Long-term mutual funds netted $8.34 billion in inflows in the week ended July 1, the
Outflows from stock funds slowed to $396 million from $607 million that investors took out from the funds in the previous week. Bond funds netted $8.41 billion in inflows, up sharply from the $4.34 billion they took in the previous week.
The flight to safety was also felt among money market funds, which saw $17.6 billion in inflows, reaching a total of $3.618 trillion, according to iMoneyNet.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
A therapist in New York still has $50,000 in student loans. Can President Biden's new policy bring her relief?
The wealth program at Kinecta Federal Credit Union is changing brokerage, RIA and custodian as the industry fights for recruits of all sizes in the channel.
