merrill hires an advisor away from BTG Pactual.

S&P updates market cap guidelines, bumping Raymond James into the S&P 500, American household wealth hits record high and David High becomes BNY Mellon's senior wealth director in Philadelphia.

Jen Easterly joins Morgan Stanley, Merrill Edge redesigns its mobile app and biotech is hot right now.

UBS raises the largest impact investing fund with a gender lens overlay, Americans expect advisors to help them with guaranteed lifetime income, and Americans feel behind on saving for retirement.