Stock fund investors invested a net $1.39 billion into funds in the week ended Wednesday, according to research firm
It was a particularly lucrative week for small-cap growth funds, the Arcata, Calif.-based firm said, as those funds drew in $622 million. Aggressive growth funds vacuumed in $490 million.
But international equity funds suffered, spitting out $78 million in outflows.
Still, AMG noted that this is the fourth straight week that stock funds had inflows.
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.
As ESG investments face political backlash, here's how financial advisors are talking to clients about impact investing.
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
