This wealth advisor stock should benefit as clients get rich from SpaceX IPO, says Baird

Wealth advisor firm Andersen Group could be a less-than-obvious beneficiary of the SpaceX initial public offering, according to Baird. SpaceX, which went public on Friday, created thousands of new millionaires and several billionaires. Earlier this week, CNBC reported that more than 100 current and former SpaceX employees with combined assets between $1 billion and $5 billion created a group to negotiate lower-than-standard fees with wealth management firms. …