FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. ETF investors should care about earnings (Investors.com) ETF investors think because they are diversified across a certain industry or sector they don't have to worry about earnings season. However, that's not the case. Investors.com notes, "It's not unusual for one company's story on revenue growth to be replicated multiple times across the same industry." If ETF investors want to be diversified, they should consider investing in several different sectors. Social Security Disability will run dry in 2016 (Bloomberg) While Social Security is projected to run dry in 2034, Social Security Disability will run out of money next year, unless action is taken. According to Bloomberg, trustees noted Social Security’s Disability Insurance trust fund will only be able to meet 81% of its payments after 2016. One possible solution is to divert funds from the main Social Security account. SPONSORED BY Nationwide® Retirement isn’t always easy to navigate – but with a robust collection of tools, products, and services, Nationwide® can simplify the details of some of life’s toughest retirement challenges. Find out how to help your clients reach the financial goals they want. Gold isn't recovering anytime soon (Business Insider) Gold has been slammed in recent weeks, falling 11% from its May high of $1228 to its current price near $1090. Morgan Stanley thinks there is still more bad news to come. In a recent note, the investment bank says, "The backdrop is deteriorating" thanks to "The passing of deflation risk, anticipation of the US Federal Reserve's first interest rate hike, another debt resolution for Greece and the collapse in China's equity markets." The bank believes the worst-case scenario is a drop to $800 per ounce, another 27% from here. Credit Suisse is shifting its focus (Reuters) Credit Suisse's new CEO, Tidjane Thiam, wants to take the Swiss investment bank in a new direction. Reuters reports Thiam wants to shift the investment bank's focus to the wealth management arena, where it is already the fourth largest player in a crowded field. "We will put the emphasis on the private banking and wealth management business because it's more capital-light and (has) better returns," Thiam said. Specifically, the bank wants to increase its presence in Asia, which Thiam noted is home to 70% of the world's population. Advisors continue to move around (Think Advisor) Wells Fargo has added three industry veterans. Nick Borgfeldt, who has 37 years of experience brings $176 million in client assets from Morgan Stanley while Larry Pullman and Jeff Kerrigan leave behind UBS with their combined 40 years experience and $165 million in assets. Elsewhere, Raymond James has poached a trio of advisors. Alex Bryan, CFP; Ryan Bartley; and Robert Torney are bringing their $300 million on board from UBS. Join the conversation about this story » NOW WATCH: How much sex you should be having in a healthy relationship
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