By Barron's Advisor Staff

Shares of Charles Schwab, Robinhood, and other financial companies tumbled earlier this month when payrolls data came in weaker than expected. Investors were concerned a weakening economy and lower interest rates would crimp profits. Most financial stocks have recovered their losses, although Charles Schwab is still down about 4% since its Sept. 4 close. The Vanguard Financials Index ETF $(VFH)$ is up about 1.5% since then.

Among our other recent most-read wealth management articles:

Robinhood's new social network . The brokerage firm, known for its free stock-trading app, aims to transform its customers into a tightknit community with a new social-media platform. Robinhood Social, which resembles X (formerly Twitter), will provide a meeting place for traders to talk shop and share verified trades. Robinhood also unveiled a bunch of new tools and features to its platform for active traders at its annual conference.

Advice for lottery winners . Winning the lottery can feel like a dream come true, but for many, the newfound fortune slips through their fingers. Suddenly coming into a vast amount of wealth, whether it's through the lotto or an inheritance, can introduce a lot of complex financial planning challenges. With the news of two winning tickets for the $1.8 billion Powerball jackpot over the weekend -- the game's second-largest pot ever -- we asked financial advisors: What steps should lottery winners take after winning a big jackpot?

Advisor barred after alleged romance scam . The Securities and Exchange Commission has blocked a former investment advisor from working in the industry after he allegedly breached the fiduciary duty he owed to a client with whom he became romantically involved. James Warring allegedly overcharged the client and convinced her to issue and then forgive a loan to his family members without disclosing who the loan recipients were.

Financial advisors pick up the pen . A cadre of younger financial advisors find writing books a good way to show their expertise and jump-start building a practice. Barron's Advisor spoke to several authors who have written multiple books, not purely to earn money, but for the less tangible benefits of sharing their knowledge and building their own brand. They tell us that a book can offer a next-gen advisor a way to establish credibility as an expert and help attract new clients.

BlackRock and Citi team up in wealth . Thousands of Citigroup's richest clients will soon have money invested by BlackRock, under the terms of a new partnership announced last week. The move marks the end of Citi's in-house proprietary asset management business. Citi is streamlining its wealth management business at the same time BlackRock is expanding its asset management capabilities in private investments, which are increasingly popular with high-net-worth clients.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

September 12, 2025 14:19 ET (18:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.