Why Amazon is moving into finance, and what it means for advisers

March 7, 2018 by Ryan W. Neal

The moment many have long speculated and feared, is finally here — Amazon is entering the financial services world.

As first reported by the Wall Street Journal, Amazon is in talks with large financial institutions including JP Morgan Chase to explore a new “checking-account-like product” it could offer retail customers. While the conversations are early and there are no immediate plans to offer any sort of digital advice, advisers still need to take notice.

Click HERE to read the full story via InvestmentNews; registration required. 

Originally Posted at InvestmentNews on March 6, 2018 by Ryan W. Neal.