X @BSCN

🚨 BREAKING: AI FEARS PUMMEL WEALTH MANAGEMENT STOCKS: SCHWAB DROPS 7%, RAYMOND JAMES CRASHES 9%The selloff was triggered by fintech startup Altruist launching an AI powered tax planning tool that automates personalized strategies.$SCHW fell 7.4%, @RaymondJames -8.8% (worst day since March 2020), LPL Financial -8.3%, @MorganStanley -4%, Ameriprise -7%.@CharlesSchwab CEO Rick Wurster called the selloff "disappointing and surprising," arguing AI will enhance advisors, not replace them.At $95.50, $SCHW now trad ...