Finance

Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Data reported by the Investment Company Institute.

Susan Elolampi will be company's latest high-level hire following a dozen appointments in recent months.

Inflows have persisted since the infamous “volpocalypse” in early February.

Muted core inflation increases and relentless haven flows have kept a lid on longer-dated developed-market yields.

The firm’s equity-trading business head Ted Pick, promoted to lead its division of investment bankers and traders, is one possible successor.

Investors have found the sector attractive again as Treasury yields dropped to 2.8% in six days.

Clients must still account for gains not incurred through a sale or cash distribution.

The combined amount across the top 10 firms has jumped 37% to $385.3 million over the past three years.

Total assets of the fund have increased almost 20 times since December.

The asset manager's flows are down 42% year-over-year. The industry: 50%.

Clients may be compelled to sell their shares as nearly 90% of the products have experienced losses this year.

The firm allegedly hired and promoted fewer women than men and paid them less than their male counterparts.

As equities in the sector extend a $3.8 trillion rout, the strategy has resulted in annualized returns of as much as 190%.

Treasury yields have fallen in response to tariffs imposed by the Trump administration, making defensive sector holdings more attractive.

The firm plans to expand access to its line of low-cost funds to roughly 1,800, including those from BlackRock, Schwab and SSgA.

Single-day drops are 20% bigger on average than gains, the widest gap in seven decades.

Although investors think the 10-year Treasury yield will easily reach 3.5%, analysts warn “there might be a few blips on the way.”

Returns over the past decade have been stellar, but capital preservation is a concern.

This environment allows advisors to demonstrate their value to clients.