Long-term mutual funds took in $12.53 billion for the week ended July 29, the 20th straight week of inflows, according to data from the
Stock funds took in $3.4 billion, up from $2.21 billion the previous week. Bond funds took in $8.57 billion, up from $8.17 billion the previous week.
Money market fund assets fell by $34.31 billion to $3.558 trillion, according to
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.
The CEO of the RIA "roll-up" outfit thinks that ongoing industry consolidation doesn't necessarily mean all firms will start to look the same.
