Mutual funds took in $16.45 billion in the week ended Sept. 16, marking the 27th straight week of inflows, now totaling $283 billion, according to the
However, investors took $1.4 billion out of stock funds, with $2.04 billion coming out of U.S. equity funds, and foreign equity funds taking in $646 billion. Bond funds took in a whopping $12.68 billion, up from $8.21 billion the previous week.
Investors withdrew $7.19 billion from money market funds, according to
Republicans will be planning a victory lap and Democrats will be thinking about their election strategy. But financial advisors and tax pros will be preparing their clients.
Earning and maintaining certifications requires a significant time investment. So why do advisors go through the trouble?
As Raymond James, Wells Fargo and RBC reported big recruiting deals this week, FINRA said it was going to pay back to its members a large chunk of the fees they paid last year.
Looking forward to not answering client phone calls? Here's how to make it happen.
In separate cases, two federal judges found that neither Wells Fargo nor LPL had a fiduciary obligation to look for clients' best interests with uninvested cash held in brokerage accounts.
Even after accounting for income, Black Americans still trail in retirement savings, according to a recent EBRI study. Advisors point to a mix of historic and systemic barriers that make the gap hard to close.
