US Wealth Manager Stocks Sink as Traders Flee Next AI Casualty
The US wealth management industry has become the latest sector to face disruption fears from artificial intelligence, triggering a sharp selloff in major brokerage and advisory stocks. On February 10, 2026, shares of Raymond James Financial, Charles Schwab, LPL Financial Holdings, and Stifel Financial Corp. plunged between 7% and 9%, marking their worst trading sessions…