Understanding
To find out where people have the best understanding of money matters, WalletHub rated the 50 states and Washington, D.C., on
Beneath the total score, each state's position relative to the others is listed for each rating factor (with 1 being the top position).
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In the ranking below, the top state received a total score for financial literacy of 72.46 out of 100. Scroll through to find out which states are in the top 20 and how they fared.
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The bulk of the haul came from the bankrupt crypto company Terraform Labs. But Morgan Stanley, LPL Financial, Ameriprise and other big firms also came under scrutiny.
Experts say firms that seek to serve technology-savvy clients would do well to provide the digital tools they desire.
President-elect Donald Trump's second administration signals the need for empathy and steps to protect estates or consider moving to a new state, advisors say.
Fifth Third Bank also draws a big team from Truist, and Morgan Stanley from Merrill.
UBS is reducing pay substantially for sub-$750K producers and making smaller reductions for advisors on the higher end of the scale.
The founder of Mitlin Financial said he has enjoyed the transition away from paper documents, traditional business cards and choosing each piece of his technology stack.
